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The Next Israel–Hezbollah War Could Be Inevitable — and Crippling for Hezbollah

When Israeli jets struck Beirut’s Haret Hreik on 23 November 2025 and killed Haitham Ali Tabatabai, Hezbollah’s chief of staff and the man responsible for rebuilding its shattered military infrastructure, the message was unmistakable. Israel was not simply targeting a militant; it was signaling that the post-war “ceasefire” is dead, that ...

Fabergé’s Winter Egg Sets New Auction Record at £22.9 Million at Christie’s

Fabergé's The Winter Egg, considered one of his most beautiful creations, sold for nearly £23 million ($30 million) at auction Tuesday in London, smashing the sales record for the legendary jeweler of Imperial Russia. It is the third time the delicate bejeweled egg, which went under the hammer at Christie's auction house, has ...

Saudi Powers Forward with Deficit Spending to Fund Reforms

Saudi Arabia greenlit its 2026 budget Tuesday, projecting a deficit of 165 billion riyals ($44 billion) as the kingdom presses on with an ambitious spending drive to diversify its oil-dependent economy. The Arab world's largest economy is overseeing a major push to slash its dependence on oil revenues, with officials pouring billions into ...

Silos of Beirut: Autopsy of an Announced Pollution

On 4 August 2020, Beirut exploded a first time, in a flash of ammonium nitrate, debris and shattered glass. Since then, the city has continued to explode in a muffled way: in the bronchi of the inhabitants, in the lungs of the children of Karantina, in the gutted silos that spit back out heat, smoke and dust. Last Thursday, the file came back ...

Rare Fabergé 'Winter Egg' Expected to Break Records in London

The Winter Egg, one of Faberge's most dazzling creations, is due to be auctioned in London next week and set another sales price record for the legendary jeweler of Imperial Russia. The egg, commissioned by Tsar Nicholas II in 1913 as an Easter gift to his mother, is expected to fetch at least £20 million ($26 million), according to Christie's ...

Saudi Residents Report Booze Ban Eased for Select Foreigners

Diplomats and premium visa-holders in Saudi Arabia told AFP that the conservative kingdom has quietly eased restrictions on purchasing alcohol for select foreign residents. While the government has not made any statements regarding the sale of alcohol in recent days, the sources said non-Muslim individuals with so-called premium resident status ...

Botox: The Restorative Needle – Miracle or Risk?

Looking to wipe out those stubborn lines at the corners of the eyes or across the forehead? Botox, the undisputed star of aesthetic medicine, promises this little miracle in under ten minutes – an ultra-fine needle, a few well-placed injections, and your face looks refreshed again, sometimes within a week. The secret? Type A botulinum toxin, a ...

Israel Denies Gaza 'Mass Starvation' Accusations

Israel on Wednesday hit back at growing international criticism that it was behind chronic food shortages in Gaza, instead accusing Hamas of deliberately creating a humanitarian crisis in the Palestinian territory. More than 100 aid and human rights groups said earlier Wednesday that "mass starvation" was spreading in the Gaza Strip, and France ...

Five Things to Know About Nigeria's Oil Sector

Africa's biggest oil refinery will on Friday start direct and free shipping of fuel to retailers in Nigeria, a move expected to disrupt the oil sector in the continent's largest crude producer. Nigeria's Dangote Refinery says that the plan will boost efficiency by cutting down on intermediaries while providing more competitive options for ...

Iran Seizes Foreign Tanker Over Fuel Smuggling

Iranian authorities have seized a foreign tanker accused of smuggling fuel in the Gulf waters and arrested its 17 crew members, local media reported Monday. "Police border guards in Hormozgan province seized a tanker named Phoenix, flying the flag of a third country, in Iranian territorial waters," ISNA news agency reported, without ...

Trump Says Gold Will Not Face Tariffs after Customs Confusion

US President Donald Trump said Monday that gold imports will not face additional tariffs, days after confusion flared on whether recent hikes applied to certain gold bars, threatening to upend global trade of the precious metal. Trump's comments came after US customs authorities made public a letter saying that gold bars at two standard weights, ...

Taylor Swift Announces 12th Album for 'pre pre-order'

US popstar Taylor Swift announced her 12th album, titled The Life of a Showgirl, for "pre pre-order" just after midnight Tuesday in posts on her website. Her online shop displayed blurred images of a record, CD and cassette tape overlaid with a glittery orange lock, explaining the album artwork would be "revealed at a later date." A disclaimer ...

Kim Novak, Hollywood’s Free-Spirited Star Honored in Venice

Born Marilyn Pauline Novak on February 13, 1933, in Chicago, Kim Novak was never just another actress. With her sculpted features, melancholy gaze and enigmatic screen presence, she emerged in the 1950s as one of Hollywood’s defining figures. Yet behind that meteoric rise was a fiercely independent woman who resisted the rules of the studio ...

When Luxury Faces Economic Headwinds

Tourism has long been the lifeblood of luxury, injecting vitality and a steady flow of affluent clients into prestigious fashion houses. Each summer, cities like Paris, Milan and Tokyo transform into prime destinations for wealthy international shoppers eager to find unique pieces and limited editions. In 2024, the system worked smoothly: a ...

