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Strait of Hormuz Faces Potential Closure Amid Rising Regional Tensions
This is Beirut 2025-06-23 14:50 - Reading : 6 minute(s)
Nawaf Salam Strait of Hormuz Iran Oil Gas
Iran’s parliament gave the green light to a proposal to shut down the Strait of Hormuz on Sunday, a step that needs clearance from the security authorities. Such a move could significantly disrupt worldwide oil shipments and heighten tensions in an already unstable region. The Strait, which narrows to just 33 kilometers at its slimmest point, ...
UN Working for Ceasefire in Besieged Sudan City
This is Beirut 2025-06-27 22:55 - Reading : 3 minute(s)
UN Secretary-General Antonio Guterres said Friday he has been in contact with the warring sides in Sudan to try to reach a ceasefire in the besieged and starving city of El-Fasher. Sudan's army chief Abdel Fattah al-Burhan has agreed in principle to such a humanitarian pause, his ruling Transitional Council said. But the opposing paramilitary ...
Oil Prices Fall More than 7% after Iran Attacks US Military Base
This is Beirut 2025-06-23 22:44 - Reading : 1 minute(s)
Nawaf Salam United States Qatar Iran Middle East Oil & Gas
Oil prices sank more than six percent Monday after Iran attacked a US military base in neighboring Qatar in retaliation for US weekend strikes on Iranian nuclear facilities. Near 1815 GMT, futures for West Texas Intermediate fell 7.22 percent to $68.51 a barrel, while Brent oil futures dropped 7.18 percent to $72.07 a barrel, its lowest level in ...
Israel-Iran, Day 12: Daybreak Confusion, Ceasefire Claims Collide with Renewed Strikes
This is Beirut 2025-06-24 06:15 - Reading : 6 minute(s)
Nawaf Salam Iran United States
At dawn on Tuesday, uncertainty still seems to master of ceremony. What was announced just hours earlier as the beginning of a ceasefire appeared anything but, as missile sirens blared across Israeli cities and explosions lit up the skies over Tehran. As U.S. President Donald Trump announced that the ceasefire had taken effect Tuesday morning, ...
Oil Prices Drop as Israel Agrees to Ceasefire Proposal
This is Beirut 2025-06-24 10:40 - Reading : 3 minute(s)
Nawaf Salam Ceasefire Donald Trump Middle East Oil Markets
Oil prices sank more than five percent Tuesday after Israel said it had agreed to US President Donald Trump's proposal for a bilateral ceasefire with Iran. Shares in Asia were buoyant, as fears of an energy market shock eased following 12 days of war between Israel and its arch-foe. London, Paris and Frankfurt also rose at the open. At around ...
Zelensky-Trump Meeting Planned Wednesday
This is Beirut 2025-06-24 15:50 - Reading : 1 minute(s)
Nawaf Salam Trump Zelensky NATO Ukraine Russia
Volodymyr Zelensky and US President Donald Trump are planning to meet on Wednesday on the sidelines of the NATO summit in The Hague, a senior source in the Ukrainian presidency told AFP. The war-time leader has been a central figure at recent summits but given his fractious relationship with Trump, Zelensky has not been invited to the main ...
Gold, Thrones, Diamonds: The Imperial Treasure Iran Keeps Hidden
Bélinda Ibrahim 2025-06-24 17:00 - Reading : 4 minute(s)
Iran Treasure Jewels Shah Pahlavi
It’s a treasure few have seen, yet one that specialists regard with awe. Behind armored doors, deep within the basement of Tehran’s Central Bank, lies what some historians consider the world’s most valuable collection of jewels—surpassing even those of the British monarchy. Amassed over more than 500 years of imperial history and expanded ...
Oil Slides, Stocks Rise as Trump Says Iran-Israel Ceasefire Holds
This is Beirut 2025-06-24 17:35 - Reading : 3 minute(s)
United States Donald Trump Oil & Gas China Iran
Oil prices sank and stock markets rose Tuesday as US President Donald Trump said a ceasefire between Iran and Israel was taking hold after he berated both countries for violating the truce. In volatile trading, crude futures slumped more than five percent after Trump announced a ceasefire. "This morning's ceasefire further reduced the perceived ...
Minimum Wage: The Debate Heats Up Again
Liliane Mokbel 2025-06-24 21:00 - Reading : 2 minute(s)
As regional tensions momentarily subside, Lebanese households refocus on their most urgent issue: wages. The minimum wage debate has resurfaced under intense social pressure, yet concrete progress remains elusive. The sudden silence from the labor minister adds to the growing uncertainty. Notably, the latest minimum wage increase did not ...
As War Recedes, Oil Prices Plunge and Markets Rally
Christiane Tager 2025-06-24 22:00 - Reading : 3 minute(s)
Nawaf Salam Donald Trump Europe Tehran oil
From Cold Sweats to Cooling Oil: Why Crude Prices Are Plunging After the Iran-Israel De-Escalation A bomb can send oil prices soaring – unless it doesn’t hit as hard as expected. That’s exactly what played out in the markets following Iran’s limited strike on a United States base in Qatar, followed by a surprise ceasefire between Tehran ...
