This is Beirut 08/10 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 08/10 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 ...
08/10 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 08/10 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’ ...
Liliane Mokbel 06/10 14:35 - Reading : 2 minute(s)
In Lebanon, a country plagued by violent military actions, disruptions in the supply chain were predictable, although they remain limited for now. One of the most vulnerable sectors is the importation of oil derivatives. On Friday, tankers registered under the Italian flag were six kilometers off the Lebanese coast when they received orders to ...
This Is Beirut 03/10 21:04 - Reading : less than a minute
The World Bank (WB) announced on Thursday the redirection of $250 million in aid to Lebanon, initially earmarked to promote the development of renewable energies, towards emergency aid for people displaced by Israeli bombardments in the south of the country. “The World Bank has activated its emergency response plan in order to be able to ...
This Is Beirut 03/10 19:47 - Reading : 1 minute(s)
In view of the very substantial losses suffered by the Lebanese economy, economic bodies expressed their deep concern at the heavy pressure being put on private institutions. They announced the formation of a committee to prepare an economic emergency plan that would enable the national economy and private institutions to withstand the ...
This Is Beirut 03/10 15:00 - Reading : less than a minute
Caretaker Prime Minister Najib Mikati and the Central Bank’s Interim Governor, Wassim Mansouri, met on Thursday to discuss Lebanon's financial and monetary situation. Mansouri emphasized that full cooperation with the government, particularly with the Ministry of Finance, has allowed for the establishment of monetary stability, noting that the ...
This Is Beirut 02/10 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 02/10 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 ...
02/10 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 02/10 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 ...