Maurice Matta 2024-08-14 09:43 - Reading : 4 minute(s)
Wassim Mansuri, the Acting Governor of Lebanon's Central Bank (BDL), is set to travel to Washington, D.C., in the first week of September, in an attempt to shield Lebanon from being placed on the Financial Action Task Force's (FATF) gray list, which monitors countries for financial crimes. His visit comes just days before a critical meeting where ...
This Is Beirut 2024-08-13 19:43 - Reading : less than a minute
Export and import procedures will be handled online starting Wednesday. In a statement issued on Tuesday, the Ministry of Economy announced that starting Wednesday, importers and exporters will no longer be required to go to the port or the Ministry’s headquarters to complete import and export procedures. These procedures, which include ...
This Is Beirut 2024-08-13 19:00 - Reading : 1 minute(s)
The President of the Property Owners’ Union, Patrick Rizkallah, recalled that the syndicate had repeatedly appealed to the Lebanese state regarding the need to draw up a plan to save buildings. He put forward the figure of ten thousand buildings at risk in Beirut alone. "Where are the draft laws to save these buildings? Where is the ...
This Is Beirut 2024-08-13 16:54 - Reading : 1 minute(s)
US credit rating agency Fitch has downgraded Israel a notch, warning that its ongoing conflict against Hamas in Gaza could last "well into 2025" and weigh on economic activity. Fitch lowered Israel's rating from "A+" to "A." "The conflict in Gaza could last well into 2025 and there are risks of it broadening to other fronts," Fitch said in a ...
This Is Beirut 2024-08-13 16:40 - Reading : 1 minute(s)
Tony Ramy, President of the Syndicate of Owners of Restaurants, Cafes, Night-Clubs & Pastries in Lebanon, published a press release on Tuesday, in which he explains the situation in the restaurant sector following the security escalations and the risk of a full-scale war. This analysis is based on a numerical comparison between July 2023 and ...
Liliane Mokbel 2024-08-13 13:52 - Reading : 2 minute(s)
JP Morgan experts believe that gold and silver are the most promising metals of the year, forecasting that the price of silver will soon surpass $30. While the price of an ounce of silver recently hit a high of $30, a level not seen since 2013, it still hasn't reached its historic peak of $50, recorded in 1980. Deciding between investing in gold ...
This Is Beirut 2024-08-12 18:37 - Reading : less than a minute
Insurance brokers will now be able to deposit the required bank guarantee with the Banque de l'Habitat (BDH) instead of with a commercial bank. The financial institution will be able to issue insurance guarantees on behalf of the Ministry of the Economy, authorizing insurance brokers and representatives to carry out their functions under a ...
This Is Beirut 2024-08-12 18:03 - Reading : less than a minute
The Electricité du Liban (EDL) employees' union officially announced on Monday the suspension of the strike, the resumption of activities, and the commitment of workers and employees to respect the institution's official working hours starting tomorrow, Tuesday, August 13. The Ministry of Finance has agreed, following discussions and meetings, ...
This Is Beirut 2024-08-12 18:01 - Reading : less than a minute
Public truck owners at the Port of Beirut went on the offensive on Monday, calling on the relevant authorities to find a new system to avoid the now-weekly work stoppages at the Port of Beirut. In a statement, they claim that the plot against the Port of Beirut is continuing so that the system breaks down every week and, as a result, the work of ...
This Is Beirut 2024-08-12 14:16 - Reading : 1 minute(s)
Global stock markets regained some confidence on Monday, at the start of a week marked by various releases on the American economy. The Paris stock exchange rose slightly by 0.24% on Monday morning, starting the week cautiously awaiting the publication of key indicators on the state of the US economy and insights into American and Chinese consumer ...
Liliane Mokbel 2024-08-10 10:00 - Reading : 2 minute(s)
The Qlayaat René Mouawad Airport is not intended to compete with Beirut Rafic Hariri International Airport. Its purpose is to address urgent needs in security, logistics, and economic development. The rehabilitation of Qlayaat René Mouawad Airport is contingent upon the approval of the Minister of Public Works and Transport, Ali Hamiyeh, who ...
This Is Beirut 2024-08-09 16:13 - Reading : less than a minute
The Director General of the National Social Security Fund (NSSF/CNSS), Mohammad Karaki, asked the competent financial services to transfer LBP 131 billion to hospitals. This amount is intended to cover the treatment costs of dialysis patients. This sum is in addition to the amounts already paid for these treatments, bringing the total to LBP 800 ...