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Hungary Looking at Ways Around US Sanctions on Russian Oil: Orban
This is Beirut 2025-10-24 17:40 - Reading : 1 minute(s)
US Sanctions European Union Oil Hungary Russia
Hungarian Prime Minister Viktor Orban said Friday that his government was working on "ways to circumvent" US sanctions against Russian energy companies. The United States on Wednesday hit Russia's two biggest oil producers -- Rosneft and Lukoil -- with sanctions, the first against Russia since US President Donald Trump returned to ...
Lebanon’s Last Chance: Disarm Hezbollah or Risk Collapse
Amal Chmouny 2025-10-25 11:30 - Reading : 4 minute(s)
Nawaf Salam Lebanon Hezbollah United States Donald Trump
Lebanon’s long‑simmering debate over Hezbollah’s disarmament has sharpened into a defining confrontation between state sovereignty and a foreign‑backed militia. In Washington, the issue is becoming the centerpiece of US regional policy. For President Trump’s administration, Hezbollah’s disarmament is not merely a security objective but ...
The Lebanese Tomato Takes Center Stage: Prices Skyrocket Across Markets
Christiane Tager 2025-10-26 11:00 - Reading : 2 minute(s)
Across produce stalls from Beirut to Zahlé, from the South to the North, conversations brim with disbelief and nostalgia: “Remember when a kilo of tomatoes cost 20,000 pounds?” That was only a few months ago. Today, the same kilo fetches up to seven times that price. According to one tomato grower, this surge is rooted in the heavy losses ...
Lebanon and the Middle East: Between Irrationality and Paradox
Michel Touma 2025-10-27 08:30 - Reading : 3 minute(s)
Middle East Donald Trump Amal Banks Hamas
When irrationality and reckless behavior come to define the actions of a powerful political faction, it doesn’t take long before red lines are dangerously breached. As a result, serious threats hang over the lives of populations directly exposed to the faction’s erratic excesses. This is exactly what we are witnessing today among several of ...
Saudi Hosts World's Business Elite with Eyes on Gigaprojects, AI
This is Beirut 2025-10-28 09:05 - Reading : 3 minute(s)
Gulf Middle East Saudi Arabia Investment Economy FII
Saudi Arabia welcomes heads of state and the global business elite at a major investment conference this week as it seeks support for its sprawling "gigaprojects" and sky-high AI ambitions. Chinese Vice President Han Zheng, joined by several ministers and more than 150 business leaders, and Syria's interim president are among the guests at the ...
Avocado, Lebanon’s New Orchard Star
Christiane Tager 2025-10-28 12:00 - Reading : 3 minute(s)
In recent years, a new player has quietly transformed Lebanon’s agricultural scene. Once limited to a few experimental orchards, the avocado has become a true star in the markets. In just a few seasons, it has won over producers with its profitability, consumers with its flavor, and exporters with its potential. In a country where agriculture is ...
Beirut’s Southern Suburbs: Real Estate Sales Driven by Fear of a New War
This is Beirut 2025-10-28 19:40 - Reading : 2 minute(s)
The southern suburbs of Beirut are reportedly seeing an unprecedented wave of real estate sales amid rising tensions between Israel and Hezbollah. A political and military stronghold of the pro-Iranian militia, this densely populated area was heavily targeted during the fall 2024 war and continued to face strikes even after the ceasefire reached ...
Israel Launches Air Strikes on Gaza, Says Troops Attacked
This is Beirut 2025-10-28 23:31 - Reading : 5 minute(s)
Nawaf Salam Benjamin Netanyahu Palestine Hamas
Gaza's civil defense agency said Israel carried out air strikes Tuesday despite an ongoing ceasefire after accusing Hamas of attacking its troops and violating the US-brokered truce. At least 11 people were killed when one strike hit a house in Gaza City, the agency, which operates as a rescue force under Hamas, said. Prime Minister Benjamin ...
Mali’s Fuel Crisis: A Nationwide Standstill
Christiane Tager 2025-10-29 10:00 - Reading : 3 minute(s)
Banks International Monetary Fund
Since early September, queues at gas stations in Bamako have been endlessly growing. The jihadist group JNIM (Jamaʿat Nuṣrat al-Islam wal-Muslimin) has blocked fuel convoys from Senegal and Côte d’Ivoire, destroying nearly 100 tanker trucks, according to the Associated Press (AP). As a landlocked country, Mali relies on imports for more ...
As US Blows Up Drug Boats, Venezuelan Oil Sets Sail
This is Beirut 2025-10-29 11:45 - Reading : 4 minute(s)
USA Donald Trump Venezuela Drugs
While the American military blows up boats it claims are transporting drugs from Venezuela, observers say tankers shipping Venezuelan oil in violation of a US embargo continue to navigate the very same Caribbean waters undisturbed. Venezuelan President Nicolas Maduro has claimed a massive US military deployment within striking distance of his ...
