2024-05-02 23:28 - Reading : 2 minute(s)
Bank Audi has published its economic report for the first quarter of 2024, highlighting that economic and monetary conditions indicate a recession in the real economy, attributed to the repercussions of the war on Lebanon's southern border. However, the LBP has remained stable against the dollar, offering a degree of monetary stability despite ...
Liliane Mokbel 2024-05-02 11:22 - Reading : 3 minute(s)
The fundamental principle of asset diversification remains unshakable despite the speculative fever surrounding a short-term surge in gold prices, with experts predicting a peak of $2,800 per ounce by the end of 2024. Lebanese investors have turned to gold since the onset of the multidimensional crisis in October 2019, even though the yellow ...
Nicolas Sbeih 2024-05-01 20:18 - Reading : 3 minute(s)
Some countries require caretaking. They need someone else to manage not only an exceptional situation, but also their day-to-day life. This pattern recalls the period of mandates, all born after the First or Second World War – initiatives meant to build a state that wasn't there, or to organize a country that was barely so. Our French ...
This Is Beirut 2024-05-01 13:25 - Reading : less than a minute
Caretaker Public Works Minister Ali Hamiye raised the alarm on Wednesday about GPS signal jamming, which is putting civil aviation at risk. Speaking at the meeting of the International Civil Aviation Organization (ICAO) at Punta Cana in the Dominican Republic, Hamiye pointed out that “the jamming is carried out by the Israeli Army continuously, ...
This Is Beirut 2024-04-30 12:13 - Reading : less than a minute
Caretaker Minister of Energy Walid Fayad emphasized in a recent interview with the LBCI television channel that progress in the electricity sector plan is positive, but lamented its slow pace. He underscored the lack of attention from politicians and decision-makers towards the energy sector, stressing its critical role in the economy. “The ...
This Is Beirut 2024-04-29 18:03 - Reading : less than a minute
The Federation of Syndicates of Banks' Employees in Lebanon strongly rejected the government's proposed plan to restructure the banking sector. Discussion of the proposed draft law aimed at addressing Lebanon's banking crisis and the government's proposed restructuring measures took place on Monday in a meeting organized by the Federation in ...
This Is Beirut 2024-04-29 13:00 - Reading : less than a minute
Caretaker Minister of Agriculture Abbas Hajj Hassan issued a decision on Monday concerning onion and potato imports from Egypt. He stipulated that these must be subject to a prior import permit within the time limit set by the decree "for importing certain types of vegetables and fruit during specific periods." The statement confirms that this ...
This Is Beirut 2024-04-29 12:52 - Reading : 2 minute(s)
In its report on "Lebanon's Poverty Outlook," the World Bank (WB) considers that the budget for fiscal year 2024 represents "a missed opportunity to adopt the necessary changes to the budget and fiscal policy," even though the latter plans to reduce the budget deficit to zero and achieve revenues of 17.3% of gross domestic product (GDP) in ...
This Is Beirut 2024-04-28 13:44 - Reading : 1 minute(s)
Lebanon’s Central Bank (BDL) is said to be actively working on completing the technical elements of the Bloomberg platform, aimed at "regulating" the exchange rate and the movement of purchases and transactions. This will enable financial market professionals to access the foreign exchange markets and trade currencies using the functionalities ...
2024-04-28 09:00 - Reading : 4 minute(s)
Ten billion dollars. This is the staggering figure of losses in Lebanon put forward by the Caretaker Minister of Economy, Amine Salam, as a result of the Israel-Hezbollah conflict. Beyond the human and material losses, there is an economic dimension that can no longer be ignored. For a country already at the bottom of the pit, this is one war too ...
This Is Beirut 2024-04-27 13:00 - Reading : less than a minute
Caretaker Finance Minister Youssef el-Khalil announced on Friday that "there will be no delay in disbursing the salaries of civil servants and military personnel." He indicated that the Ministry's employees would be working on Saturday and, if necessary, Sunday, in order to pay salaries on time. The latter will be transferred to the Banque du ...
This Is Beirut 2024-04-26 17:58 - Reading : 1 minute(s)
The president of the Importers of Food Products Syndicate, Hani Bohsali, stated on Friday that "food products are the least affected by the increase recorded in the Consumer Price Index (CPI) last March (+1.72%) and on an annual basis by 70.36%, especially since the index includes 16 other sectors, including alcohol, clothing, electricity, health, ...