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Budget 2026: Quick Taxes or Deep Reform?
Liliane Mokbel 2025-08-31 20:05 - Reading : 3 minute(s)
Lebanon economy Budget 2026 Taxes Reforms
For 2026, the Finance Minister has promised a deficit-free budget, with revenues and expenditures in balance. An attractive prospect, but at what cost to Lebanese households? Tax hikes and new levies could quickly turn that balance into a burden for taxpayers. The draft budget has been submitted to the General Secretariat of the Council of ...
Iran and the Sanctions’ Reinstatement: From Balance to Isolation
Paul Guillot 2025-09-01 15:40 - Reading : 3 minute(s)
Banks Europe Iran Economy Sanctions
Three months after the “twelve-day war” with Israel, Iran is struggling to keep its economy afloat under severe US sanctions. With mounting military pressure, the return of European sanctions and the continuing collapse of its currency, the Islamic Republic has never been more vulnerable. Fragile Growth Despite decades of international ...
Gold Price Hits Record Above $3,500
This is Beirut 2025-09-02 08:55 - Reading : 1 minute(s)
Gold prices hit a record high above $3,500 on Tuesday, as investors sought out safe havens in the face of global economic uncertainty. The precious metal reached $3,501.59 an ounce during early trading in Asia, soaring past its previous record of $3,500.10 in April. The run in gold prices comes as investors weigh up a weakened US dollar and the ...
Gold Hits New Record High as Investors Flee Risk, Asia Stocks Slide
This is Beirut 2025-09-03 08:40 - Reading : 1 minute(s)
Donald Trump Banks Market Gold
Asia markets were down on Wednesday while gold extended its six-day rally after reaching a record high as investors sought safe havens following a selloff in equity and bond markets. Bullion for immediate delivery hit a fresh record as Asia markets opened, climbing 0.4 percent to hit $3,546.96 an ounce. Prices have risen five percent over the ...
Antitrust Cases Against US Tech Giants
This is Beirut 2025-09-03 09:55 - Reading : 3 minute(s)
Donald Trump Washington Google Amazon Meta
Launched under both the Trump and Biden administrations, five major antitrust cases from the Federal Trade Commission and the US Department of Justice are proceeding against major American technology companies. These cases represent a significant shift in antitrust enforcement in the United States, with regulators taking a more aggressive ...
EDL vs. Private Generators: Lebanon’s Daily Electricity Battle
Liliane Mokbel 2025-09-03 15:45 - Reading : 2 minute(s)
Lebanon EDL Central Bank of Lebanon Banks economy
Electricité du Liban (EDL) collection agents occasionally remember to bill subscribers. Neighborhood generator operators, on the other hand, never forget the last day of the month. They collect payments even before reading meters, already knowing exactly how much they will extract. The idea of EDL self-financing its fuel purchases remains ...
Iran’s Nuclear Defiance: Diplomacy on Hold, Escalation on Standby
Salam El Zaatari 2025-09-04 10:00 - Reading : 4 minute(s)
Nawaf Salam Iran Washington United States Donald Trump
By every measure that counts, Iran is once again daring the West to call its bluff. Less than three months after US and Israeli airstrikes tore into its nuclear facilities, Tehran has chosen defiance over accountability—expelling inspectors, hiding its enriched uranium stockpile and openly daring the international community to stop it. Europe ...
Sudan's RSF Commits 'Myriad Crimes Against Humanity': UN Probe
This is Beirut 2025-09-05 16:20 - Reading : 3 minute(s)
The paramilitary Rapid Support Forces in Sudan has committed numerous crimes against humanity in Sudan's civil war, in particular in its siege of El-Fasher in western Darfur, UN investigators said Friday. The United Nations' fact-finding mission for Sudan also found evidence of war crimes by both sides in the conflict between the regular ...
Cocaine Market: Low Prices, High Health Risks
Christiane Tager 2025-09-07 09:44 - Reading : 2 minute(s)
Lebanon Europe United Nations Drugs Cocaine
Cocaine prices are falling, but the risks are rising. In Lebanon, as elsewhere, a gram has never been cheaper. It may seem like a “good deal,” but behind the low price lies a harsh reality: regulated use, a growing number of addicts and mounting health risks. Cocaine, or “coke” to regular users, is circulating more freely than ever. ...
Daymeh: Less Waste, More Savings
Yara Germany 2025-09-07 10:00 - Reading : less than a minute
Tripoli Daymeh goods affordable consumption
In Tripoli, Daymeh gives unsold goods a second life by selling them at reduced prices. A simple idea – still rare in Lebanon – that changes the way we consume: more responsibly, more affordably. Would you give it a try?
