This is Beirut 03/03 17:15 - Reading : 4 minute(s)
European Union Donald Trump Europe New York Ukraine
Share prices of European defense companies soared Monday as London and the European Union look to ramp up military spending in the face of uncertainty over the United States' commitment to Ukraine and NATO. BAE Systems surged 14 percent, helping London's benchmark FTSE 100 index to a record high, the latest in a series over ...
Liliane Mokbel 03/03 14:00 - Reading : 3 minute(s)
Central Bank of Lebanon International Monetary Fund Hezbollah FATF Terrorism Money laundering
The arrest this weekend of a passenger carrying $2.5 million in cash at Beirut’s International Airport marks an important step in the fight against the illegal transport of currency. This action underscores the Lebanese authorities' commitment to tightening controls and curbing such practices. Under the supervision of General Fadi Kfoury, the ...
Liliane Mokbel 01/03 12:00 - Reading : less than a minute
According to Labora, a Lebanese NGO focused on reducing unemployment, 82% of the 2024 Finance Law and the 2025 budget proposal are allocated to cover the public sector's operational costs. This exceeds the World Bank's 30% threshold, beyond which it refuses to finance budgets, as it views such high spending as a risk of public fund mismanagement ...
Christiane Tager 28/02 22:35 - Reading : 2 minute(s)
During Ramadan, families devote extra care to their meals, increasing food expenses by 18.2%, according to a 2024 survey. More of their budget goes toward iftars and suhoors, with a preference for traditional products and Ramadan-specific dishes. However, after years of crises and conflicts, many Lebanese are worried about product availability and ...
This is Beirut 28/02 18:35 - Reading : 2 minute(s)
The chairman of the Finance and Budget Parliamentary Committee, MP Ibrahim Kanaan, emphasized that implementing reforms in Lebanon's public finances requires addressing four key areas: the tax system, the budget, financial accounts, and public borrowing. He made these remarks during a conference on public finance reforms at the Ecole ...
This is Beirut 28/02 18:15 - Reading : less than a minute
In a statement on Friday, economic organizations, led by former Minister Mohammad Choucair, praised Finance Minister Yassine Jaber’s decision to reject public loans and actively address the informal economy. The organizations stated that this decision reflects the minister’s serious commitment to controlling public spending across various ...
This is Beirut 28/02 17:25 - Reading : 2 minute(s)
Banks World Bank Lebanon Yassine Jaber
The World Bank (WB) has allocated $250 million toward Lebanon’s recovery, as confirmed by Ousmane Dione, the WB Vice President for the Middle East and North Africa, following a meeting with Finance Minister Yassine Jaber on Friday. Dione further emphasized the aim to secure an additional $250 million by partnering with a group of international ...
Liliane Mokbel 28/02 13:25 - Reading : 3 minute(s)
Hezbollah continues to pay salaries to its leaders, but the long-term sustainability of this practice is increasingly uncertain. The challenges in receiving Iranian funds have grown, compounded by the closure of hard drug production facilities in Syria. The land route to transfer these funds through Syria has been entirely shut down, and the air ...
Christiane Tager 28/02 11:10 - Reading : 4 minute(s)
Lebanon Telecommunication Alpha Touch
Everything is falling apart! It's nearly impossible to normally connect to the web or make a phone call without constant interruptions. To make matters worse, outages and technical failures continue to spread across the country, even though the price hikes needed to sustain the sector have already been enforced. It’s long overdue for urgent ...
This is Beirut 28/02 09:35 - Reading : 1 minute(s)
USA Donald Trump United States Washington
China on Friday vowed to take "all necessary countermeasures" after US President Donald Trump said he would impose an additional 10 percent tariff on Chinese imports. Trump's latest move is due to enter effect on Tuesday alongside sweeping 25 percent levies on Canadian and Mexican imports, intensifying a brewing trade war between ...
This is Beirut 27/02 19:15 - Reading : 2 minute(s)
Donald Trump Tariffs China Canada Mexico
US President Donald Trump said Thursday that he would impose an added 10 percent tariff on Chinese imports while moving ahead with levies on Canada and Mexico next week, citing "unacceptable" fentanyl smuggling. Trump had announced – then halted – sweeping 25 percent levies on Canadian and Mexican imports this month over illegal immigration ...
Maurice Matta 27/02 18:00 - Reading : 3 minute(s)
Lebanon European Union Trade Export
Lebanon entered into the Partnership Agreement with the European Union in March 2003. On November 11, 2016, the Partnership Priorities and the Mutual Package between Lebanon and the European Union were approved, aiming to enhance mutual interests and improve economic cooperation. According to the latest trade figures in a report prepared by the ...