This is Beirut 2024-12-06 20:25 - Reading : 2 minute(s)
Lebanon's telecommunications sector has suffered significant damage due to Israeli bombings, with initial estimates placing the losses at $117 million. This was revealed by the caretaker Minister of Telecommunications, Johnny Corm, in an interview with Sputnik. Corm explained that the estimated figures range between $88 million and $117 million, ...
Liliane Mokbel 2024-12-06 18:45 - Reading : 3 minute(s)
Central Bank of Lebanon Dollar Bills Counterfeit
Are counterfeit dollar bills circulating in the market? If so, it's clear that this issue is not limited to Lebanon but also affects other global markets. However, the Lebanese are particularly sensitive to it due to the country's economic crisis, which has left the cash economy in a fragile state, all amid a "neither peace nor war" situation ...
Christiane Tager 2024-12-06 13:50 - Reading : 2 minute(s)
Year-end festivities in Lebanon are expected to unfold in a gloomy atmosphere, driven by regional instability and the conflict between Hezbollah and Israel. The war has cast a shadow over the country, where tension is still palpable. Despite the challenges and lingering echoes of war in southern Lebanon and in Syria, the Lebanese are holding on ...
This is Beirut 2024-12-06 10:40 - Reading : 2 minute(s)
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The World Bank announced Thursday that it had raised close to $24 billion to provide loans and grants for some of the world's poorest nations, which it can leverage to generate a record $100 billion in total spending power. Donor countries committed $23.7 billion to replenish the bank's concessional lending arm, known as the International ...
This is Beirut 2024-12-05 17:05 - Reading : less than a minute
According to the flight schedule in and out of Beirut International Airport (BIA), 14 Arab and international airlines will resume flights to Beirut soon. In case the ceasefire deal between Israel and Hezbollah is upheld, some have made the decision to start flying again to Beirut before December 15. Following are the main Arab and international ...
This is Beirut 2024-12-05 10:55 - Reading : 1 minute(s)
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Bitcoin burst past $100,000 for the first time Thursday, while Seoul stocks slipped as South Korea's president faced impeachment after his brief imposition of martial law this week. After hovering around the mid-$90,000 mark in recent weeks, the popular cryptocurrency finally shattered the historic level in Asia after incoming US president Donald ...
Liliane Mokbel 2024-12-05 08:30 - Reading : 3 minute(s)
The sector shows significant growth potential, however, realizing this requires enhancements to logistical infrastructure and improvements to the regulatory framework. According to Statista Market Insight, Lebanon’s e-commerce market is expected to reach $1.311 billion in revenue in 2024, with an average annual growth rate (CAGR) of 8.88% ...
This is Beirut 2024-12-04 22:50 - Reading : less than a minute
Beirut International Airport USA
On Wednesday, Fadi al-Hassan, the director of Rafic Hariri International Airport (BIA) in Beirut, revealed that several airlines have started operating flights to the city again. He clarified in an interview with LBCI that it was challenging to quickly resume flights to Beirut because the majority of the airlines that had halted their service had ...
Maurice Matta 2024-12-04 20:30 - Reading : 4 minute(s)
Since the first day of its implementation at dawn on Wednesday, November 27, the ceasefire agreement between Israel and Hezbollah has faced widespread violations, putting the agreement to a real test regarding its ability to hold. Lebanon is currently in the phase of tallying losses and assessing damages and costs, and if we look at the figures ...
Christiane Tager 2024-12-04 17:10 - Reading : 2 minute(s)
Lebanese exports remain a vital pillar of the national economy despite significant challenges. Renowned for its agricultural produce, jewelry and wines, Lebanon continues to maintain a foothold in international markets. Key trading partners include nations in the Middle East, Europe and Africa. However, economic instability and logistical hurdles ...
This is Beirut 2024-12-04 13:25 - Reading : 1 minute(s)
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Caretaker Minister of Public Works and Transport Ali Hamieh said on Wednesday that all airlines have submitted requests to resume flights to and from Beirut Rafic Hariri International Airport. He made this statement after meeting with Caretaker Prime Minister Najib Mikati, emphasizing that his ministry began issuing flight permits on November ...
This is Beirut 2024-12-04 12:45 - Reading : 1 minute(s)
Caretaker Minister of Industry George Bouchikian stated on Wednesday that fully assessing the damage caused by Israeli bombardment remains impossible, as around 40 localities are still under the control of the Israeli Army. However, he assured that despite the scale of destruction, the industrial sector was “the least affected, with most ...