This Is Beirut 2024-08-20 18:30 - Reading : 2 minute(s)
The American rating agency Standard & Poor's (S&P) has maintained its rating on Lebanese pound bonds at CC while keeping a negative long-term outlook. Following the publication of this report, the Lebanese Ministry of Finance was keen to point out that “this semi-annual report is part of the agency's rating process and periodic review, ...
This Is Beirut 2024-08-20 17:58 - Reading : less than a minute
A memorandum of strategic cooperation was signed on Tuesday between the Federation of Chambers of Commerce, Industry and Agriculture in Lebanon (FCCIAL), chaired by former minister Mohamed Choucair, and the Renee Moawad Foundation, headed by MP Michel Moawad. The memorandum aims to activate relations, coordination and cooperation between the two ...
2024-08-19 20:58 - Reading : 3 minute(s)
After hours of complete darkness in Lebanon, signs of hope are emerging as a five-step plan is set into motion. Essential facilities are gradually being resupplied with electricity, but it will take several more days before citizens can once again enjoy their sacrosanct four hours of daily power. On Saturday afternoon, following the complete ...
This Is Beirut 2024-08-19 17:16 - Reading : 2 minute(s)
The Secretary General of the Association of Banks in Lebanon (ABL), Fadi Khalaf, indicated that despite the significant efforts made by the Central Bank of Lebanon (BDL) to avoid including Lebanon on the gray list, and keep the banks clear from thorough monitoring of transfers, major challenges remain. He stressed that Lebanon is still under ...
This Is Beirut 2024-08-19 11:44 - Reading : less than a minute
Lebanon's water supply has been severely disrupted due to the ongoing blackout in the country since Saturday afternoon, following the shutdown of power plants due to fuel shortages. Jean Gebran, President of the Beirut and Mount Lebanon Water Establishment (EBML), confirmed on Monday that water distribution has been affected by the power outages, ...
This Is Beirut 2024-08-18 20:15 - Reading : 3 minute(s)
Following the blackout in Lebanon on Saturday afternoon, glimmers of hope are appearing, and solutions are beginning to take shape. On Sunday, the Board of directors of Électricité du Liban (EDL) announced that it had approved the supply of around 5,000 kiloliters of petroleum derivatives to the Zahrani power plant, financed by a loan approved ...
This Is Beirut 2024-08-18 13:29 - Reading : 2 minute(s)
The caretaker Minister of Environment and President of the National Emergency Commission, Nasser Yassin, stated that the food and medicine stocks are sufficient for four months, noting that "as long as supply lines are not affected, things will proceed normally." In an interview with the Al-Araby Al-Jadeed website, Yassin mentioned that there is ...
This Is Beirut 2024-08-18 12:22 - Reading : 2 minute(s)
The board of directors of Électricité du Liban (EDL) is meeting on Sunday to find a temporary solution to the total blackout that has hit Lebanon since Saturday afternoon due to a lack of fuel. According to information reported by the Al Jadeed television channel, the aim of the meeting is to send 5 million liters of diesel to the Zahrani power ...
This Is Beirut 2024-08-18 11:57 - Reading : less than a minute
Caretaker Minister of Energy Walid Fayad announced, late on Saturday evening, that a solution had been found to the total blackout that Lebanon has been experiencing since Saturday afternoon. According to Fayad, Egypt is expected to send diesel fuel, which will arrive by August 23 and enable the power stations to start operating again. In an ...
This Is Beirut 2024-08-17 17:41 - Reading : 2 minute(s)
Despite the preventive measures taken since July 27 and repeated warnings from Lebanon's electricity company, Electricité du Liban (EDL), the Zahrani power plant is now out of service, following the shutdown of the Deir Ammar plant on August 7. As a result, Lebanon is now in total darkness. Despite every possible precaution taken by EDL to ...
This Is Beirut 2024-08-16 21:07 - Reading : 2 minute(s)
Caretaker Minister of Energy Walid Fayad “hoped” that the total blackout would not take place, as announced on August 17. He indicated that the ministry was working hard to find solutions, with the first shipment of diesel not expected until the first week of September. In this context, it should be noted that as early as Saturday, August 17, ...
This Is Beirut 2024-08-16 15:50 - Reading : 2 minute(s)
The Knights of Malta association, also known as the Order of Malta, announced that it is preparing to launch a food aid project for Lebanon, with the support of the French Ministry of Europe and Foreign Affairs. The project is set to start in September 2024 and will run for 16 months, according to a press release issued by the association on ...