Saint Laurent, Vuitton Light Up Paris Men's Fashion Week
This is Beirut 2025-06-25 10:30 - Reading : 4 minute(s)
Fashion Culture Paris Paris Fashion Week France Art
Saint Laurent and Vuitton opened Paris Men's Fashion Week on Tuesday with collections tinged with retro influences, as the industry reels from the revolving door of creative directors and a diminished appetite for luxury goods. Saint Laurent Returns with Playful Retro Style Saint Laurent kicked things off with a playful spring-summer 2026 ...
Turkey Breathes Easier as Iran-Israel Truce Eases Fallout Risk
This is Beirut 2025-06-25 13:40 - Reading : 4 minute(s)
Nawaf Salam Turkey Donald Trump Middle East Iran
As the fragile Iran-Israel truce took hold, there was no letup in Turkey's diplomatic efforts Wednesday to prevent any return to a conflict fraught with risk for Ankara's domestic and regional policies. Hours after US President Donald Trump announced the ceasefire, Turkey's President Recep Tayyip Erdogan met him for talks on the sidelines of a ...
Brief Surge Lifts Airline Stocks Amid Geopolitical Relief
Liliane Mokbel 2025-06-26 08:10 - Reading : 1 minute(s)
Nawaf Salam United Arab Emirates Airline Stocks
European markets opened slightly higher on Wednesday, hovering between caution and relief following the announcement of a fragile truce between Israel and Iran. In early trading, Paris was up 0.17%, Frankfurt 0.20%, London 0.16%, and Milan 0.34%. The previous day, attention had shifted to the aviation sector, buoyed by hopes of easing ...
Bitter Fruits, Pricey Greens: Lebanon’s Food Basket Feels the Heat
Christiane Tager 2025-06-26 11:30 - Reading : 2 minute(s)
War Drought Fruit Vegetables Price
Think your tomatoes are overpriced? It’s not a pricing trick. It's the harsh reality of Lebanon’s agricultural market in 2025. Amid unpredictable weather patterns, ongoing conflict, soaring fuel prices, and fertilizer costs reaching unprecedented heights, the prices of fruits and vegetables have climbed to new levels. Ibrahim Tarchichi, ...
Napoleon Collection Auction Fetches Over $10M in Paris
This is Beirut 2025-06-26 12:30 - Reading : 1 minute(s)
History Napoleon Auction Sotheby's France Culture
A massive trove of artwork and curios linked to Napoleon Bonaparte, including one of his iconic bicorne hats, has sold for more than $10 million in Paris, an auction house said. Sotheby's said it had originally estimated the more than 110 items of Napoleonic memorabilia that it sold on Wednesday at around $7 million. Famous paintings of the ...
A Home for $100,000: Housing Bank Boosts Loan Cap
Christiane Tager 2025-06-27 21:20 - Reading : 2 minute(s)
The Housing Bank (Banque de l'Habitat, BDH) has raised the ceiling for subsidized housing loans to $100,000. No miracle here, just solid financing. “This increase from $50,000 to $100,000 was made possible by a funding package – currently under negotiation – granted by the Qatar Fund to the Housing Bank,” said BDH CEO Antoine Habib in a ...
Karl Lagerfeld’s Private French Villa Heads to Public Auction
This is Beirut 2025-06-28 11:00 - Reading : 3 minute(s)
Karl Lagerfeld Auction Fashion Culture Art France
Hidden from view, once a creative sanctuary and reception venue, a former residence of iconic German fashion designer Karl Lagerfeld is headed for public auction this Tuesday under France’s notarial system. Purchased by Lagerfeld in 2010, the “Domaine de Voisins,” located in Louveciennes (Yvelines), was dubbed his villa outside Paris. The ...
Is Iran’s Economy on the Brink?
Christiane Tager 2025-07-07 17:25 - Reading : 2 minute(s)
Nawaf Salam International Monetary Fund Iran economy
The war may be over in Iran, the missiles silenced — but another battle rages on: the economy. After decades under crippling sanctions, battered by soaring inflation and a plunging currency, Tehran is still holding on. But for how long? While the military front has quieted, the economic one remains on high alert. For years, the Islamic Republic ...
$4 Billion: The True Weight of Lebanon’s Agriculture Sector
Liliane Mokbel 2025-06-28 14:00 - Reading : less than a minute
Lebanon agriculture economy food
As Lebanon endures a prolonged economic crisis, one figure remains widely overlooked: the country’s agriculture sector generates over $4 billion annually when including the entire value chain: transport, packaging, and agro-food processing. On its own, raw agricultural production is valued at $2.2 billion per year. Strengthening agriculture and ...
Renewables and Diversification: The Gulf’s Strategy
Alexandre Baz 2025-06-29 12:30 - Reading : 3 minute(s)
Gulf Bahrain European Union International Monetary Fund Saudi Arabia
After decades of prosperity built on fossil fuels, the Gulf monarchies are increasingly turning toward green hydrogen, pursuing a dual goal: diversifying their economies and demonstrating a credible commitment to tackling climate change. As Karim Elgendy, an ecological transition specialist, told AFP, “The Gulf states want to lead the global ...
