This is Beirut 2024-10-15 12:20 - Reading : 2 minute(s)
Covid-19 International Monetary Fund
Global public debt is expected to reach a record $100 trillion this year, the IMF said Tuesday, warning that the fiscal outlook for many countries may be even "worse than expected." In its latest report on fiscal policy, the International Monetary Fund said it expects global public debt to hit 93 percent of global gross domestic product (GDP) ...
2024-10-12 13:35 - Reading : 2 minute(s)
Over the years, Lebanon’s conflicts have consistently driven large-scale displacements, whether domestically or internationally. The current war between Israel and Hezbollah has similarly led to a surge in departures to various destinations. While exact figures remain elusive, the numbers are striking. Middle East Airlines (MEA), Lebanon’s ...
2024-10-11 16:33 - Reading : 2 minute(s)
Over a million Lebanese citizens have been forced to leave their homes due to the escalating Israeli bombardments, seeking refuge in safer regions. This phenomenon has led to a significant surge in real estate prices in areas that remain unaffected by the conflict between Hezbollah and Israel. Several factors have contributed to this increase, ...
Liliane Mokbel 2024-10-11 11:05 - Reading : 3 minute(s)
ABL Banks Banque du Liban Central Bank of Lebanon
In its meeting on October 9, 2024, the Central Council of Banque du Liban (BDL) amended main circular No. 166, extending its benefits to depositors who converted their funds from Lebanese pounds to foreign currencies after October 30, 2019. The council also updated main circular No. 147, requiring banks to return outstanding or circulating bank ...
This is Beirut 2024-10-09 22:35 - Reading : 1 minute(s)
Moscow has been supplying gas to Europe through Ukrainian pipeline infrastructure under a 2019 deal that has generated income for both sides. However, Kyiv has stated that it will not renew the agreement when it expires at the end of 2024. When asked whether Azerbaijani gas could replace Russian gas once the deal ends, the Russian Deputy Prime ...
2024-10-09 19:51 - Reading : 1 minute(s)
lebanon crisis war prices food
Nabil Fahed, president of the Supermarket Owners’ Union, revealed that the non-essential commercial sector, meaning non-food-related businesses, is operating at only 5% of its pre-war capacity, experiencing a 95% drop. Additionally, it is facing various challenges, according to him. The closure of the Masnaa border crossing, which connects to ...
Liliane Mokbel 2024-10-09 14:52 - Reading : 3 minute(s)
Lebanese Army airport MEA Lebanon
Lebanese authorities are resolute in their commitment to maintaining the “intact” reputation of BRHIA, ensuring stringent security measures, order and adherence to the law. Furthermore, caretaker Minister of Interior and Municipalities Bassam Mawlawi and caretaker Minister of Transport and Public Works Ali Hamiye emphasized on Monday that ...
Maurice Matta 2024-10-09 08:30 - Reading : 6 minute(s)
Intense daily Israeli airstrikes continue on the southern suburb of Beirut, southern villages, and the Beqaa Valley, while the Israeli side affirms that its war will persist until it eliminates Hezbollah's military and organizational targets. The aim is to inflict as much strategic damage as possible on Hezbollah, including its financial ...
This is Beirut 2024-10-08 19:45 - Reading : 1 minute(s)
The Ministry of Energy announced on Tuesday that Israeli air raids "targeted vital water infrastructure." The main watercourse of the Litani River, which supplies the Qasimiya irrigation project in the Arzi region, was directly hit. In a statement, the Ministry noted that this strategic project draws over 260,000 cubic meters of water per day to ...
This is Beirut 2024-10-08 19:35 - Reading : less than a minute
ABL Banks Banque du Liban Central Bank of Lebanon
The Board of Directors of the Association des Banques du Liban (ABL) met with the First Deputy Governor of the Banque du Liban (BDL), Wassim Mansouri, in the presence of his deputies, to discuss the situation of the banking sector in light of the difficult circumstances facing the country. Participants stressed the need to continue providing ...
2024-10-08 16:15 - Reading : 6 minute(s)
This conflict will inflict particularly harsh consequences on the Lebanese economy in both the short and medium term. Already struggling with a dire economic crisis, Lebanon may experience further deterioration, characterized by rising inflation and increasing unemployment. The heightened tensions have also created a climate of uncertainty that ...
This is Beirut 2024-10-08 13:45 - Reading : less than a minute
The Ministry of Telecommunications released a statement on Tuesday to reassure mobile phone users about certain symbols that may appear on their screens, showing the names of the two mobile network operators, Touch and Alfa. The ministry emphasized that these symbols are not a cause for concern and there are no hacking attempts targeting users’ ...