This Is Beirut 2024-07-30 14:45 - Reading : 2 minute(s)
Ditch Ratings maintained last week Lebanon’s “Restricted Default (RD)” status on its long-term foreign currency public debt. The agency also announced its intention to withdraw Lebanon’s ratings due to insufficient information caused by the unavailability of key data. This decision underscores the Lebanese government’s failure to ...
Liliane Mokbel 2024-07-30 12:00 - Reading : 2 minute(s)
According to Majd al-Masri, the president of the Syndicate of Money Changers in Lebanon, there is no actual shortage of dollar bills in the Lebanese market. He asserts that the delays in fulfilling customers' currency exchange requests are due to a logistical issue that will soon be resolved. Mr. Masri reassures that fears of a dollar shortage are ...
This Is Beirut 2024-07-29 21:51 - Reading : 1 minute(s)
With the deteriorating situation in south Lebanon and the fear of a major offensive, the Lebanese are worried about shortages of all kinds. However, Hani Bohsali, the President of the Syndicate of Food Importers, reassured the public that there is no need to panic, as stocks of food products available in Lebanon are sufficient for at least three ...
2024-07-29 19:46 - Reading : 2 minute(s)
The Ogero Employees’ Union, representing Lebanon's public provider of fixed telephony and Internet, staged a warning strike on Monday. During a sit-in outside the Ministry of Telecommunications, the union warned that if their demands were not met, employees would initiate an indefinite strike. This marks the fifteenth strike in ...
Maurice Matta 2024-07-29 17:00 - Reading : 5 minute(s)
Civil Judge Alaa Bashir, overseeing rental disputes in Metn, issued a ruling declaring the nine-year extension period under the new rental law to end on December 28, 2023. The ruling states that the tenant will be residing without legal justification after this date and orders him to vacate the rented property and return it vacant to the ...
This Is Beirut 2024-07-29 13:52 - Reading : less than a minute
The mobile operator Alfa issued a statement in response to the slowdown and /or malfunction of its Internet service, indicating that certain regions of Lebanon are experiencing a slowdown in Internet service due to a partial network failure. The operator assured that technical teams are working to resolve the problem as quickly as possible.
This Is Beirut 2024-07-27 18:10 - Reading : 1 minute(s)
Caretaker Minister of Telecommunications Johnny Corm assured, on Friday, that he would receive “in stages the funds allocated to him in the 2024 budget to maintain the communication networks of the public telephone and internet provider, Ogero.” Corm stated that he was working to find a solution to Ogero employees' strike, due to start next ...
2024-07-26 21:33 - Reading : 2 minute(s)
A delegation from the Lebanese Business Association (LBE), led by its President Bassem al-Bawab, visited the acting Governor of the Central Bank, Wassim Mansouri. During the meeting, Mansouri presented Lebanon’s monetary, financial, and economic situation, the Central Bank’s next steps, the requirements for the banking sector’s development, ...
2024-07-26 08:00 - Reading : 4 minute(s)
Although the summer of 2024 started with a bang, it seems less promising than that of 2023. The initial figures for the season are not as good as those of last year, although they remain satisfactory overall. One thing is certain: Lebanon has once again won over the hearts of expatriates. Despite the ongoing conflict in Gaza and southern Lebanon, ...
This Is Beirut 2024-07-25 19:05 - Reading : 1 minute(s)
The Civil Servants' Union has once again taken a stand on Thursday, demanding a readjustment of salaries and threatening a work stoppage. In a statement, the union called on "the government to fulfill its promises and to advance a project for a fair and equitable salary readjustment that takes into account inflation and the cost of living, while ...
This Is Beirut 2024-07-25 18:30 - Reading : 1 minute(s)
European aviation giant Airbus announced Thursday that Saudi low-cost carrier Flynas has signed a deal to buy 75 single-aisle A320neo jets and 15 long-haul A330-900 planes. The planes have a catalogue price totaling $13 billion, though big orders usually have significant discounts. The two sides signed a memorandum of understanding at the UK's ...
This Is Beirut 2024-07-25 11:50 - Reading : 2 minute(s)
Banque de l'Habitat (BDH) began accepting applications for housing loans at the beginning of June. According to initial figures, BDH had received 23,483 applications by July 22. Of these, 5,200 applications have been filled, and 2,515 people have completed the required electronic procedures before moving on to the second phase. BDH plans to ...