Christiane Tager 16/02 10:00 - Reading : 2 minute(s)
Since the ceasefire, the revival of economic activity and urgent need to shelter thousands of displaced people have led to a surge in prefabricated home orders. A supplier of prefabricated homes in Lebanon, who requested anonymity, revealed to This is Beirut that there is a 30% increase in demand. Businesses in this sector, which had seen a ...
Liliane Mokbel 15/02 12:00 - Reading : less than a minute
In 2024, the total value of fresh dollar checks cleared amounted to $302 million, according to data from the Association of Banks in Lebanon (ABL) and the research department at Bank Audi. On average, $25.2 million in fresh dollar checks were cleared each month throughout the year. The value of these checks experienced a monthly increase of 17%, ...
This is Beirut 14/02 17:02 - Reading : 2 minute(s)
Cold weather, disease and capacity cuts pushed wine production in the French Bordeaux region, last year; to a low not seen in three-and-a-half decades, the local industry body said Friday. Often called the world's most famous wine country, Bordeaux -- France's biggest wine region -- produces the iconic Medoc, Saint-Emilion, and Pomerol high-end ...
This is Beirut 14/02 15:20 - Reading : 1 minute(s)
European Union USA Donald Trump Republicans Washington
The EU vowed Friday to respond "firmly and immediately" to trade barriers after US President Donald Trump unveiled tariffs that could hit both allies and competitors. The European Commission said Trump's plans were "a step in the wrong direction" that heightened economic uncertainty and disrupted the efficiency of global markets. "The EU will ...
This is Beirut 13/02 19:45 - Reading : less than a minute
Alfa, the mobile operator, explained the reasons behind Wednesday’s disruption of several of its services. In a statement, the company attributed the outage to a technical issue that occurred while updating an outdated router used for data transmission. Alfa apologized to its subscribers and reassured them that its network is undergoing ...
This is Beirut 13/02 19:25 - Reading : 3 minute(s)
European Union Emmanuel Macron Europe Gulf Turkey
France's Foreign Minister Jean-Noel Barrot said Thursday that the European Union was working toward swiftly easing Syria sanctions as Paris hosted a conference on the transition in the war-torn country after president Bashar al-Assad's fall. Islamist-led rebels toppled Assad in December after a lightning offensive. The new authorities, headed by ...
Liliane Mokbel 13/02 11:00 - Reading : 3 minute(s)
In an interview with This is Beirut, Ahmad el-Khatib, managing partner of Century 21 Lebanon, an international real estate brokerage agency, shares his vision of the Lebanese real estate market. “As real estate brokers, we are at the heart of the market and directly feel its fluctuations, whether positive or negative. Our daily interactions ...
This is Beirut 13/02 09:45 - Reading : 4 minute(s)
A Houston poultry supply company is selling chickens like there is no tomorrow, as sky-high prices for eggs prompt some Americans to produce their own at home. A recent US outbreak of bird flu since early 2024 is exacting a heavy toll on poultry farms. More than 21 million egg-laying hens have been "depopulated" this year so far, after 13.2 ...
This is Beirut 12/02 20:50 - Reading : 3 minute(s)
New York United Kingdom United Nations
Climate change drove weeks of crop-withering temperatures last year in the West African countries that underpin the world's chocolate supply, hitting harvests and likely further stoking record prices, researchers said Wednesday. Farmers in the region -- which account for some 70 percent of global cacao production -- have struggled with heat, ...
This is Beirut 12/02 18:25 - Reading : less than a minute
Banque de l’Habitat (BDH) re-elected Antoine Habib as chairman and appointed a new Board of Directors during its ordinary general assembly on Wednesday, During the meeting, Habib outlined key achievements, including an increase in loan values to support low and middle-income Lebanese citizens. He highlighted a $165 million loan from the Arab ...
This is Beirut 12/02 17:50 - Reading : 3 minute(s)
USA Donald Trump Europe New York
US stock markets tumbled on Wednesday as an inflation reading came in hotter than expected, fanning fears that the Federal Reserve will keep interest rates higher for longer. Following days of attention on US President Donald Trump's tariff moves, traders were focusing on the January consumer inflation data, which is set to play a role in the ...
This is Beirut 12/02 17:30 - Reading : 1 minute(s)
A Saudi company will invest $5 billion to build an artificial intelligence data centre in the futuristic city of NEOM, state media reported. The agreement, signed between DataVolt and NEOM, would fund the creation of a fully sustainable AI data centre with a 1.5 gigawatt capacity, the official SPA news agency said. The project will be located in ...