Buying Brains: Meta’s $100M Bonuses Spark AI Talent War
This is Beirut 2025-06-30 12:45 - Reading : 3 minute(s)
Meta Artificial intelligence Talent Race
Mark Zuckerberg and Meta are spending billions of dollars for top talent to make up ground in the generative artificial intelligence race, sparking doubt about the wisdom of the spree. OpenAI boss Sam Altman recently lamented that Meta has offered $100 million bonuses to engineers who jump to Zuckerberg's ship, where hefty salaries await. A few ...
Lebanon: A Laboratory for a Pharmaceutical Industry in Full Transformation
Makram Haddad 2025-07-02 09:00 - Reading : 5 minute(s)
Lebanon Pharmaceutical industry Crisis
Lebanon has always played a central role in the health field in the Middle East. A land of renowned hospitals, foreign-trained doctors, Gulf patients and proven pharmaceutical know-how, the 1990s saw the return in force of multinational drug companies, firmly established in a country relying on imports as a guarantee of quality in a liberal ...
South Lebanon’s Young Pioneers: Rebuilding Life Against the Odds
Katia Kahil 2025-07-02 13:10 - Reading : 5 minute(s)
Lebanon South Lebanon war youth
In South Lebanon, where the scars of past conflicts still run deep, a fresh wave of energy is quietly taking root. It isn’t the product of government initiatives, but rather the determined work of a young generation refusing to succumb to despair. Against all odds, young entrepreneurs are returning to their villages, reopening shops, cafés, ...
Iran: What Are the Chances for a Popular Uprising?
Natasha Metni Torbey 2025-07-02 14:35 - Reading : 6 minute(s)
Nawaf Salam Iran United States
The recent regional war that has shaken the Middle East has reignited a persistent question: Is Iran now on the brink of a large-scale popular uprising capable of shaking, or even overthrowing, the current regime? Could the current circumstances truly lead to a profound political transformation, or should we instead expect a tightening of ...
Ireland Hosts First Ever Saint Charbel Conference
Chelsea Al Arif 2025-07-02 15:25 - Reading : 3 minute(s)
This summer, from July 11 to 13, Meigh in County Armagh will host a landmark gathering for Catholics across Ireland and the United Kingdom: the first-ever Saint Charbel Conference. Organized by the Family of Saint Charbel Ireland, the event invites participants into a rich journey of Maronite mysticism, ancient liturgy and devotion to ...
Skyward Conflict: Israel and Iran Fuel Soaring Aviation Expenses
Christiane Tager 2025-07-02 19:40 - Reading : 2 minute(s)
Nawaf Salam Lebanon Iran Conflict Aviation
During the Israeli airstrikes on Tehran that started on June 13, airlines steered clear of Iranian airspace and several strategic zones in the Gulf. Over the 12 days of war, more than 3,000 flights were cancelled each day, according to Flightradar24. Those that managed to take off were forced into long detours, north, east or south, to avoid the ...
Trump Says Vietnam to Face 20% Tariff under 'Great' Deal
This is Beirut 2025-07-02 19:51 - Reading : 3 minute(s)
United States Donald Trump Vietnam Tariffs
President Donald Trump announced Wednesday that he had struck a trade deal with Vietnam under which the country would face a minimum 20 percent tariff and open its market to US products. The deal comes less than a week before Trump's self-imposed July 9 deadline for steeper tariffs on US trade partners to take effect if agreements are not ...
Sean "Diddy" Combs Acquitted of Sex Trafficking, Convicted on Lesser Charge
This is Beirut 2025-07-03 10:50 - Reading : 5 minute(s)
Nawaf Salam Music Trial Diddy Entertainment Culture
Music mogul Sean "Diddy" Combs was found not guilty of racketeering and sex trafficking Wednesday but convicted of a less serious prostitution charge after a high-profile marathon trial in New York. Combs was denied bail after the jury found him guilty of two counts of transportation to engage in prostitution, each of which carries a maximum ...
Oasis Reunion Tour Ignites Cardiff With Britpop Thunder
This is Beirut 2025-07-04 10:35 - Reading : 3 minute(s)
Oasis Concert Tour UK Music Culture
Tens of thousands of ecstatic Oasis fans descended Friday on Cardiff as the legendary Britpop band kicked off a highly anticipated reunion tour nearly 16 years after last performing together. The concert at the Principality Stadium in the Welsh capital was the first of a 41-date run of gigs spanning the world, including the United States, Japan, ...
Basketball – Finals: Riyadi Strikes First, La Sagesse Under Pressure
Makram Haddad 2025-07-05 13:20 - Reading : 3 minute(s)
Even without its king, Riyadi keeps the crown in sight. In the absence of their playmaker Wael Arakji, who is sidelined with a shoulder injury from the Asian Champions League, the reigning champions didn’t flinch. On Friday night, in a packed and heated Saïb Salam arena, the Yellows dominated their eternal rivals La Sagesse (86-81) to take the ...