Economy

Qaraoun Lake: Lebanon’s Silent Ecological Disaster
Figure of the weekQaraoun Lake: Lebanon’s Silent Ecological Disaster

Every year, an estimated 50 million cubic meters of domestic wastewater are discharged into Lake Qaraoun. Added to this are 2 million cubic meters of industrial wastewater, as well as waste from Syrian migrant camps established by the state along the riverbanks. This toxic mix is putting one of Lebanon’s largest freshwater reservoirs at serious ...

US Gas: Washington Secures Its Place in Europe’s Energy Market
US Gas: Washington Secures Its Place in Europe’s Energy Market

For more than two years, Europe has sought to reduce its reliance on Russian gas, an effort accelerated by the war in Ukraine and rising geopolitical tensions. According to RFI, European firms, long hesitant to commit to long-term deals, are now turning to US liquefied natural gas (LNG) to secure reliable supplies. This shift represents a ...

Tesla Strikes Back at BYD with More Affordable Models
Tesla Strikes Back at BYD with More Affordable Models

After being overtaken in 2025 by Chinese giant BYD, now the world’s leading electric vehicle manufacturer, Tesla is moving to regain lost ground. According to Reuters, Elon Musk’s company has launched new “Standard” versions of its flagship models in the United States: the Model 3 starting at $36,990 and the Model Y at $39,990. The ...

Paris Fashion Week: Where Style Pays Off
Paris Fashion Week: Where Style Pays Off

Every year, the French capital doesn’t just host the world’s top fashion shows; it drives the industry’s economy. According to the Fédération de la Haute Couture et de la Mode, Paris Fashion Week generates around €1.2 billion in economic impact for the city. Over several weeks, more than 110 haute couture and ready-to-wear shows unfold, ...

China’s Pure Gold: From Luxury to Investment
China’s Pure Gold: From Luxury to Investment

Could there be synthetic gold, distinct from naturally mined gold, similar to lab-grown diamonds? The question is intriguing, and the answer is nuanced. China has developed a new type of gold called “Hard Pure Gold,” a breakthrough that could transform the global jewelry market and strengthen Beijing’s influence in the gold trade. With a ...

Foreign Competition Chokes Lebanese Agriculture
Foreign Competition Chokes Lebanese Agriculture

With fields overflowing and fridges full, Lebanon’s potato and poultry producers are pleading with the government: curb chaotic imports, reopen land exports to Arab markets and guarantee fair prices to ensure their survival. The situation is both serious and absurd. In the agricultural sector, the talk is no longer about the weather but about ...

Lebanon Connects to the Stars with Starlink
Lebanon Connects to the Stars with Starlink

In a country where a simple power outage can plunge entire neighborhoods offline, this marks a major turning point for a telecommunications sector long lagging behind and an ambitious gamble: connecting a fragmented country, from southern villages to northern towns and through downtown Beirut, not with cables but with stars. On Wednesday, October ...

Commercial Leases: Pharmacists Call for Amendments to Prevent Chaos
Commercial Leases: Pharmacists Call for Amendments to Prevent Chaos

The recently enacted commercial lease law in Lebanon is far from being universally welcomed, particularly among pharmacists, who have voiced strong opposition to its provisions. In late October, the Lebanese Order of Pharmacists submitted a proposal to the Parliamentary Committee on Administration and Justice, seeking amendments to what they view ...

Bitcoin Reserves on Exchanges Plunge to Lowest Level Since 2019
Bitcoin Reserves on Exchanges Plunge to Lowest Level Since 2019

Bitcoin, long hailed as “digital gold,” is showing signs of becoming increasingly scarce on major trading platforms. According to Matthew Sigel, head of digital research at investment firm VanEck, exchange reserves are “almost out of Bitcoin,” a phenomenon not seen in seven years. His comments, relayed by TradingView, suggest that ...

BIA: 10% Rise in Passenger Traffic
BIA: 10% Rise in Passenger Traffic

Beirut International Airport (BIA) is showing clear signs of recovery, with passenger numbers climbing steadily in 2025. According to data published in Byblos Bank’s Lebanon This Week bulletin, 5.41 million passengers passed through the airport between January and September 2025, a 10.2% increase compared to 4.88 million during the same period ...

Port of Beirut Sets Record Container Volume
Port of Beirut Sets Record Container Volume

The Port of Beirut achieved a major milestone on October 5, 2025, handling its highest container volume since operations began in 2004. Omar Itani, Chairman of the Port’s Board of Directors, announced on Wednesday that 10,166 standard containers (TEUs) were processed on October 5 aboard the CMA CGM ARGON, a new-generation methanol-powered ...