Christiane Tager 12/03 09:30 - Reading : 2 minute(s)
The Housing Bank (BDH) is set to dramatically increase its loans, raising the amount from $50,000 to $100,000 with support from the Qatari Development Fund. BDH President Antoine Habib confirmed to This is Beirut that “the bank will soon offer $100,000 housing loans to low and middle-income individuals, as well as those with special needs, with ...
This is Beirut 11/03 17:25 - Reading : 3 minute(s)
Donald Trump Republicans United Arab Emirates United States USA
US President Donald Trump announced massive new tariffs on Canadian steel and aluminum Tuesday, while threatening to "shut down" its auto industry and saying the best way to end the trade war was for Washington's ally to be absorbed into the United States. Trump's shock new threats came hours before a midnight deadline for ramping up the ...
This is Beirut 10/03 17:10 - Reading : 2 minute(s)
US Secretary of State USA Marco Rubio USAID
Secretary of State Marco Rubio said Monday the United States was cancelling 83 percent of programs at USAID, as the Trump administration guts spending not aligned with its "America First" agenda. The US Agency for International Development (USAID) distributes humanitarian aid around the world, with health and emergency programs in around 120 ...
This is Beirut 10/03 16:50 - Reading : 3 minute(s)
USA Donald Trump European Union Stock markets China
Stock markets slipped on Monday as investors fretted over the impact of President Donald Trump's trade policy on the economic growth of the United States and China, the world's biggest economies. Wall Street's three main indexes opened in the red, with the tech-heavy Nasdaq falling two percent, after Trump himself declined to rule out the risk of ...
Liliane Mokbel 08/03 22:05 - Reading : less than a minute
In 2024, a total of 8,226 new cars were sold, representing a 25.05% increase compared to the 6,578 units sold in 2023, according to the International Chamber of Navigation of Beirut. However, despite this growth, the market for new car imports remains significantly below pre-2018 levels. By comparison, 21,991 vehicles were sold in 2019, 33,012 ...
This is Beirut 08/03 09:40 - Reading : 3 minute(s)
Donald Trump Europe New York USA
Global stocks were mixed Friday as President Donald Trump's unpredictable tariff tinkering weighed down sentiment even as Wall Street stocks shot higher following reassuring comments from the head of the Federal Reserve. After a down day in Europe, US stocks looked poised for another rocky round following mixed employment data. Briefing.com ...
This is Beirut 08/03 09:40 - Reading : 4 minute(s)
Donald Trump USA Washington White House
US President Donald Trump imposed vast tariffs this week on key partners Canada and Mexico, roiling cross-border ties before offering temporary relief to manufacturers—but with more levies kicking in next week, the respite may be fleeting. US companies faced a series of duties starting Monday, with Trump doubling an additional levy on ...
This is Beirut 07/03 19:10 - Reading : 2 minute(s)
PMI Purchasing Managers’ Index BlomInvest February 2025 Blom Business Bank
The PMI (Purchasing Managers’ Index) published by BlomInvest for February 2025 revealed that business activity among Lebanese private sector companies recorded new growth. Commenting on the results, Mira Said, Chief Research Analyst at Blom Business Bank, noted that the PMI slightly declined from 50.6 points in January 2025 — its highest ...
Liliane Mokbel 07/03 19:05 - Reading : 2 minute(s)
Lebanon 2025 Budget Yassin Jaber
The massive surtax on alcoholic beverages proposed in the 2025 budget has sparked outrage among hotel and restaurant owners, who fear it will negatively impact consumption and, consequently, their businesses and the overall tourism sector. The tax rates have been multiplied by 225 and up to 750 times, which is utterly staggering. This tax hike is ...
This is Beirut 07/03 19:00 - Reading : 1 minute(s)
Lebanon economy trade digital transformation
The Minister of Economy and Trade, Amer Bsat, announced in a statement the launch of a new electronic service that allows market and exhibition organizers in Lebanon to submit their license applications online. This initiative is part of the ministry's digital transformation project, aimed at simplifying procedures and enhancing ...
This is Beirut 07/03 18:45 - Reading : 1 minute(s)
Yassine Jaber Economy Budget 2025 finance eurobonds european union sandra de waele
Finance Minister Yassine Jaber affirmed on Friday that the 2026 budget plan would include measures aimed at ensuring financial regularity while paving the way for increased spending in social sectors. He emphasized that this budget would highlight the government’s development strategies and priority reform objectives. Among the measures planned ...
This is Beirut 07/03 18:25 - Reading : 3 minute(s)
Donald Trump White House USA Republicans cryptocurrency
Donald Trump on Friday hosts top cryptocurrency players at the White House, a political boost for an industry that has struggled to gain legitimacy -- and where the Republican president faces conflict of interest concerns. US crypto investors were major supporters of Trump's presidential campaign, contributing millions of dollars toward his ...