Economy

Air Algérie Set to Resume Flights to Lebanon
Air Algérie Set to Resume Flights to Lebanon

Air Algérie is preparing to resume flights to Lebanon after suspending operations last August due to the military conflict between Hezbollah and Israel. According to An-Nahar, the Algerian government plans to send a delegation to assess security conditions at Beirut-Rafic Hariri International Airport before resuming services. Notably, ...

Lebanon in the Top 80 of Numbeo Safety Index: A Pleasantly Surprising Ranking
Lebanon in the Top 80 of Numbeo Safety Index: A Pleasantly Surprising Ranking

Lebanon may not be the world champion of Olympic calm, but it certainly has a surprise in store for you! With its 78th place (out of 147) in the Numbeo Safety Index ranking, it ranks ahead of major countries like the United States, France and England. Yes, you read that correctly – it’s quite an achievement! Who would have thought that, in a ...

Lebanon’s Digital Transformation: A Key to Economic Revival, Says Shehadeh
Lebanon’s Digital Transformation: A Key to Economic Revival, Says Shehadeh

Lebanon’s Minister of the Displaced and State Minister for Technology and Artificial Intelligence, Kamal Shehadeh, has underscored the critical role of digital transformation in driving the country’s economic development. In an interview with CNBC Arabia, Shehadeh described digital transformation as “a key step to strengthening economic ...

Moody's Warns of Geopolitical and Internal Risks Threatening Israeli Economy
Moody's Warns of Geopolitical and Internal Risks Threatening Israeli Economy

Rating agency Moody's warned that internal and geopolitical tensions could weaken the Israeli economy, particularly the key high-tech sector. According to Moody's, uncertainty about long-term security and the economic outlook are higher than usual, which could have serious consequences for the country's public finances and institutional ...

These Banknotes Aren’t So Green After All
These Banknotes Aren’t So Green After All

The local market is flooded with US dollar bills of all denominations – $5, $10, $20, $50 and $100 – showing various signs of wear: stained, damaged, torn, creased, faded, and sometimes even patched with tape. But are these bills still valid? In a country where the economy is almost entirely dollarized, the high demand and intense ...

Wassim Mansouri Reflects on His Interim Leadership at the BDL
Wassim Mansouri Reflects on His Interim Leadership at the BDL

As the Lebanese Cabinet under Nawaf Salam prepares to appoint a new governor for the Banque du Liban (BDL), assessments on Wassim Mansouri's interim tenure since August 2023 are mixed. Some view his actions as having preserved a degree of stability amidst unprecedented political and security crises, while others argue that the stability he has ...

Stocks Up as Fears Ease Over Next Trump Tariffs
Stocks Up as Fears Ease Over Next Trump Tariffs

Wall Street clung to strong gains and European stocks rose on Tuesday over easing concerns about the next round of tariffs from US President Donald Trump. The Dow, the broad-based S&P 500 and the tech-heavy Nasdaq were all up around 0.1 percent in early deals, following a rally fuelled by technology stocks the previous day. Sentiment was buoyed ...

China says Canada 'seriously damaging' interests in trade spat
China says Canada 'seriously damaging' interests in trade spat

China on Tuesday accused Canada of "seriously damaging" its interests, defending its tariffs against the country after Ottawa launched a dispute against Beijing at the World Trade Organization. Beijing this month slapped a 100 percent surcharge on rapeseed oil, oil cakes – a type of animal feed – and peas imported from Canada. China said the ...

Tesla's EU Sales Plunge 49% Year-on-Year In First Two Months of 2025: Industry Body
Tesla's EU Sales Plunge 49% Year-on-Year In First Two Months of 2025: Industry Body

European sales of Tesla electric cars dropped 49 percent in January-February compared with the same period a year earlier, the ACEA manufacturers' association said Tuesday. Ageing models are one factor behind the plunge so far this year, but e-vehicle clients may also be refusing to buy in protest of Tesla's billionaire owner Elon Musk since he ...

Boosting the Agricultural Sector: Joint Efforts Between Economic Organizations and Minister of Agriculture
Boosting the Agricultural Sector: Joint Efforts Between Economic Organizations and Minister of Agriculture

Economic organizations, led by former Minister Mohammad Choucair, discussed strategies to revitalize and modernize Lebanon's agricultural sector with Minister of Agriculture Nizar Hani on Monday. The meeting was held at Beirut and Mount Lebanon Chamber of Commerce, in the presence of representatives of the main agricultural associations. Choucair ...

Digital Revolution in Lebanon: The Ministry of Technology's Plan to Revitalize the Economy
Digital Revolution in Lebanon: The Ministry of Technology's Plan to Revitalize the Economy

Facing economic and technological challenges, Lebanon is turning towards a digital revolution to reshape its economy and services. In an interview with Akhbar al-’An, Kamal Shehadeh, Minister of the Displaced and State Minister for Technology Affairs and Artificial Intelligence, outlined an ambitious plan to modernize the country’s digital ...

Istanbul Mayor Arrested: An Economic Shock for Turkey
Istanbul Mayor Arrested: An Economic Shock for Turkey

Ekrem Imamoglu, mayor of Istanbul since 2019 and member of the Republican People's Party (Cumhuriyet Halk Partisi or CHP in Turkish), the main opposition party, was incarcerated after being convicted of “public insults” against government officials. This development comes at a particularly difficult time for the Turkish economy, already ...