Copper Price Hits Record High on US-China Hopes of Trade Truce
This is Beirut 2025-10-29 13:20 - Reading : 1 minute(s)
USA China Copper Economy Trade
The price of copper reached a record high in trading Wednesday, the industrial metal boosted by hopes of a truce in the US-China trade war. Copper hit $11,143 a tonne on the London Metal Exchange, also on concerns about tight global supply as a major mine in Indonesia remains shut following a deadly mudslide last month. The new high beat the ...
Gold Demand Hit Records as Price Soared
This is Beirut 2025-10-30 09:25 - Reading : 2 minute(s)
Nawaf Salam USA Gold Jewelry Interest
Demand for gold hit a record high in the third quarter as the precious metal's price hit all-time highs on geopolitical unrest, industry data showed Thursday. Total demand grew three percent year-on-year in the July-September period to 1,313 tonnes, the World Gold Council said, as the metal, perceived as a safe haven investment, benefitted from ...
Saddi Warns Lebanon 'cannot bear any additional debt'
This is Beirut 2025-10-30 16:15 - Reading : 2 minute(s)
Lebanon EDL Joe Saddi Iraq Dubai South Lebanon
Energy and Water Minister Joe Saddi defended his ministry’s energy policy, stressing that Lebanon “has nothing to hide” and is working to stabilize electricity production despite severe financial and technical constraints. In an interview with LBCI, Saddi said that public institutions in the South, including Electricity of Lebanon (EDL) and ...
Syrian Refugees’ Healthcare: End of Coverage Announced, a Looming Health Shock and Economic Headache
Makram Haddad 2025-11-01 09:00 - Reading : 5 minute(s)
Lebanon UNHCR Syrians in Lebanon Hospitalization
Since the start of the Syrian crisis, UNHCR has supported in Lebanon a hospital referral scheme (Referral Healthcare) alongside a network of primary care, allowing the most vulnerable to access deliveries, surgeries, and intensive care with a controlled out-of-pocket cost. In May 2024, for lack of funding, coverage was tightened to emergencies ...
Lebanese Households Struggle with Falling Purchasing Power
Christiane Tager 2025-10-24 11:25 - Reading : 2 minute(s)
From Beirut to Tripoli and throughout the Beqaa Valley, a common refrain echoes: “Prices have skyrocketed, it’s becoming unbearable.” “We’re facing hardship after hardship,” laments Mona, a mother of three. According to the Central Administration of Statistics, the Consumer Price Index (CPI) rose by 0.6% in September and by 15% over ...
Time Is Running Out for Lebanon to Avoid the Price of Hollow Politics
Charles Chartouni 2025-11-03 09:00 - Reading : 3 minute(s)
Nawaf Salam Lebanon Hezbollah United States
While Washington’s latest diplomatic efforts sought to convey a sense of urgency to Lebanon and forestall Israel from launching a new war, the country’s leaders have shown themselves to be ineffective and unwilling to break from the past. Just listening to President Joseph Aoun’s hollow pronouncements is enough to lose hope that Lebanon will ...
‘Innovation’ in Destruction: The Forgery of University Degrees
Michel Touma 2025-11-03 09:00 - Reading : 4 minute(s)
Lebanon Amal Hezbollah United States University education
During one of his many mass rallies held in a French province, the leader of La France insoumise, Jean-Luc Mélenchon, told his supporters that it was important to constantly maintain a climate of aggression and escalating verbal tension in political discourse, combined with efforts to stir up persistent instability on the ground. His stated goal ...
South Lebanon: Hezbollah and Christian Villages in Quiet Coexistence
Natasha Metni Torbey 2025-11-04 16:10 - Reading : 5 minute(s)
Lebanon Hezbollah South Lebanon Free Patriotic Movement Christians Shia
In some regions of southern Lebanon, particularly in Jezzine, Marjayoun, and Rmeish, predominantly Christian areas directly border localities where Hezbollah holds significant influence. These areas, where municipal networks, social structures, and political actors intertwine, reflect a deeply rooted sociopolitical reality shaped by geography, ...
Russian Reservists Face Call-Ups as Ukraine Hits Refineries
This is Beirut 2025-11-04 17:55 - Reading : 1 minute(s)
Russian President Vladimir Putin on Tuesday signed a law that allows using reservists to guard oil refineries after Ukrainian drone strikes led to gasoline shortages in some regions. Kyiv has been targeting Russian refineries in retribution for Moscow's drone and missile strikes in Ukraine, and in an attempt to cut off energy revenues that ...
Gold: Sell or Buy More?
Liliane Mokbel 2025-11-06 10:00 - Reading : 4 minute(s)
For years, gold was seen as a safe haven, more a way to store wealth than a true investment. Holding physical gold has traditionally been considered a long-term hedge against inflation. But the surge in the price of the yellow metal in 2025 has shaken that belief. With a rise of more than sixty percent since the start of the year, gold can no ...
