This is Beirut 28/01 16:25 - Reading : less than a minute
The Lebanese Regie for Tobacco and Tombacs achieved a 7% rise in sales and a 14% increase in revenues in 2024, despite Lebanon’s ongoing economic and political challenges, according to its chairman and director, Nassif Seklaoui. Speaking at a retirement event for employees, Seklaoui highlighted the organization’s resilience and ambitious ...
This is Beirut 28/01 15:30 - Reading : 1 minute(s)
Boeing reported a hefty fourth-quarter loss Tuesday following a bruising 2024 that included a lengthy labor strike, major safety issues on commercial planes and defense contract cost overruns. The US aviation giant reported a fourth-quarter loss of $3.9 billion, putting the full-year loss at $11.8 billion. Revenues in the fourth quarter were ...
This is Beirut 27/01 20:05 - Reading : 4 minute(s)
Donald Trump Europe United States AI Nvidia
US chip-maker Nvidia led a rout in tech stocks Monday after the emergence of a low-cost Chinese generative AI model that could threaten US dominance in the fast-growing industry. The chatbot developed by DeepSeek, a startup based in the eastern Chinese city of Hangzhou, has apparently shown the ability to match the capacity of US AI pace-setters ...
This is Beirut 27/01 13:40 - Reading : less than a minute
The President of the Republic, Joseph Aoun, emphasized that resolving the issue of deposits requires “coordinated efforts.” He made these comments during a discussion with a delegation from the Association of Banks in Lebanon (ABL), led by its president, Salim Sfeir. President Aoun stated that “resolving the banking crisis requires ...
This is Beirut 27/01 13:30 - Reading : less than a minute
Jean Gebran, the Director General of the Beirut and Mount Lebanon Water Authority, issued a dire warning about the water situation in Lebanon. He stressed that, without rain or snow, the country could face a major water crisis this summer. He stated, “Lebanon is experiencing its worst crisis due to the lack of rainfall and snow,” further ...
This is Beirut 27/01 13:20 - Reading : less than a minute
The Director-General of the National Social Security Fund (NSSF), Mohammad Karaki, made a request to the relevant financial services for the transfer of 16 billion Lebanese pounds to hospitals, bringing the total amount paid to hospitals since the beginning of January to 68 billion Lebanese pounds. These transfers are part of the NSSF’s ...
This is Beirut 27/01 13:05 - Reading : 4 minute(s)
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Asian markets mostly fell Monday on fresh trade fears after Donald Trump's threat to impose huge tariffs on Colombia in retaliation for its refusal to accept deportation flights from the United States. Traders were also assessing the impact of a new, cheaper Chinese generative AI programme amid claims it can outperform big-name rivals and worries ...
This is Beirut 26/01 19:00 - Reading : 1 minute(s)
On the occasion of International Education Day, on the 24th of January, CMA CGM Foundation emphasized its support for the training and professional integration of Lebanese youth who have faced academic disengagement or unemployment, in order to help secure their future. Three programs have been designed to meet the needs of businesses in three ...
Liliane Mokbel 26/01 17:30 - Reading : 3 minute(s)
The scandal of “electoral hiring” in the public sector is not a new phenomenon. What drives these “hunters of ghost jobs” is less the salary than the associated perks: generous bonuses, discretionary spending, allowances for occasional assignments, representation expenses, and even travel indemnities for overseas trips, often handed out ...
Christiane Tager 25/01 15:00 - Reading : 4 minute(s)
Lebanon Economy Saudi Arabia KSA
Saudi Arabia has traditionally been a key economic partner for Lebanon. Before the 2021 decline in relations, largely driven by the Hezbollah issue, Lebanese exports to the Kingdom were substantial, particularly in agriculture, food products, textiles, and handicrafts. These exports were a vital source of foreign currency for Lebanon's economy. ...
Liliane Mokbel 25/01 12:00 - Reading : less than a minute
In 2024, out of the 2,000,000 vehicles in Lebanon's automotive fleet, 800,000 are not registered with the Vehicle Registration Department and, as a result, lack mandatory auto liability insurance. This means there is roughly one car for every two residents, in a country where public transportation is virtually non-existent. The mandatory ...
This is Beirut 24/01 19:30 - Reading : 4 minute(s)
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Global stocks diverged on Friday as investors weighed corporate earnings, economic data and President Donald Trump's policies. Meanwhile the US dollar lost more than one percent against the euro and pound following the US president's comments about not wanting to impose tariffs on China and calling for lower interest rates. The S&P 500 edged ...