Japan PM Ishiba Says to Resign
This is Beirut 2025-09-07 15:06 - Reading : 3 minute(s)
Japan's Prime Minister Shigeru Ishiba said on Sunday he would step down after less than a year in power, during which he lost his majority in both houses of parliament. The announcement means fresh uncertainty for the world's fourth-largest economy as it battles rising food prices and deals with the fallout of US tariffs on its vital auto ...
Water Shortage in Lebanon: Government Urged to Declare Hydric Emergency
This is Beirut 2025-09-08 11:00 - Reading : 1 minute(s)
Lebanon is facing an unprecedented drought that could worsen in the coming month, with no rainfall expected before October 15. Michel Frem, president of the Lebanese Agricultural Research Institute (IRAL), has urged the government to declare a “hydric emergency.” In a statement released on Monday, Frem warned that both surface water and ...
Super Mario’s Global Impact: A Phenomenon in Numbers
This is Beirut 2025-09-09 10:30 - Reading : 3 minute(s)
Super Mario Nintendo Games Art Hit Bookstores
Nintendo's chirpy Italian mascot Mario has run and jumped his way to four decades of global stardom, broadening the appeal of the video game industry as one of its most beloved characters. 40 Million Cartridges The original Super Mario Bros. cartridge game was released in 1985 for the Nintendo Entertainment System (NES) console in the United ...
Ancient Egyptian Pharaoh’s Gold Bracelet Melted, Sold Cheaply
This is Beirut 2025-09-19 16:00 - Reading : 3 minute(s)
Egypt Museum Art Culture Heritage Gold
Egyptian police said on Thursday they arrested a museum employee and three alleged accomplices after a priceless ancient gold bracelet was stolen from Cairo's Egyptian Museum, sold for about $4,000, and then melted down. The 3,000-year-old bracelet, a gold band adorned with lapis lazuli beads, dated back to the reign of Amenemope, a pharaoh of ...
Ukraine Hits One of Russia's Largest Oil Refining Complexes
This is Beirut 2025-09-13 19:33 - Reading : 1 minute(s)
A Ukrainian drone crashed into one of Russia's largest oil refining complexes on Saturday, sparking a fire and causing minor damage, a Russian official said. The complex, which belongs to Russian oil company Bashneft, lies on the outskirts of the central Russian city of Ufa, around 1,400 kilometers (870 miles) from the front line in ...
Picasso’s Hidden Portrait of Dora Maar to Go Under the Hammer in Paris
This is Beirut 2025-09-18 12:25 - Reading : 1 minute(s)
Painting Auction Picasso Drouot France Culture
A previously unknown portrait by Pablo Picasso of one his lovers was unveiled at a Paris auction house on Thursday after being put up for sale by its owners. Entitled Bust of a woman with a flowery hat, it depicts Dora Maar, a French photographer, painter and poet who was Picasso's best-known muse. Painted with oil, the colorful work measuring ...
Palestinians Flee Gaza City Amid Israeli Offensive
This is Beirut 2025-09-17 19:55 - Reading : 3 minute(s)
On foot, by bike, or in vehicles, Palestinians are fleeing Gaza City in large numbers, targeted by a major Israeli military offensive whose bombings killed dozens across the territory on Wednesday. With U.S. support, Israel announced Tuesday the start of a ground and air campaign in Gaza City aimed at destroying the Palestinian Islamist group ...
Downton Abbey Auction Raises Millions, Shatters Expectations Worldwide
This is Beirut 2025-09-17 16:00 - Reading : 2 minute(s)
Downton Abbey Series TV Culture Art London
Props, costumes and other items from the hit TV series Downton Abbey sold for £1.7 million ($2.3 million) at a London auction, six times the pre-sale estimate, Bonhams revealed Tuesday. The "bell wall", the servant's call system that appears from the first series to the last, proved to be the prize item, selling for an eye-watering £216,300 ...
Hawk III: A Ship, Fuel, and the Enduring Shadows of Lebanon’s Power Crisis
Christiane Tager 2025-09-16 12:00 - Reading : 2 minute(s)
In Lebanon, even a single fuel ship can spiral into a political-judicial drama. Between Friday night and Saturday morning, the Lebanese navy intercepted Hawk III, carrying fuel destined for Électricité du Liban (EDL), as it attempted to evade territorial waters. Behind this incident lies a story of contradictions, suspicion, and opacity, ...
Back to School, but at What Cost?
Rayan Chami 2025-09-15 18:55 - Reading : less than a minute
For kids, going back to school means excitement, the smell of fresh notebooks and the joy of picking a backpack. For parents, it is a financial balancing act, with prices ranging from notebooks under a dollar to backpacks costing over a hundred, and every small item adding up.
