Christiane Tager 10/02 20:40 - Reading : 3 minute(s)
Despite its significant economic challenges, Lebanon maintains a prominent position in terms of gold reserves in the Arab world. According to the latest report from the World Gold Council (WGC), the country ranks second among Arab nations with the largest gold reserves, holding an impressive total of around 287 tons by the end of 2024, equivalent ...
This is Beirut 10/02 10:35 - Reading : 1 minute(s)
Taiwanese state-owned energy giant CPC Corporation "is willing" to increase natural gas imports from the United States, Taiwan said Monday, after US President Donald Trump threatened tariffs on the island's semiconductor chips. Taiwan imports nearly all of its energy supply, with official data showing about 38 percent of its natural gas comes ...
Liliane Mokbel 08/02 12:00 - Reading : less than a minute
lebanon Banque du Liban electricity
Electricity production increased by 36.7% in the first half of 2024 compared to the same period in 2023, according to data from the Banque du Liban. It reached 2.239 million kilowatt-hours (kWh), up from 1.638 million kWh during the same period last year. This growth continues the 41.7% increase seen between 2022 and 2023, when total production ...
Christiane Tager 07/02 20:35 - Reading : 2 minute(s)
In 2024, gold surged by approximately 27%, setting new records, while silver, though up 27.5%, showed more moderate fluctuations. However, unlike gold, silver has yet to surpass its all-time high. The primary driver behind gold's meteoric rise is its long-established role as a safe-haven asset. In times of economic, political or geopolitical ...
This is Beirut 07/02 15:00 - Reading : 1 minute(s)
The Ministry of Finance issued a statement on Friday regarding the declaration of income subject to the tax on built properties and the corresponding tax payments. In line with Articles 51, 52, and 53 of Law No. 324, dated February 12, 2024 (Finance Law for 2024), the Ministry reminds taxpayers of the following key points: Electronic ...
This is Beirut 06/02 20:40 - Reading : 1 minute(s)
International Monetary Fund Houthi Palestine Washington
The International Monetary Fund (IMF) plans to submit a new loan agreement with Egypt for approval by its board, the global lender’s communications chief said Thursday, as the country seeks to strengthen its economy. “A policy package of reforms will be considered by the Fund’s executive board, along with the fourth review of Egypt’s ...
This is Beirut 06/02 17:30 - Reading : 1 minute(s)
The Qatari ambassador to Lebanon, Sheikh Saud bin Abdul Rahman al-Thani, has announced that Qatar will soon provide extensive support to Lebanon, particularly in the economic sector. He highlighted the strong interest of Qatari investors in various industries, including electricity, oil and gas, port operations and airport management. Speaking at ...
Christiane Tager 06/02 15:45 - Reading : 2 minute(s)
The Trump administration has suspended USAID, freezing billions of dollars in funding and humanitarian aid. The United States could offer China a real opportunity to expand its influence, particularly in Africa, Latin America and Asia — regions where American aid has always been essential. Since taking office on January 20, President Donald ...
Maurice Matta 06/02 10:55 - Reading : 3 minute(s)
Banks Banque du Liban Central Bank of Lebanon
As the political situation remains uncertain, especially regarding the formation of the government, the Central Bank of Lebanon decided at the end of January to suspend its previous policy that required banks to make multiple monthly payments to beneficiaries of Circulars 158 and 166. This decision restores withdrawal limits to pre-crisis ...
Christiane Tager 05/02 09:00 - Reading : 2 minute(s)
Middle East Beirut International Airport Hezbollah Israel Kuwait
From the onset of the escalating conflict between Hezbollah and Israel, all international airlines suspended their flights to Lebanon. Among them, major carriers such as Air France, Lufthansa and Turkish Airlines halted their routes to Beirut, citing security concerns for passengers and crew amid ongoing bombardments and the inability to guarantee ...
This is Beirut 04/02 18:55 - Reading : 2 minute(s)
The Caretaker Minister of Finance, Youssef Khalil, stated that “the approval of the 2025 budget draft by decree, after adhering to the deadlines set by law, has now become a necessity. According to him, “this remains financially safer than not approving it and resorting to expenditures based on the provisional twelfth rule.” Khalil noted ...
Liliane Mokbel 04/02 17:35 - Reading : 3 minute(s)
To encourage young graduates to stay in Lebanon, it is imperative to first offer them job opportunities and then viable solutions for homeownership. However, today, the landscape of real estate credit remains unclear, with no serious plan for the recovery of public and private institutions yet in place. In principle, three entities are capable of ...