Maurice Matta 2024-09-12 18:38 - Reading : 3 minute(s)
Wassim Mansouri, the Acting Governor of Lebanon's Central Bank (BDL) has concluded his meetings with correspondent banks in London, returning with reassurances that these institutions will continue to cooperate with Lebanon, regardless of the anticipated decision by the FATF (Financial Action Task Force) on October 24. However, the risk of Lebanon ...
This Is Beirut 2024-09-11 20:03 - Reading : 1 minute(s)
Eighteen Lebanese students supported by the “CMA CGM Excellence Fund for Education” program joined the HEC Paris campus on September 10. This program, launched in 2021 - in collaboration with HEC Paris and École Polytechnique in France, Oxford University, Imperial College and King's College in the UK, the American University of Beirut (AUB), ...
This Is Beirut 2024-09-11 18:10 - Reading : 1 minute(s)
On Wednesday, the Caretaker Minister of Energy and Water, Walid Fayad, launched a new call for tenders via the public procurement platform for the construction of a solar power plant using photovoltaic cells with a total capacity of 8 megawatts. The plant will be financed entirely from the budget of the Ministry of Energy and Water and will be ...
2024-09-11 12:20 - Reading : less than a minute
Caretaker Minister of Public Works and Transport Ali Hamiye announced a 50% reduction in transit fees for trucks crossing Syria. This move is part of the ministry’s plan to strengthen bilateral cooperation. On his X account (formerly Twitter), he specified that positive discussions with Syria led to this decrease in transit fees for trucks ...
Liliane Mokbel 2024-09-10 20:06 - Reading : 3 minute(s)
The government failed to fulfill its commitment to provide a decent salary for public sector employees, especially retired army personnel, who once again took to the streets on Tuesday to express their outrage. The decline in purchasing power of wages and pensions of military personnel, veterans and public sector employees is not a new issue. ...
Hala Abdallah 2024-09-10 17:59 - Reading : less than a minute
As food prices continue to surge in Lebanon, families are struggling to afford basic essentials, exacerbating the country's financial crisis.
This Is Beirut 2024-09-10 14:11 - Reading : less than a minute
The mobile phone operator Touch announced on Tuesday that it has "strengthened its leadership position in the telecommunications and cellular data sector in Lebanon by setting a record number of clients, reaching the highest number ever recorded in the history of telecom operators in Lebanon, with 2.57 million customers as of last August." Thus, ...
This Is Beirut 2024-09-09 19:06 - Reading : 3 minute(s)
The real estate sector in Lebanon remains a valuable investment in the medium and long term, according to a new report by Bank Audi. The study highlights that the real estate market in Lebanon has been under significant pressure since the onset of the crisis in 2019, with an overall contraction in demand. This is mainly due to the notable decrease ...
This Is Beirut 2024-09-09 17:02 - Reading : less than a minute
The National Social Security Fund (NSSF) announced in a statement on Monday that surgical coverage will be increased to 90% starting September 10. This decision follows meetings between the NSSF and the Private Hospitals Syndicate to adjust surgery rates, ensuring that insured individuals will not incur additional costs. This measure restores ...
Liliane Mokbel 2024-09-05 20:50 - Reading : 3 minute(s)
Listen to the article The objective of the 2025 budget proposal is to maintain a relative balance between revenues and expenditures, with the aim of keeping the overall deficit under 4.1%, or approximately $190 million. The draft budget submitted in August by caretaker Finance Minister, Youssef Khalil, forecasts a substantial increase in ...
2024-09-05 19:20 - Reading : 2 minute(s)
The Parliamentary Committee for Public Works, Energy, Transport and Water launched a workshop on Thursday to discuss the electricity issue. However, the final outcome remains unknown, as the Lebanese State does not seem to have resolved to seriously reform this sector. In parallel, Lebanese Forces MPs submitted to the Chamber's bureau a bill that ...
Maurice Matta 2024-09-05 16:38 - Reading : 4 minute(s)
Wassim Mansouri, Acting Governor of the Central Bank of Lebanon (BDL), is meeting in London with officials from correspondent banks that interact with Lebanese banks. The goal is to address potential impacts of any negative decisions taken by the Financial Action Task Force (FATF) ahead of its crucial meeting to assess countries' compliance with ...