24/01 19:11 - Reading : 3 minute(s)
Since the beginning of the Houthi attacks in November, maritime traffic in the Red Sea has declined by around 70%. This critical situation is disrupting the maritime transport sector and global trade, which is consequently affecting Lebanese trade. Since mid-November, Houthi attacks in the Red Sea have led numerous ship-owners to steer clear of ...
24/01 16:00 - Reading : 1 minute(s)
The League of Civil Servants announced on Wednesday that it will observe a general strike starting Monday, January 29. It is demanding a minimum wage of at least $600. In a statement released on Wednesday, the League highlights that civil servants have been excluded from the salary raises granted to other employees. It condemns the injustice ...
Nicolas Sbeih 24/01 10:15 - Reading : 5 minute(s)
The state finances are taking center stage these days. They are in the spotlight, dominating media headlines and the intros of television news with their Ibn Battouta-style prose. All of this is because we are on the eve of a new era: the state budget has been presented and is at risk of being adopted on time, for the first time in almost 20 ...
23/01 21:05 - Reading : 2 minute(s)
Acting Governor of the Central Bank, Wassim Mansouri, has agreed with the Association of Banks in Lebanon (ABL) to discuss the replacement of Circular 151. This would enable beneficiaries to receive a monthly cash payment of $150. Yet, based on the information available from Tuesday's meeting at Lebanon’s Central Bank (BDL), perspectives between ...
This Is Beirut 23/01 18:59 - Reading : less than a minute
The Ministry of Finance's press office announced in a press release issued on Tuesday that caretaker Finance Minister Youssef el-Khalil will be unable to attend the sessions dedicated to the discussion of the draft budget for the fiscal year 2024 on Wednesday and Thursday, due to health reasons "following surgery." He has informed the caretaker ...
This Is Beirut 23/01 18:58 - Reading : less than a minute
The Association of Banks in Lebanon (ABL) is working to guarantee depositors' rights in the short term while awaiting definitive solutions, it said in a statement issued on Tuesday, following a meeting between its board of directors and Banque du Liban's Interim Governor Wassim Mansouri and deputy governors. They discussed the best possible ...
This Is Beirut 23/01 17:47 - Reading : less than a minute
The Association of Automobile Importers in Lebanon (AAI) has joined economic organizations in calling on MPs from all blocs to assume their national responsibilities and vote for the amended budget. In a press release, the AAI warned that failure to vote on the budget with the amendments made by the parliamentary Finance and Budget Committee in ...
This Is Beirut 23/01 13:58 - Reading : less than a minute
The General Confederation of Lebanese Workers (CGTL) called on MPs on Tuesday to approve the draft budget for fiscal year 2024 with the improvements made by the Budget and Finance Committee. In a statement, the CGTL said that it had examined the draft budget formula for fiscal 2024, amended by the parliamentary Finance and Budget Committee led by ...
Maurice Matta 23/01 12:44 - Reading : 3 minute(s)
Following the adoption of fourteen laws during the Parliament sessions on December 14 and 15 and the decision of the Council of Ministers, during its session on December 19, to issue these laws in the name of the President of the Republic, caretaker Prime Minister Najib Mikati signed only eleven laws, deciding not to publish three others, ...
This Is Beirut 22/01 18:23 - Reading : 1 minute(s)
Economic organizations called on MPs on Monday to vote for the budget with its amendments to avoid having it be promulgated by decree. On the eve of Parliament's general sessions scheduled for Wednesday and Thursday to examine the draft budget for fiscal year 2024, the economic organizations issued a statement in which they called on MPs and ...
This Is Beirut 22/01 16:25 - Reading : less than a minute
The Central Administration of Statistics (ACS) reported on Monday that the consumer price index in Lebanon for December 2023 recorded an increase of 0.02% compared to November 2023. This increase remains very moderate compared to the rebounds recorded in other months of the year (33.27% in March and 5.35% in May). On the other hand, the index ...
Liliane Mokbel 22/01 07:30 - Reading : 3 minute(s)
The statements of Caretaker Prime Minister Najib Mikati, made on the sidelines of the Davos forum, about the impeding recovery of bank deposits have keyed up the online community, triggered various interpretations, and stirred up confusion among the public. Caretaker PM Najib Mikati announced from Davos that "a clear program detailing how ...