Syrians Furious at Major Hike in Electricity Prices
This is Beirut 2025-11-06 13:55 - Reading : 3 minute(s)
Syria electricity poverty economy
In his workshop near the Syrian capital, Ghassan Aama is at a loss following a recent decision to massively hike electricity prices, even as much of the country continues to face extensive outages. Last month, the energy ministry raised prices by at least 60 times compared to the previous tariff, sending shockwaves through a population already ...
Lebanon Faces ‘Environmental Disaster’ From Syrian Refugee Camps
Hala Abdallah 2025-11-06 14:20 - Reading : 5 minute(s)
Lebanon Syrian refugees Syrian camps environment
Lebanon launched the eighth wave of voluntary returns of displaced Syrians on Thursday morning, with 448 refugees departing from the Rachid Karami International Fair in Tripoli toward the Al-Abbudieh border crossing in Akkar. The returnees were transported in five groups aboard 14 buses and 14 trucks, as part of an organized repatriation program ...
Hollywood Welcomes Back Meghan Markle in Upcoming Comedy Film
This is Beirut 2025-11-06 17:30 - Reading : 2 minute(s)
Nawaf Salam Film Meghan Markle Royals Britain Culture
Prince Harry's wife, Meghan Markle, is to make her return to the big screen, media reported Wednesday, with a small cameo role in a film being shot around Los Angeles. The Duchess of Sussex was reportedly shooting scenes for Close Personal Friends, which features Emily in Paris star Lily Collins alongside Jack Quaid, Brie Larson, and Henry ...
Writing Off Banks’ Capital Wipes Out Deposits
This is Beirut 2025-11-06 18:20 - Reading : 3 minute(s)
Lebanon Central Bank Karim Souhaid Yassine Jaber Economy Banks
The Governor of the Central Bank of Lebanon, Karim Souhaid, clarified the situation by declaring that Lebanon’s crisis is not purely a financial one but rather a systemic crisis in which the banking sector has become a victim. This is what Souhaid stated clearly during the parliamentary session dedicated to discussing the 2025 budget draft, ...
Napoleon’s Diamond Brooch to Shine at Sotheby’s Geneva Auction
This is Beirut 2025-11-07 10:30 - Reading : 2 minute(s)
Jewelry Auction Napoleon History Switzerland Culture
Spectacular diamonds valued at tens of millions of dollars will go under the hammer in Geneva next week, alongside a brooch seized from Napoleon as he fled the Battle of Waterloo. The unique brooch laden with old mine-cut diamonds, which has been valued at $150,000 to $250,000, will be the star piece at Sotheby's annual Royal & Noble Jewels sale ...
Hungary's Orban to Meet Trump in Face of Russia Oil Sanctions
This is Beirut 2025-11-07 11:31 - Reading : 3 minute(s)
Donald Trump European Union Viktor Orban Russia Oil Hungary
Hungary's nationalist Prime Minister Viktor Orban is due to meet Donald Trump in Washington on Friday for the first time since his ally was re-elected US president, as he seeks a waiver on American sanctions on Russian oil. The United States hit Russia's two biggest oil producers with sanctions last month, the first such measures ...
When Samir Hammoud Sacrifices Depositors to Please the IMF
This is Beirut 2025-11-07 15:20 - Reading : 4 minute(s)
Negotiation skills refer to the capacities and methods used by an individual when engaging in discussions with another party in order to reach an agreement that satisfies both sides, without sacrificing the rights or interests of either. Key negotiation skills include planning, managing expectations, persuasion, problem-solving, decision-making, ...
“If only I had known…” Once Again!
Marc Saikali 2025-11-08 08:00 - Reading : 2 minute(s)
Nawaf Salam Hamas Hezbollah South Lebanon
It was the famous line uttered by the late former secretary-general of Hezbollah after the disastrous war of 2006. Yet the pro-Iranian militia can’t seem to help itself — always eager to “help its neighbor,” especially when the one that pays the price is Lebanon. And so, it happened again in October 2023. The brilliant idea this time? ...
Raed Khoury: Eliminating Banks and Deposits Would Be a “Catastrophe”
Nadia Hallak 2025-11-08 09:00 - Reading : 4 minute(s)
Lebanon Economy IMF Banks Central Bank
As the financial collapse continues and losses keep mounting with no clear plan yet for their distribution, attention is once again turning to the stalled negotiations between the Lebanese government and the International Monetary Fund (IMF), amid conflicting official approaches on how to address the crisis and restructure the banking sector. The ...
Trump says all Canada Trade Talks 'Terminated' Over 'Fake' Ad
This is Beirut 2025-10-24 15:23 - Reading : 4 minute(s)
Donald Trump United States USA Canada
US President Donald Trump on Friday doubled down on his decision to end trade talks with Canada over an anti-tariff advertising campaign, a sudden about-face soon after a cordial White House meeting with Prime Minister Mark Carney. On his Truth Social network Thursday, Trump vented fury at what he called a "fake" ad ...