Lebanon: Real Estate Market Tied to Political and Economic Outlook
Liliane Mokbel 2025-09-13 21:00 - Reading : 2 minute(s)
A study by the Research and Studies Department of Bank Audi, published in September 2025, lays out three scenarios for the next twelve months: a positive scenario with a 55 percent probability, a moderate scenario at 30 percent, and a negative scenario at 15 percent. In a positive scenario, such as the state gaining full control over weapons, ...
Lebanon’s Battle for Wheat: Between Aid, Loans and Food Security
Christiane Tager 2025-09-13 08:20 - Reading : 2 minute(s)
Lebanon, which is already weakened by an unprecedented economic collapse, has for years faced a vital challenge: ensuring steady access to wheat. The destruction of Beirut Port’s silos in the August 4, 2020, explosion laid bare Lebanon’s food insecurity, erasing a vital storage hub and turning every shipment and agreement into a matter of ...
WHO Backs Weight-Loss Drugs, Urges Cheap Generics
This is Beirut 2025-09-09 12:00 - Reading : 2 minute(s)
The World Health Organization recommended a range of blockbuster weight-loss drugs to treat diabetes and obesity globally for the first time on Friday, calling for cheap generic versions to be made available for people in developing countries. The new generation of appetite-suppressing drugs called GLP-1 agonists -- which include the brands ...
BDL, Lebanon’s Anchor of Trust on the Path to Recovery
Liliane Mokbel 2025-09-12 15:40 - Reading : 5 minute(s)
Lebanon Central Bank of Lebanon Banks Banque du Liban economy BDL
In a country where figures are often subject to interpretation and fiscal data remains scarce or unreliable, Lebanon’s Central Bank (BDL) seeks to reaffirm its role as a reference point for institutional investors and international markets. It also aims to provide citizens with clear benchmarks to better understand the rationale and direction ...
Global Oil Supply Hit Record High in August: IEA
This is Beirut 2025-09-11 12:20 - Reading : 1 minute(s)
Global oil supply hit a record high in August as OPEC+ and other countries ramped up production, with a looming surplus keeping prices in check, the International Energy Agency said Thursday. Eight key members of OPEC+ group, including Saudi Arabia and Russia, have been gradually increasing production since April after restricting output in ...
Lebanese Potatoes: Tubers, Challenges and Export Hopes
Christiane Tager 2025-09-11 10:00 - Reading : 3 minute(s)
European Union Gulf Saudi Arabia agriculture farmers
In a country where even bread is becoming a luxury, one might think the potato – king of family meals and star of mezze – is guaranteed a smooth ride. Yet behind every plate of crispy “batata” lies the story of farmers digging the soil… and digging deeper into debt. The Roots of the Problem According to the Ministry of Agriculture, ...
Bitter Brew: The Soaring Cost of Your Morning Espresso
Christiane Tager 2025-09-10 12:30 - Reading : 3 minute(s)
Coffee Price Arabica Brazil Espresso
Thought your morning espresso was safe? Think again. In 2025, Arabica prices soared nearly 80%, according to Bellwether Coffee, and the rise shows no signs of slowing. The impact is felt by producers, cafés, and consumers alike. In Lebanon, where every price hike stings twice as much, savoring your coffee has become a luxury, with bitterness ...
Israel Forum Says It Is Concerned for Gaza Hostages after Doha Strikes
This is Beirut 2025-09-09 20:35 - Reading : 1 minute(s)
Nawaf Salam Israeli Hostages Hostages and Missing Families Forum Hamas
The main Israeli group campaigning for the release of hostages held in Gaza expressed "deep concern" following an Israeli attack on Tuesday on Hamas's leadership in Qatar, which has been mediating ceasefire talks. "The families of the hostages are following the developments in Doha with deep concern and heavy anxiety. A grave fear now hangs over ...
Cabinet to Reconvene Thursday in Baabda
This is Beirut 2025-09-09 19:25 - Reading : 2 minute(s)
Lebanon European Union Joseph Aoun Nawaf Salam Joe Saddy
The Council of Ministers is set to hold a meeting on Thursday at Baabda Palace to discuss a ten-point agenda, with particular focus on international proposals aimed at securing internet access in Lebanon. The issue, brought forward by Minister of Telecommunications Charles Hage, was previously reviewed during a cabinet session held at the Grand ...
Ancient Greek Artifacts: Athenian Vase's Historic Journey
2023-12-09 10:30 - Reading : 2 minute(s)
Acropolis Museum Athenian Vase
This week, the Acropolis Museum in Athens commenced the display of a remarkable Greek vase, hitherto housed in the British Museum for a quarter of a millennium. This venerable artifact, dating back 2,500 years, is part of a rare loan arrangement. On Tuesday December 5, organizers of the exhibit unveiled this historic piece. Nikolaos Stampolidis, ...