This Is Beirut 2024-08-16 12:23 - Reading : 1 minute(s)
Amid the threats facing Lebanon, citizens fear shortages of all kinds, particularly fuel, as the memory of the gasoline shortages in the summer of 2021 lingers. However, there is no reason to panic at the moment, as gasoline and diesel are available, reassures Maroun Chammas, president of the Association of Petroleum Importing Companies, to This ...
This Is Beirut 2024-08-15 18:56 - Reading : 1 minute(s)
The Union of Arab Banks stood out by publishing an exclusive interview with the renowned robot Sophia. The interview was issued in French in the UAB Magazine and in English in The Banking Executive magazine, published by the International Arab Bankers Union. Sophia, activated on April 19, 2015, in Hong Kong, is a humanoid robot developed by ...
Liliane Mokbel 2024-08-15 17:29 - Reading : 3 minute(s)
Air France and Transavia resumed their flights to Beirut on Thursday, after suspending them on July 29. Does this mean that Beirut International Airport (BIA) is now considered safe for civil aviation, despite ongoing hostilities in southern Lebanon? Is this an indication that reinsurance and insurance companies have revised their assessment of ...
This Is Beirut 2024-08-14 22:12 - Reading : 2 minute(s)
Lebanon’s electricity company, Électricité du Liban (EDL), is considering using bill payments to fund Iraqi fuel purchases and avert a blackout. The Ministry of Energy and Water is preparing to resort to an emergency measure to avoid a total blackout, which could occur within the next three days, by August 17, due to the absence of any fuel ...
2024-08-14 14:01 - Reading : 1 minute(s)
The Ministry of Telecommunications has received a letter from the Permanent Mission of Lebanon to the United Nations and international organizations, via the Ministry of Foreign Affairs, stating that the Radiocommunication Bureau of the International Telecommunication Union (ITU) has reminded Israel of its obligation to respect laws and decisions ...
Maurice Matta 2024-08-14 09:43 - Reading : 4 minute(s)
Wassim Mansuri, the Acting Governor of Lebanon's Central Bank (BDL), is set to travel to Washington, D.C., in the first week of September, in an attempt to shield Lebanon from being placed on the Financial Action Task Force's (FATF) gray list, which monitors countries for financial crimes. His visit comes just days before a critical meeting where ...
This Is Beirut 2024-08-13 19:43 - Reading : less than a minute
Export and import procedures will be handled online starting Wednesday. In a statement issued on Tuesday, the Ministry of Economy announced that starting Wednesday, importers and exporters will no longer be required to go to the port or the Ministry’s headquarters to complete import and export procedures. These procedures, which include ...
This Is Beirut 2024-08-13 19:00 - Reading : 1 minute(s)
The President of the Property Owners’ Union, Patrick Rizkallah, recalled that the syndicate had repeatedly appealed to the Lebanese state regarding the need to draw up a plan to save buildings. He put forward the figure of ten thousand buildings at risk in Beirut alone. "Where are the draft laws to save these buildings? Where is the ...
This Is Beirut 2024-08-13 16:54 - Reading : 1 minute(s)
US credit rating agency Fitch has downgraded Israel a notch, warning that its ongoing conflict against Hamas in Gaza could last "well into 2025" and weigh on economic activity. Fitch lowered Israel's rating from "A+" to "A." "The conflict in Gaza could last well into 2025 and there are risks of it broadening to other fronts," Fitch said in a ...
This Is Beirut 2024-08-13 16:40 - Reading : 1 minute(s)
Tony Ramy, President of the Syndicate of Owners of Restaurants, Cafes, Night-Clubs & Pastries in Lebanon, published a press release on Tuesday, in which he explains the situation in the restaurant sector following the security escalations and the risk of a full-scale war. This analysis is based on a numerical comparison between July 2023 and ...
Liliane Mokbel 2024-08-13 13:52 - Reading : 2 minute(s)
JP Morgan experts believe that gold and silver are the most promising metals of the year, forecasting that the price of silver will soon surpass $30. While the price of an ounce of silver recently hit a high of $30, a level not seen since 2013, it still hasn't reached its historic peak of $50, recorded in 1980. Deciding between investing in gold ...
This Is Beirut 2024-08-12 18:37 - Reading : less than a minute
Insurance brokers will now be able to deposit the required bank guarantee with the Banque de l'Habitat (BDH) instead of with a commercial bank. The financial institution will be able to issue insurance guarantees on behalf of the Ministry of the Economy, authorizing insurance brokers and representatives to carry out their functions under a ...