Economy

Abboud: Some Foreign Airlines Could Resume Service to BIA
Abboud: Some Foreign Airlines Could Resume Service to BIA

The President of the Association of Travel and Tourist Agents in Lebanon, Jean Abboud, has revealed that even though the ceasefire is now in force, Arab and foreign airlines will not be able to resume direct service to Beirut International Airport. He told This is Beirut that Lebanon had “not yet received any information or feedback from ...

Hamiye: Rehabilitation of Masnaa Crossing Has Begun
Hamiye: Rehabilitation of Masnaa Crossing Has Begun

Caretaker Minister of Public Works and Transport Ali Hamiye posted on his X account that contractors affiliated to his ministry had initiated work to restore and reopen the Masnaa crossing, a key border point between Lebanon and Syria. Masnaa serves as a vital conduit for the transit of people and goods between the two countries, playing a ...

The Toll of a Devastating Conflict
Numbers & FiguresThe Toll of a Devastating Conflict

Lebanon finds itself once again at the heart of an exorbitantly costly conflict. The war between Israel and Hezbollah is not limited to military confrontation; it inflicts colossal damage on a country struggling to recover. Destroyed infrastructure, a paralyzed economy, and displaced populations — this conflict’s repercussions far exceed the ...

Record Tariffs: Trump Targets China, Canada, and Mexico
Record Tariffs: Trump Targets China, Canada, and Mexico

US President-elect Donald Trump said Monday he intends to impose sweeping tariffs on goods from Mexico, Canada and China, prompting a swift warning from Beijing that "no one will win a trade war." In a series of posts to his Truth Social account, Trump vowed to hit some of the United States' largest trading partners with duties on all goods ...

Kreidieh: “Network is Working Almost Normally”
Kreidieh: “Network is Working Almost Normally”

Imad Kreidieh, Managing Director of Ogero, a public telephone and Internet operator, declared on Tuesday that “the network of the Ministry of Telecommunications and Ogero continues to operate almost normally in non-bombed areas.” Kreidieh also assured that if the sea cables were severed, there would be another way for the Lebanese government ...

Flames of War Devastate 65,000 Olive Trees
Figure of the weekFlames of War Devastate 65,000 Olive Trees

The Food and Agriculture Organization of the United Nations (FAO) reports that 70% of the Lebanese agricultural sector has been affected, both directly and indirectly. Thousands of hectares have been completely or nearly destroyed, and 65,000 olive trees have been fully burned due to white phosphorus bombings, which are prohibited under ...

Bitcoin Nears $100K: Will Trump Boost Crypto?
ChronicleBitcoin Nears $100K: Will Trump Boost Crypto?

On Thursday, Bitcoin surged past $98,000, raising its market capitalization to $1.9 trillion. This rally reflects expectations of robust legislative and executive support for the crypto sector, bolstered by Republican victories in the White House and Congress. The cryptocurrency market, including “meme coins” like Dogecoin, continues to surge ...

Hajj Hassan: Aerial Study With FAO Reveals 70% Devastation in Agricultural Sector
Hajj Hassan: Aerial Study With FAO Reveals 70% Devastation in Agricultural Sector

Caretaker Minister of Agriculture Abbas Hajj Hassan highlighted the extensive damage to Lebanon's agricultural sector, estimated at around 70%, based on an aerial study conducted in collaboration with the Food and Agriculture Organization (FAO) to assess the losses.  He emphasized that Israeli bombardments have caused significant destruction, ...

Most Asian Markets Track Wall St Gains, Bitcoin Closes on $100,000
Most Asian Markets Track Wall St Gains, Bitcoin Closes on $100,000

Most Asian markets gained Friday after a bounce on Wall Street, while bitcoin continued its march higher to move within touching distance of the $100,000 mark. Rising geopolitical tensions tempered the atmosphere and pushed oil higher after Russia hit Ukraine with a new-generation intermediate-range missile and sent a warning to the West. The ...

Free Mobile Internet for Public Sector Students and Teachers
Free Mobile Internet for Public Sector Students and Teachers

Teachers and students in public institutions can now take advantage of a free 20 GB package from mobile providers Alfa and Touch. Alfa and Touch have started offering a free 20 GB package to teachers and students whose names are on the Ministry of Education’s lists, according to a press statement released by the Ministry of Telecommunications ...

Fayad: Fuel Distribution to Shelters Within Hours
Fayad: Fuel Distribution to Shelters Within Hours

The Ministry of Energy will start distributing diesel fuel to shelters hosting displaced people in the coming hours in anticipation of a severe drop in temperature forecast for next week. Caretaker Energy Minister Walid Fayad said in an interview with Voice of All Lebanon Radio on Thursday that the ministry is seeking to speed up the distribution ...

Assessment of Infrastructure Damage: A Collaboration Between the Government and the World Bank
ExplainerAssessment of Infrastructure Damage: A Collaboration Between the Government and the World Bank

Even before rebuilding residential and commercial units, priority will be given to restoring infrastructure as soon as hostilities end. This step is crucial to reestablishing the normal functioning of the social and economic fabric within any community. In this context, the caretaker government led by Najib Mikati, with the support of the World ...