04/03 13:14 - Reading : 2 minute(s)
The president of the General Confederation of Lebanese Workers (CGTL), Bechara Asmar, said that it is necessary to increase salaries in both the public and private sectors and, in doing so, alleviate the suffering of citizens. In an interview granted to the IMLebanon website, he pointed out that the economic situation in Lebanon is deteriorating ...
03/03 22:53 - Reading : 3 minute(s)
The question of civil servants' salaries is once again at the forefront of the economic scene, following the government's approval on Wednesday, under strong pressure from strikes, of decrees aimed at increasing them. This decision reinforces fears of a repeat of the 2017 scenario when the wage scale law was passed. Experts believe that the wage ...
03/03 22:06 - Reading : 1 minute(s)
The directors of the Ministry of Finance announced on Sunday the "temporary" suspension of their strike from Monday, March 4, to "complete the process of paying salaries and carry out all transactions of citizens and other departments and institutions of the state." These remarks came in a statement issued the day after a meeting held on Saturday ...
Maurice Matta 02/03 11:10 - Reading : 3 minute(s)
The agreement, approved by the caretaker government, between the Teachers' Syndicate and the Federation of Private Educational Institutions under the auspices of the Ministry of Education for financing the indemnity fund (amounting to 100 billion Lebanese Pounds) for the teaching community has enabled the fund to pay salary increases to retired ...
This Is Beirut 01/03 17:34 - Reading : 2 minute(s)
Following rumors implying that the striking employees of the Ministry of Finance will not process the February salaries of civil servants, sources close to the Ministry assured This is Beirut that the mood surrounding discussions to resolve the problem is positive and the Ministry's employees are not heading for escalation — quite the ...
This Is Beirut 01/03 13:01 - Reading : less than a minute
In an interim circular bearing number 693 dated 29/2/2024, the Banque du Liban (BDL) made a temporary adjustment to the operating conditions of financial companies operating in Lebanon. Circular 693, which refers to the decision adopted by the Central Council of the Banque du Liban, which met on February 28, 2024, commands financial companies to ...
This Is Beirut 20/02 21:39 - Reading : 2 minute(s)
A report by the International Labor Organization (ILO) highlights the stagnation of the labor market in the Arab world, which lags behind the economic recovery. It recommends concerted efforts to enhance diversification and create employment opportunities in more flexible sectors. The report indicates that "the unemployment rate in the region is ...
This Is Beirut 20/02 21:15 - Reading : less than a minute
The United Nations announced on Tuesday that they will allocate $100 million to support humanitarian crises in seven different countries, including Lebanon. In addition to Lebanon, the Democratic Republic of Congo, Sudan, Syria, Chad, Niger, and Honduras will benefit from this assistance, which comes from the United Nations Central Emergency ...
This Is Beirut 20/02 16:15 - Reading : less than a minute
Caretaker Minister of Finance Youssef Khalil announced on Tuesday a decision to extend payment deadlines for certain taxes to spare taxpayers from incurring late payment fines. The deadline for filing the annual income tax return, salaries and wages (R5), individual annual statements (R6), and the annual global statement (R7) for the years 2022 ...
This Is Beirut 20/02 16:05 - Reading : less than a minute
Lebanon’s electricity company, Électricité du Liban (EDL) reiterated its warning to public administrations, public institutions, water boards and individuals operating on behalf of the public sector, in the various regions of Lebanon, to pay their electricity bills (old and new), in cash (Lebanese pounds), by February 29. The public ...
Maurice Matta 20/02 10:00 - Reading : 5 minute(s)
A recent decision of the State Council was accepted following a review by the Association of Banks in Lebanon (ABL), which nullified the government's directive in the financial recovery plan to cancel the Lebanese Central Bank (BDL) obligations in foreign currencies to banks. This decision dealt a significant blow to caretaker Prime Minister ...
This Is Beirut 19/02 18:54 - Reading : 2 minute(s)
After Lebanon received a $34 million loan from the World Bank to restore the budgetary management of public services, several rumors started circulating on Monday, claiming that this amount would be distributed to 500 employees of the Ministry of Finance, a piece of information the said Ministry's press office rushed to deny. "In view of the ...