This is Beirut 20/01 11:05 - Reading : 2 minute(s)
Bitcoin hit a record high above $109,000 on Monday as Donald Trump, who has signalled plans to deregulate the cryptocurrency sector, prepares to be sworn in as US president. Bitcoin surged to an all-time peak of $109,241 ahead of Trump's inauguration ceremony, before falling back to around $107,500. The world's biggest cryptocurrency has soared ...
This is Beirut 19/01 14:55 - Reading : 2 minute(s)
Donald Trump Trade war Europe Tariffs
A trade war with the United States “is very likely” under the presidency of Donald Trump, with negative consequences for activity and prices, warned a senior official of the European Central Bank (ECB) on Sunday. Tariffs have played “a central role in the communication of Donald Trump," who will be inaugurated president on ...
This is Beirut 17/01 13:15 - Reading : less than a minute
The National Social Security Fund (NSSF) disclosed on Friday its provision of a 27 billion Lebanese pound advance to hospitals, bringing the total amount disbursed since the start of the year to approximately 52 billion pounds. These transfers reflect the NSSF's steadfast commitment to making monthly payments to hospitals, ensuring they can ...
This is Beirut 17/01 13:05 - Reading : 2 minute(s)
The US Agency for International Development (USAID) announced in a statement issued by the US Embassy in Beirut that it has initiated a new five-year project named "Strengthening Local Agricultural Systems in Lebanon (ELSA)" with a budget of $10 million, commencing on October 1, 2024. The primary goal of this endeavor is to cultivate agricultural ...
This is Beirut 17/01 12:40 - Reading : 2 minute(s)
Banks Covid-19 Europe Middle East World Bank
Global growth should remain stable this year and next, but at recent historic lows, the World Bank said Thursday, expressing particular concern about growth in developing countries. Growth should hit 2.7 percent in 2025 and 2026, in line with the level reached last year, the World Bank announced in a new report, adding that inflation and interest ...
This is Beirut 17/01 12:30 - Reading : 1 minute(s)
London's benchmark FTSE 100 index reached an all-time high in early trading Friday, lifted by renewed optimism over the global economy. The index jumped 1.0 percent to 8,475.35 points, slightly surpassing a record achieved in May last year. Around 0900 GMT, it stood at 8,472.67 points. British stocks have been boosted in recent days by a drop ...
This is Beirut 17/01 12:25 - Reading : 4 minute(s)
China posted one of its slowest rates of economic growth in decades Friday, as leaders nervously eye a potential trade standoff with incoming US president Donald Trump. Beijing has announced in recent months its most aggressive support measures in years in a bid to reignite an economy suffering on multiple fronts, including a prolonged property ...
This is Beirut 17/01 12:15 - Reading : 1 minute(s)
EU crisis management chief Hadja Lahbib announced a 235 million euro aid package for Syria and neighbouring countries on Friday during the first visit by a senior EU official since Bashar al-Assad's ouster. "I come here to announce to a new package of humanitarian aid of 235 million euros ($242 million) in Syria and in neighbouring countries," ...
This is Beirut 17/01 11:25 - Reading : less than a minute
The CEO of Banque de l’Habitat (BDH), Antoine Habib, along with board member Tawfiq Naji, recently engaged in discussions at the Qatari Embassy in Beirut regarding the bank's operations and housing loan programs tailored for Lebanese individuals with limited and moderate incomes. The discussions primarily focused on Habib's upcoming trip to ...
This is Beirut 16/01 17:25 - Reading : less than a minute
The Syndicate of Mobile Phone Operators’ Employees in Lebanon announced that Caretaker Telecommunications Minister Johnny Corm has ruled out any promotions or salary increases for the time being. In a statement issued on Thursday, Corm clarified that no promotions or new job opportunities were under consideration but reaffirmed employees’ ...
This is Beirut 16/01 17:05 - Reading : less than a minute
Caretaker Energy Minister Walid Fayad announced that the Zouk and Jiyeh power plants are set to resume operations next week, a move expected to boost Lebanon’s electricity generation capacity to 800 megawatts. In a press statement issued on Thursday, Fayad noted that this increase would provide an additional two hours of electricity per day, ...
This is Beirut 16/01 10:35 - Reading : less than a minute
Nuclear-powered electricity generation is set to hit a record level in 2025, accounting for nearly 10 percent of global production, the International Energy Agency forecast on Thursday. The leading energy monitor said in a report that 70 gigawatts of new generating capacity were under construction worldwide – one of the highest levels in 30 ...