Liliane Mokbel 25/01 12:00 - Reading : less than a minute
In 2024, out of the 2,000,000 vehicles in Lebanon's automotive fleet, 800,000 are not registered with the Vehicle Registration Department and, as a result, lack mandatory auto liability insurance. This means there is roughly one car for every two residents, in a country where public transportation is virtually non-existent. The mandatory ...
This is Beirut 24/01 19:30 - Reading : 4 minute(s)
Paris Donald Trump dollar New York
Global stocks diverged on Friday as investors weighed corporate earnings, economic data and President Donald Trump's policies. Meanwhile the US dollar lost more than one percent against the euro and pound following the US president's comments about not wanting to impose tariffs on China and calling for lower interest rates. The S&P 500 edged ...
This is Beirut 24/01 16:00 - Reading : 2 minute(s)
International Monetary Fund Europe USA Donald Trump Davos
With the European economy lagging behind the United States, the head of the International Monetary Fund had a piece advice for the continent on Friday: "Believe in yourself." There was much handwringing about Europe losing its competitive edge at the World Economic Forum in Davos this week, with the European Union racing to act to catch up with ...
This is Beirut 24/01 15:25 - Reading : 2 minute(s)
Business activity in the eurozone bounced back in January after a two-month contraction, as the pace of decline eased in the manufacturing sector, a closely watched survey showed Friday. The HCOB Flash Eurozone purchasing managers' index (PMI) published by S&P Global registered a figure of 50.2 for the single-currency area, after 49.6 in ...
This is Beirut 24/01 15:20 - Reading : 3 minute(s)
Formula One International Monetary Fund Saudi Arabia Davos Diplomacy
Two buildings branded "Saudi House" and "Saudi At Davos" stand out on the chic main street of the Swiss Alpine village hosting the World Economic Forum, showcasing the kingdom's growing presence at major international events. Saudi officials and business leaders make the annual pilgrimage to the meeting of the world's global elites every year, ...
This is Beirut 24/01 15:10 - Reading : 2 minute(s)
Japan's much-loved "tonkatsu" pork cutlets come with a mound of freshly shredded cabbage, but a surge in the price of the humble vegetable has prompted chef Katsumi Shinagawa to skimp on servings. The culprit is a changing climate. Last year's record summer heat and heavy rain ruined crops, driving up the cost of the leafy green in what media ...
This is Beirut 23/01 21:25 - Reading : 1 minute(s)
climate drought lebanon Agriculture
On Thursday, caretaker Minister of Agriculture Abbas al-Hajj Hassan launched Lebanon’s National Drought Management Plan, in collaboration with the Arab Organization for Agricultural Development. This plan is the first of its kind in Lebanon’s efforts to combat drought, positioning Lebanon among the last Arab countries to implement such a ...
This is Beirut 23/01 17:00 - Reading : 1 minute(s)
The management teams of mobile operators Alfa and Touch, along with the employee union, have developed a clear vision to address issues that have remained unresolved for nearly a year, including the signing of the collective labor agreement and salary adjustments. During a Thursday meeting between the management of Alfa and Touch and members of ...
This is Beirut 23/01 16:25 - Reading : 4 minute(s)
US Treasury Economy Syria imports foreign trade
When Bashar al-Assad ruled Syria, merchants like Youssef Rajab kept much of their imported stock hidden for fear of arrest for breaking the law. But after an Islamist-led coalition toppled Assad in a lightning offensive last month, Rajab put previously banned foreign goods such as chocolate, biscuits and shampoo back on the shelf. Such products ...
This is Beirut 23/01 16:25 - Reading : 1 minute(s)
Turkey's central bank on Thursday lowered its key interest rate to 45 percent after inflation weakened further last month, though it said prices could have started rising again in January. The move came after the central bank cut its rate for the first time in two years in December, saying its efforts to tame sky-high inflation were starting to ...
This is Beirut 23/01 14:45 - Reading : 2 minute(s)
Donald Trump United Nations Republicans UN-Climate Michael Bloomberg
After Donald Trump’s announcement of a new U.S. withdrawal from the Paris Climate Agreement, American billionaire Michael Bloomberg committed on Thursday to cover, on behalf of the federal government, any unpaid U.S. contributions to the UN Climate body. Just like during Trump's first term, the businessman, who is opposed to the Republican and ...
This is Beirut 23/01 13:50 - Reading : 2 minute(s)
Central Bank of Lebanon Balance sheet of BDL Foreign Reserve Assests
According to the balance sheet of Lebanon’s Central Bank (BDL), the Bank’s total assets declined by 13.44% annually, to reach $93.22 billion by mid-January 2025, under the 89,500 LBP/USD official rate maintained by BDL since February 1, 2024. The fall was mainly due to the 80.60% and 24.49% year-on-year (YOY) drop in deferred open market ...