This is Beirut 2024-10-23 18:35 - Reading : less than a minute
Beirut International Airport Middle East
Jean Abboud, President of the Lebanese Tourist and Travel Agency Owners’ Union, revealed that flight bookings departing from Beirut, via Beirut Rafic Hariri International Airport, have decreased over the last ten days by around 20-30% compared to the previous period. In a press release on Wednesday, he stated that the number of flights will ...
This is Beirut 2024-10-23 13:10 - Reading : 3 minute(s)
Stock Market presidential elections
In Europe, as of 7:30 AM GMT, stock indices were relatively stable, with Paris (−0.02%), Milan (+0.07%), and Frankfurt (+0.04%). Meanwhile, Asian markets diverged: Tokyo closed down (−0.55%), while Shanghai (+0.52%) and Hong Kong (+1.28%) surged in late trading. On Wall Street on Tuesday, indices ended the day mixed, with the Dow Jones ...
This is Beirut 2024-10-22 19:58 - Reading : 1 minute(s)
The ongoing war has caused approximately $67 million in damages to the public telecom operator, Ogero, and the mobile phone operators Alfa and Touch, according to a report from the Ministry of Telecommunications. In a statement, the ministry explained that the study aims to identify the funds needed to support the southern populations who ...
This is Beirut 2024-10-22 17:46 - Reading : less than a minute
The gold market reached another milestone on Tuesday morning, trading at $2,729 per ounce, while US gold futures soared to $2,741. This unprecedented boom led to new record prices for the yellow metal, with analysts predicting that gold will continue to hit historically high levels. According to CNBC, “Gold has entered a new bull run, driven ...
This is Beirut 2024-10-22 17:46 - Reading : 2 minute(s)
Middle East Tehran United Nations Oil
Oil prices have surged amid renewed concerns over a potential Israeli retaliation against Iran following Tehran’s missile attack on Israel on October 1. Brent North Sea crude for December delivery rose by 1.68%, reaching $74.29 a barrel, while US West Texas Intermediate (WTI) for November delivery increased by 1.94%, settling at $70.56 a ...
This is Beirut 2024-10-22 17:46 - Reading : 1 minute(s)
The poultry sector in Lebanon has suffered severe losses, primarily due to falling chicken prices, which have dropped below the cost of production. Compounding the issue, Israeli airstrikes in southern Lebanon and the Bekaa Valley have forced a halt to farm operations and production units, according to William Boutros, president of the Poultry ...
This is Beirut 2024-10-22 16:08 - Reading : less than a minute
South Lebanon Lebanon CPI Beirut
The Central Administration of Statistics (CAS) reported on Monday that Lebanon’s Consumer Price Index (CPI) fell by 0.18% in September 2024 compared to August 2024, marking the first decrease in over a year. In contrast, record inflation was observed in 2023, with the CPI surging 33.27% in March and 5.35% in May. Despite the slight monthly ...
This is Beirut 2024-10-21 21:40 - Reading : 3 minute(s)
ABL Banks Central Bank of Lebanon
The Secretary-General of the Association of Banks in Lebanon, Fadi Khalaf, stated that “the new policies adopted by Lebanon’s Central Bank (BDL) indicate a clear change in its approach to managing the financial crisis.” He welcomed “these measures, which reflect the Central Bank’s commitment to achieving as much monetary and financial ...
2024-10-21 13:35 - Reading : 4 minute(s)
Bahrain Banks Central Bank of Lebanon Kuwait
In an interview with This is Beirut, Antoine Habib, Chairman and General Manager of Banque de l'Habitat (BDH), shared that despite Lebanon's challenging situation, the bank has resumed issuing loans, with many already disbursed. These loans, aimed at low- and middle-income individuals, cover the purchase of apartments, home renovations, land ...
Liliane Mokbel 2024-10-20 16:52 - Reading : 3 minute(s)
According to several reliable sources, Lebanon could soon be added to the Financial Action Task Force (FATF) grey list. A decision is expected in five days. If confirmed, this would hardly come as a surprise. However, rumors have circulated over the past 24 hours about a possible postponement of the decision to November rather than October, ...
This is Beirut 2024-10-20 14:10 - Reading : less than a minute
The 60th edition of SIAL (International Food Exhibition) opened in Paris on Saturday and will run until October 23. Despite Lebanon's challenging circumstances, 32 Lebanese agro-industrial institutions are participating, with 18 represented at the Lebanese pavilion. The caretaker Minister of Industry, Georges Bouchikian, inaugurated the pavilion ...
This is Beirut 2024-10-19 13:10 - Reading : less than a minute
Caretaker Energy Minister Walid Fayad stated on Saturday that the damage caused by Israeli airstrikes on Lebanon is estimated at nearly $440 million in the water and energy sectors, while the losses in the services, education, and health sectors amount to billions of dollars. He specified that the damage to electricity and water networks alone ...