This Is Beirut 2024-10-02 16:09 - Reading : less than a minute
Caretaker Minister of Public Works and Transport Ali Hamiye announced after Wednesday’s Cabinet meeting that the government plans to cover Middle East Airlines' (MEA) insurance to ensure its continued operation. Hamiye also confirmed that he has contacted port authorities and customs officials to expedite and enhance the customs clearance ...
This Is Beirut 2024-10-02 13:59 - Reading : 1 minute(s)
Two transmission stations belonging to the mobile phone operator Alfa were completely destroyed on Wednesday due to Israeli bombings in the southern suburb of Beirut. Alfa announced that it is implementing the necessary technical and operational measures to ensure service continuity and alleviate the increased strain on the network, particularly ...
2024-10-02 13:23 - Reading : 3 minute(s)
Israeli airstrikes are disrupting supply chains in Lebanon, making it difficult to access essential goods in the affected areas. Yet, the resilient Lebanese people are finding ways to organize and adapt. The supply of food, medicine and fuel in the bombed regions of Lebanon has been severely disrupted by the ongoing conflict between Hezbollah and ...
Maurice Matta 2024-10-02 11:54 - Reading : 3 minute(s)
On October 1, 2024, a new directive from acting Lebanese Central Bank (BDL) Governor Wassim Mansouri, following a Central Council resolution on September 25, 2024, came into force. The order compels banks to triple cash withdrawal limits for beneficiaries of Circulars 158 and 166 throughout October. This exceptional, one-time decision ...
This Is Beirut 2024-10-01 11:18 - Reading : less than a minute
During its meeting on Monday, the Council of Ministers approved new financial aid for the public sector. This assistance will be provided in October, November, and December to "boost productivity among public sector employees" pending the approval and implementation of a new salary scale. Starting October 1st, public sector employees will receive ...
2024-09-27 10:09 - Reading : 2 minute(s)
French President Emmanuel Macron and Canadian Prime Minister Justin Trudeau expressed on Thursday their shared vision, from working towards "open and decarbonized" economies, promoting the French language, to calling for a ceasefire in Lebanon. This visit by the French President, his second since he came to power, was also an opportunity for the ...
This Is Beirut 2024-09-27 09:38 - Reading : less than a minute
The Ministry of Finance announced that the Departments of Expenditure and Treasury, with the combined efforts of employees, have transferred all salaries of public sector employees and all military corps, as well as the pensions of military and civilian pensioners, to the Central Bank. Beneficiaries will be able to withdraw their salaries from ...
Liliane Mokbel 2024-09-26 20:20 - Reading : 2 minute(s)
In the aftermath of an absurd war, presented as support for Gaza, the Banque du Liban (BDL) and the Lebanese government have once again been compelled to rely on palliative solutions in the absence of more radical alternatives. In a memo signed by BDL Acting Governor Wassim Mansouri, banks have been instructed to provide beneficiaries of ...
Hala Abdallah 2024-09-26 15:09 - Reading : less than a minute
Since the conflict in Lebanon escalated, some businesses have reportedly inflated prices and caused shortages. Here's how you can report to the Ministry of Economy and help stop price manipulation.
This Is Beirut 2024-09-25 17:16 - Reading : less than a minute
Interim Governor of Lebanon's Central Bank, (BDL) Wassim Mansouri issued a statement on Wednesday in which he announced his decsion to ask commercial banks to make a one-off exceptional payment of three monthly installments to the beneficiaries of circulars 158 and 166 at the beginning of October. Circular 158 authorizes beneficiaries to withdraw ...
2024-09-25 16:40 - Reading : 3 minute(s)
The fear of shortages of all kinds has caught up with the entire Lebanese population amid the intensification of Israeli strikes and the widening conflict between Israel and Hezbollah. On Monday, people began rushing to gas stations, bakeries, supermarkets, and pharmacies. However, the presidents of various unions, as well as the Ministry of ...
Liliane Mokbel 2024-09-25 15:24 - Reading : 3 minute(s)
The transmission effect or exchange rate pass-through reflects the impact of currency depreciation on price levels, particularly their elasticity, driven mainly by changes in the prices of imported goods and services. This is especially relevant for Lebanon, which experienced a historic currency devaluation from 2020 to 2023, with its ...