This is Beirut 2024-11-07 17:45 - Reading : 2 minute(s)
The national emergency plan, the humanitarian and health situation and the aid distribution mechanism were discussed at a participatory working meeting held by the Economic, Social and Environmental Council (ESEC) on Thursday with the coordinators of the Emergency Committee, caretaker Environment Minister Nasser Yassin and caretaker Health ...
Christiane Tager 2024-11-06 18:25 - Reading : 3 minute(s)
Donald Trump Dollar Elon Musk Oil prices
Global markets responded enthusiastically to Donald Trump’s victory as President of the United States. The US 10-year Treasury yield spiked above 4.4%, climbing 15 basis points overnight, while Wall Street opened with strong gains after the Republican win. Dow Jones futures surged 1,100 points pre-market, and Bitcoin broke past the $75,000 mark, ...
Maurice Matta 2024-11-06 12:25 - Reading : 5 minute(s)
Democrats Donald Trump Republicans United States USA White House
The US elections extend beyond domestic concerns; their impact resonates worldwide due to the United States' power, wealth, and influence. With a gross domestic product approaching $28.8 trillion, the US is at the heart of global information, capital, goods, and services flows. Therefore, understanding the potential ramifications of the elections ...
This is Beirut 2024-11-06 09:45 - Reading : 3 minute(s)
Donald Trump Republicans bitcoin dollar
The dollar surged and bitcoin hit a record high Wednesday as traders bet on a victory for Donald Trump as he picked up key swing states needed to take the White House, ramping up bets on fresh tax cuts, tariffs and rising inflation. While polls had shown the race on a knife edge, the Republican appeared to be faring better than his Democratic ...
This is Beirut 2024-11-05 21:45 - Reading : 2 minute(s)
The Purchase Managers Index (PMI), published by BlomInvest, registered 45 points in October 2024, down from 47 in the previous month in Lebanon. This is the lowest figure in forty-four months. Business confidence also fell to its lowest level in sixteen months. Commenting on the figures, Fadi Osseiran, Managing Director of Blom Business Bank, ...
Liliane Mokbel 2024-11-05 18:40 - Reading : 3 minute(s)
Amal Central Bank of Lebanon Displaced
The Shiite duo (Amal-Hezbollah) reportedly has its sights set on the funds in Lebanon's Treasury Account 36 to support the displaced. This account comprises funds collected by the Lebanese state, primarily from taxes, customs duties, donations and other sources of public revenue. Recently, Hezbollah and Amal MPs and ministers, including Hussein ...
Johnny Ftouhi 2024-11-05 14:35 - Reading : 6 minute(s)
Central Bank of Lebanon Economic losses war cost
Lebanon is undergoing an unprecedented economic collapse, worsened by the recent war, which deepened the financial crisis that began in 2019 when the state declared bankruptcy, and banks, along with the Central Bank (BDL), faltered. The financial sector’s collapse triggered a widespread crisis, affecting every facet of economic and daily life. ...
This is Beirut 2024-11-05 11:50 - Reading : 3 minute(s)
Asian markets mostly rose Tuesday, a day before results from the US presidential election rolled in, with opinion polls showing a knife-edge vote, while Chinese equities were boosted by hopes over the country's economy. Uncertainty about the outcome and worries that the winner might not be known for days has led to warnings that investors could ...
This is Beirut 2024-11-04 19:25 - Reading : 2 minute(s)
Economy Lebanon SME's Private sector
The board of directors of the International Movement of Lebanese Business Leaders (Midel), chaired by Fouad Zmokhol, held an extraordinary meeting on Monday to discuss the survival of private-sector businesses during the ongoing war. Participants noted that “the majority of productive sectors have lost all resilience,” stressing that “the ...
This is Beirut 2024-11-04 17:30 - Reading : less than a minute
As a result of Israeli bombardment, the total value of used cars damaged in Lebanon has reached $50 million, according to the president of the union of used car importers in Lebanon, Elie Azzi. Azzi specified that "documents quantifying these losses are being prepared and will be submitted to the Higher Relief Commission." Additionally, more ...
This is Beirut 2024-11-02 20:20 - Reading : less than a minute
Lebanon is witnessing a high demand for gold despite the ongoing war and economic crisis. Jewelry sellers and economic experts reveal the reasons behind this trend.
Christiane Tager 2024-11-01 20:00 - Reading : 3 minute(s)
Lebanon, a country with undeniable economic potential, has been experiencing a period marked by conflicts and socio-economic crises for several years. Beyond the human and material losses resulting from these events, it is essential to reflect on the missed opportunities that could have transformed the country's landscape and repositioned it on ...