Liliane Mokbel 23/02 12:20 - Reading : 2 minute(s)
In a note titled “A New Era: The Urgency of Deep Reforms,” the Institute of International Finance (IIF) emphasizes that there is still hope for Lebanon. It outlines two possible scenarios: limited reforms or comprehensive reforms. According to its estimates, Lebanon’s economy shrank by 38% between 2018 and 2024, while the investment-to-GDP ...
Liliane Mokbel 22/02 12:00 - Reading : less than a minute
Central Bank of Lebanon Public Administration Positions
113 senior positions within Lebanon's central administration are currently vacant and filled on an interim basis, according to sources close to the Grand Serail. This number is expected to increase by the end of 2025. Among the key positions to be filled are the Governor of the Central Bank (BDL), the Commander-in-Chief of the Army, and the ...
Christiane Tager 21/02 22:05 - Reading : 4 minute(s)
Hezbollah Israel European Union Gulf Damage War
$14 billion! That is the historic and no less colossal amount of damage caused by the conflict between Hezbollah and Israel. This sum includes both material damage and economic losses. The reconstruction costs are estimated at around $12 billion. For Nassib Ghobril, chief economist at Byblos Bank, economic losses amount to at least $3 ...
This is Beirut 21/02 15:30 - Reading : 2 minute(s)
Lebanon Iran Beirut Banque du Liban Custom fees
Finance Minister Yassine Jaber assured that there will be no increase in customs fees or taxes, while emphasizing that the state will ensure the collection of all its dues. Jaber emphasized that one of the prerequisites for an agreement with the International Monetary Fund (IMF) is combating customs fraud. He added that the state must strengthen ...
This is Beirut 21/02 15:25 - Reading : less than a minute
The Central Administration of Statistics (CAS) reported on Friday that Lebanon’s Consumer Price Index for January 2025 recorded a 1.1% increase, following a 0.18% decline in September 2024 compared to August 2024. This was the first increase in over a year, after record surges in 2023 (33.27% in March and 5.35% in May). However, the index saw a ...
Maurice Matta 21/02 11:00 - Reading : 3 minute(s)
In line with the Lebanese Central Bank (BDL) policy to raise withdrawal limits, and following consultations with President General Joseph Aoun, House Speaker Nabih Berri, Prime Minister Nawaf Salam and Finance Minister Yassine Jaber, BDL’s Central Council decided earlier this week to increase the ceiling under Circular No. 158 to $500 per month ...
Christiane Tager 20/02 22:30 - Reading : 2 minute(s)
Lebanon Economy Banks Central Bank
In a highly anticipated move, Lebanon’s Central Bank (BDL) announced on Wednesday an increase in the withdrawal limits for Circulars 158 and 166, raising them to $500 and $250 per month, respectively, effective March 1. While the decision was welcomed by depositors, it has sparked concerns over its cost and potential impact on BDL’s reserves ...
Tony Abi Najem 20/02 21:50 - Reading : 4 minute(s)
Banks Central Bank of Lebanon Hezbollah
The article written by Albert Kostanian, published on al-Modon’s website and titled “Announcing Defeat,” stood out. He begins with the statement: “After nearly six years of media and technical battles, the time has come to announce defeat.” In this article, where every sentence could be analyzed, it is important to focus on several key ...
Liliane Mokbel 20/02 21:18 - Reading : 3 minute(s)
The illegal trafficking of goods between Lebanon and Syria has been a longstanding issue. Despite the collapse of Bashar al-Assad’s regime, little progress has been made, even with the United Kingdom’s assistance to Lebanon in securing its borders, notably through the construction of surveillance towers along the northern and eastern ...
This is Beirut 20/02 17:50 - Reading : less than a minute
Lebanon has received key recommendations from the World Bank (WB) concerning the country’s reconstruction efforts. According to information reported by LBCI, in a recent meeting at the Grand Serail, members of the WB delegation stressed the need to establish a dedicated reconstruction fund, along with reforms to ensure financial ...
This is Beirut 20/02 16:15 - Reading : 2 minute(s)
The European Central Bank on Thursday reported a record loss in 2024 after it had aggressively hiked eurozone interest rates in response to soaring inflation. The ECB lost 7.9 billion euros ($8.3 billion) last year, the second straight year the Frankfurt-based institution has been in the red. In 2023, the central bank was down 1.3 billion euros, ...
Maurice Matta 20/02 10:00 - Reading : 4 minute(s)
Salaries and wages of public sector employees and workers: a pending issue whose resolution is tied to the beginning of the new mandate… These employees have already received promises that have not materialized, the latest being from the previous government led by Najib Mikati, which promised a new salary scale—never adopted—last June. Many ...