This is Beirut 07/03 15:25 - Reading : 1 minute(s)
The World Bank on Friday estimated Lebanon's recovery and reconstruction costs at $11 billion following the war between Israel and Hezbollah, which ended with a ceasefire last November. "Reconstruction and recovery needs following the conflict that affected Lebanon are estimated at US$11 billion," the World Bank said in a report assessing damage ...
This is Beirut 07/03 15:00 - Reading : 1 minute(s)
Beirut-Rafic Hariri International Airport Automated Gates Project Security Lebanon
The Minister of Public Works and Transport, Fayez Rassamni, inaugurated the automatic gates project at Beirut-Rafic Hariri International Airport on Friday morning, in partnership with the International Organization for Migration (IOM) and with the support of the German Federal Police. The project aims to enhance security and facilitate airport ...
This is Beirut 07/03 08:25 - Reading : 2 minute(s)
Donald Trump New York United States US Congress USA
Asian stocks tumbled at the open Friday following a tough day on Wall Street as uncertainty over US President Donald Trump's trade policies roiled markets and traders awaited key US jobs data. Bitcoin plunged 5.7 percent after Trump signed an executive order to establish a "Strategic Bitcoin Reserve" without planning any public purchases of the ...
This is Beirut 06/03 19:55 - Reading : 3 minute(s)
Donald Trump United States Mexico Canada Tarifs on imports
US President Donald Trump said Thursday that he was pausing sweeping tariffs recently imposed on Mexican imports after talks with Mexican President Claudia Sheinbaum, while tensions with Canada continued to simmer amid strong blowback on world markets. Trump said fresh tariffs targeting Mexico would not apply to trade falling under a pact between ...
This is Beirut 06/03 19:55 - Reading : 1 minute(s)
Microsoft Artificial intelligence AI South Africa
Tech giant Microsoft will invest $298 million on artificial intelligence (AI) and data centre infrastructure in South Africa, the company's vice-chair said on Thursday. The multinational announced in January it would provide one million South Africans with AI and cyber security training opportunities by 2026. "We are investing more money to ...
Liliane Mokbel 06/03 19:39 - Reading : 2 minute(s)
Salary civil servants Minimum salary public sector private sector
The issue of raising the minimum wage is back on the table, highlighting a stark wage gap between the private and public sectors. Despite a 95% devaluation of the Lebanese pound since October 2019, the minimum wage in the public sector remains set at 6,750,000 pounds, while it has reached 18,000,000 pounds in the private sector. This disparity ...
This is Beirut 06/03 16:45 - Reading : 2 minute(s)
economy Yassin Jaber finance Taxes revenues
Yassine Jaber, the Minister of Finance, reiterated that “the ministry is resolutely pursuing the necessary and fundamental reforms to improve the country's financial and customs systems.” He emphasized that “the government remains fully committed to advancing reforms aimed at enhancing financial transparency, improving the business ...
This is Beirut 06/03 16:15 - Reading : 3 minute(s)
The European Central Bank cut interest rates again Thursday to boost the struggling eurozone but suggested easing could be nearing an end and warned of "rising uncertainty" amid massive German spending plans and US tariff threats. It was the central bank's six reduction since June last year, with its focus having shifted from tackling inflation ...
Maurice Matta 06/03 11:00 - Reading : 7 minute(s)
Donald Trump United States Canada Mexico Tariffs Trade
In his longest-ever speech before Congress, US President Donald Trump addressed several domestic and foreign issues, calling for the beginning of the “America’s Golden Age” and the strengthening of its sovereignty and independence. He emphasized that the United States “will remain free and independent.” As he delivered his speech, Trump ...
Liliane Mokbel 05/03 19:10 - Reading : 3 minute(s)
Banks Central Bank of Lebanon Gold Reserves Lebanon
Following the government’s policy statement and the president’s inaugural speech, it is clear that a new momentum is emerging to address the pending economic issues. Controversial proposals are emerging, notably the idea of using Lebanon's Central Bank gold reserves (BDL) to partially bridge the financial deficit. However, it is evident that ...
This is Beirut 05/03 19:05 - Reading : less than a minute
The price of the major international oil contract, Brent crude, fell to its lowest level since 2021 following data showing that US crude stocks surged. Around 1610 GMT the price of Brent crude was down 3.36 percent to $68.65, shortly after the release of data showing a higher-than-expected increase of 3.6 million barrels in US crude stocks last ...
This is Beirut 05/03 13:05 - Reading : 4 minute(s)
Paris Donald Trump dollar budget Canada
Markets rallied on Wednesday as investors welcomed China's economic targets and a U.S. official signaled that President Donald Trump could dial down tariffs on Canada and Mexico. Global stocks had tumbled on Tuesday after China, Mexico, and Canada retaliated against U.S. tariffs, and fears grew that Europe could be Trump's next target. There was ...