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 ...
2024-09-05 15:51 - Reading : 3 minute(s)
Public sector employees have renewed their push for a salary review and announced a two-day warning strike on September 5 and 6. This Is Beirut looks back at the sporadic strikes that the public sector has been organizing since 2019. The League of Civil Employees has announced a two-day warning strike on September 5 and 6, accusing the government ...
Liliane Mokbel 2024-09-04 18:51 - Reading : 2 minute(s)
Bank loans are back, but the criteria for accessing them are stricter in terms of candidate eligibility, loan purpose, amount, and repayment period. Contrary to popular belief, these loans are not available due to fresh deposits in foreign currencies. Such deposits are tightly protected and regulated by a series of circulars issued by the ...
2024-09-01 10:02 - Reading : 3 minute(s)
The summer wraps up with Lebanon at the center of attention. As the new school year looms, tourism professionals are reflecting on the summer of 2024. The season has been notably catastrophic, falling far below expectations. Catastrophic, terrible, mediocre, or not too bad, tourism professionals are delivering an initial assessment of the unusual ...
This Is Beirut 2024-08-30 18:49 - Reading : 1 minute(s)
Électricité du Liban (EDL) has announced that they have started unloading the tanker's cargo off the Zahrani power station. As a result, electricity supplies will gradually increase starting this Friday evening. In a press release, the state-owned supplier states that laboratory tests proved to be in line with the required specifications, which ...
This Is Beirut 2024-08-29 21:47 - Reading : 1 minute(s)
The Association of Banks in Lebanon (ABL) strongly condemned the attacks on banks that occurred on Thursday, expressing its concern for depositors’ rights. In a statement, ABL said that banks were once again exposed to malicious attacks by those with vested interests, seeking to exploit the situation at the depositors' expense. The statement ...
This Is Beirut 2024-08-29 18:12 - Reading : 1 minute(s)
Nvidia, the company with the world’s second-largest market capitalization, announced stellar results on August 29. Despite the strong performance, the company’s share price fell by around 7% in pre-market trading in New York. Nvidia posted sales of $30 billion for the quarter from late April to the end of July, representing a 122% ...