Rebuilding in Devastated Mariupol Under Russia's Thumb

Sun-seekers crowded onto the beach in Mariupol in Russian-controlled eastern Ukraine -- a devastated city which Moscow wants to turn into an improbable seaside resort. "Take a dip in the Sea of Azov!" said 52-year-old local Ivan, who like other beach goers lapped up the good weather and mild waters of a coastline that is now entirely ...

Lebanon’s Heatwave Fails to Boost Fan Sales

Lebanon is sweltering under a powerful heatwave this week, but contrary to popular belief, the soaring temperatures have not sparked a rush to buy fans. Appliance shop owners say sales remain flat compared to last summer, with some even suggesting that last year’s sales were higher despite this week’s intense heat. In Beirut, from Corniche ...

Kuwait Grants $1.5 Million for Lebanon Grain Silos Studies

Minister of Economy and Trade Amer Bisat announced on Wednesday that Lebanon has received a $1.5 million grant from the State of Kuwait to fund detailed feasibility studies for the construction of new grain silos across the country. Provided through the Kuwait Fund for Arab Economic Development, the grant marks the first step toward rebuilding ...

I Could Have Told You… But You Already Know

When putting together an editorial, you spend a lot of time mulling things over before settling on what we in the business call an “angle.” But sometimes, there are so many angles, overlapping in every direction, that you end up going in… circles (I know, not the most mathematically precise image). I could have told you about Ahmad ...

Bitcoin Hits Record High Above $124,000

Bitcoin hit a record high on Thursday during early Asian trading, surpassing $124,000, driven by favorable US legislation and a rise in US equities. The cryptocurrency rose above its previous July record, briefly exceeding $124,500 before retreating. US stocks ended higher Wednesday, with the S&P 500 index and the tech-heavy Nasdaq reaching new ...

Water Shortages Plague Beirut as Low Rainfall Compounds Woes

People are buying water by the truckload in Beirut as the state supply faces its worst shortages in years, with the leaky public sector struggling after record-low rainfall and local wells running dry. "State water used to come every other day, now it's every three days," said Rima al-Sabaa, 50, rinsing dishes carefully in Burj al-Baranjeh, in ...

Urban Furnaces or Cool Oases: The Choice Lies Inside Our Walls

Heat is no longer just a summer inconvenience. With extreme heatwaves becoming more frequent, it is now a risk factor for health, the economy and quality of life. In a country like Lebanon, where urbanization has surged without climate adaptation planning, heatwaves often become an ordeal. Many buildings are made of heat-retaining materials, ...

Starlink in Lebanon: Hopes, Fears and the Battle for the Digital Sky

On Wednesday, Telecommunications Minister Charles Hage removed from the Cabinet agenda a draft law aimed at regulating Starlink’s entry into Lebanon. Officially, the move allows for further study. Unofficially, the issue is already fueling political tensions and heated debate: Is it a threat to digital sovereignty or an opportunity to ...

Golden Controllers: The Hidden Economy of Video Games

Free to play… yet astonishingly profitable, today’s video games turn our clicks into cash. Microtransactions, virtual concerts and blockbuster partnerships have made Fortnite, Candy Crush and their peers billion-dollar giants. And in Lebanon, players show no sign of putting down their controllers anytime soon. Video games, once seen as mere ...

Tariff: A Price on Everything?

Since his return to the White House in January 2025, Donald Trump has revived the rhetoric of trade wars, invoking the word “tariff” at every turn. Whether announcing new import taxes on European goods or boasting of protecting American jobs, he treats tariffs not just as economic levers but as symbols of strength. Yet beneath this hardline ...

'Ketamine Queen' to Plead Guilty in Matthew Perry's Death

A dealer dubbed the "Ketamine Queen" has agreed to plead guilty to supplying the drugs that killed Friends’ actor Matthew Perry, the US Department of Justice said Monday. Jasveen Sangha, 42, will admit several charges, including one of distribution of ketamine resulting in death or serious bodily injury in relation to the late star. Sangha, ...

Economy Minister Warns Generator Owners of Legal Action Over Non-Compliance

A high-level meeting on the private electricity generator sector brought together generator owners, representatives from the Ministries of Economy, Energy, Interior, and Environment, and security agencies. The session concluded with key regulatory decisions aimed at standardizing the sector. Speaking at a press conference following the meeting, ...

Trump Raises Pressure on Fed With Call for Governor To Resign

President Donald Trump ramped up pressure on the US central bank Wednesday with a call for Federal Reserve Governor Lisa Cook to step down, as he repeatedly criticizes Fed Chair Jerome Powell for not lowering interest rates. "Cook must resign, now!!!" Trump wrote on his Truth Social platform, sharing a Bloomberg news report on how the ...

Consumer Price Index: 1.32% Rise in July

In July, Lebanon’s consumer price index (CPI) increased by 1.32% compared to the previous month and by 14.27% year-on-year, the Central Administration of Statistics (CAS) reported. The monthly CPI changes for July 2025 by region are as follows: Beirut: +1.87% Mount Lebanon: +1.46% North Lebanon: +1.10% Bekaa: +1.10% South Lebanon: ...