This Is Beirut 2024-03-05 15:35 - Reading : 1 minute(s)
The Consumer Price Index (CPI) jumped 18.8% year-on-year in January 2024 compared to the same month last year. All nine main indices showed increases in January 2024. The country recorded triple-digit inflation rates as it plunged into a multidimensional crisis. Policymakers still refuse to take responsibility and implement the structural reforms ...
This Is Beirut 2024-03-04 16:39 - Reading : less than a minute
Traffic at Beirut International Airport (BIA) recorded an increase in passenger numbers in February, but a fall in the number of flights. According to figures released by the airport, 413,111 departing and arriving passengers passed through the airport, an increase of 1% compared to February 2023. The number of arrivals in Lebanon rose by 2.57% ...
This Is Beirut 2024-03-04 13:43 - Reading : 1 minute(s)
The Director of the UN Food and Agriculture Organization's (FAO) Liaison Office with Russia, Oleg Kobyakov, warned that the situation in Bab el-Mandeb and the Red Sea is affecting food trade and driving up product prices. He asserted that "the Houthis' siege of the Bab el-Mandeb Strait and the Red Sea is negatively impacting world food trade," ...
2024-03-04 13:14 - Reading : 2 minute(s)
The president of the General Confederation of Lebanese Workers (CGTL), Bechara Asmar, said that it is necessary to increase salaries in both the public and private sectors and, in doing so, alleviate the suffering of citizens. In an interview granted to the IMLebanon website, he pointed out that the economic situation in Lebanon is deteriorating ...
2024-03-03 22:53 - Reading : 3 minute(s)
The question of civil servants' salaries is once again at the forefront of the economic scene, following the government's approval on Wednesday, under strong pressure from strikes, of decrees aimed at increasing them. This decision reinforces fears of a repeat of the 2017 scenario when the wage scale law was passed. Experts believe that the wage ...
2024-03-03 22:06 - Reading : 1 minute(s)
The directors of the Ministry of Finance announced on Sunday the "temporary" suspension of their strike from Monday, March 4, to "complete the process of paying salaries and carry out all transactions of citizens and other departments and institutions of the state." These remarks came in a statement issued the day after a meeting held on Saturday ...
Maurice Matta 2024-03-02 11:10 - Reading : 3 minute(s)
The agreement, approved by the caretaker government, between the Teachers' Syndicate and the Federation of Private Educational Institutions under the auspices of the Ministry of Education for financing the indemnity fund (amounting to 100 billion Lebanese Pounds) for the teaching community has enabled the fund to pay salary increases to retired ...
This Is Beirut 2024-03-01 17:34 - Reading : 2 minute(s)
Following rumors implying that the striking employees of the Ministry of Finance will not process the February salaries of civil servants, sources close to the Ministry assured This is Beirut that the mood surrounding discussions to resolve the problem is positive and the Ministry's employees are not heading for escalation — quite the ...
This Is Beirut 2024-03-01 13:01 - Reading : less than a minute
In an interim circular bearing number 693 dated 29/2/2024, the Banque du Liban (BDL) made a temporary adjustment to the operating conditions of financial companies operating in Lebanon. Circular 693, which refers to the decision adopted by the Central Council of the Banque du Liban, which met on February 28, 2024, commands financial companies to ...
This Is Beirut 2024-02-29 18:54 - Reading : 1 minute(s)
Finance Ministry employees are maintaining their work stoppage, while their colleagues in other ministries have announced the temporary suspension of their strike until Friday, March 8, 2024. Paralysis at the Finance Ministry implies that the salaries of civil servants and pensioners will not be paid on time. The Ministry’s employees said they ...
Nicolas Sbeih 2024-02-29 12:28 - Reading : 4 minute(s)
Under normal circumstances, one should call it ‘the social engine.' However, the National Social Security Fund (NSSF) apparatus is no longer functioning the way it should. In fact, it was poised to become the first public victim of the financial crisis. But how did we even get there? The history of the National Social Security Fund (NSSF) has ...
Liliane Mokbel 2024-02-29 11:08 - Reading : 3 minute(s)
Once again, the government has granted salary increases to public sector employees, disregarding the fundamental recommendations for public sector reforms. The Council of Ministers, led by Caretaker Prime Minister Najib Mikati, met on Wednesday at the Grand Serail and approved a salary increase for public sector employees ranging from a ...