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Lebanon Claims a Strategic Position in Gold Reserves!
Christiane Tager 2025-02-10 20:40 - Reading : 3 minute(s)
Despite its significant economic challenges, Lebanon maintains a prominent position in terms of gold reserves in the Arab world. According to the latest report from the World Gold Council (WGC), the country ranks second among Arab nations with the largest gold reserves, holding an impressive total of around 287 tons by the end of 2024, equivalent ...
BDL’s Gold: An Untouchable Treasure or a Last Resort?
Liliane Mokbel 2025-03-05 19:10 - Reading : 3 minute(s)
Lebanon Banks Central Bank of Lebanon Gold Reserves
Following the government’s policy statement and the president’s inaugural speech, it is clear that a new momentum is emerging to address the pending economic issues. Controversial proposals are emerging, notably the idea of using Lebanon's Central Bank gold reserves (BDL) to partially bridge the financial deficit. However, it is evident that ...
Municipal Elections: The Cornerstone of Decentralization
Johnny Kortbawi 2025-03-18 11:00 - Reading : 2 minute(s)
Lebanon Municipalities Elections
Many fail to fully grasp the role and importance of municipal elections, which are largely regarded as little more than a routine event or a contest among families and relatives. Political parties further fuel these rivalries, especially in larger towns and villages, where they treat the poll and the local leaders as instruments to advance their ...
Head of Pro-Iran Armed Faction Arrested in Syria: SOHR
This is Beirut 2025-03-21 16:50 - Reading : 2 minute(s)
Syria Iran Security forces Deir Ezzor
Security forces in Syria's eastern city of Deir Ezzor have arrested the head of an Iran-affiliated faction that fought alongside ousted president Bashar al-Assad's forces, a war monitor said Friday. The Syrian Observatory for Human Rights said security forces detained Moayad Abdul Samad al-Douaihy in Deir Ezzor on Thursday. The Britain-based ...
Istanbul Mayor Arrested: An Economic Shock for Turkey
Christiane Tager 2025-03-24 20:55 - Reading : 3 minute(s)
Ekrem Imamoglu, mayor of Istanbul since 2019 and member of the Republican People's Party (Cumhuriyet Halk Partisi or CHP in Turkish), the main opposition party, was incarcerated after being convicted of “public insults” against government officials. This development comes at a particularly difficult time for the Turkish economy, already ...
Vacation Buzzkill: Canadians Cancel Summer Trips to Trump's America
This is Beirut 2025-03-26 18:20 - Reading : 3 minute(s)
Rosalie Cote and her parents vacationed in the US state of Maine every summer for 25 years -- but this year they are staying home, incensed like many Canadians by Donald Trump's threats of annexation and tariffs. The United States was the top destination for Canadian tourists, with 20.4 million visits reported last year by the US Travel ...
Lebanon's Central Bank Dilemma: Between Collapse and Recovery
Salam El Zaatari 2025-03-27 09:30 - Reading : 3 minute(s)
Lebanon Banks Central Bank Economy
Imagine a ship caught in a storm – battered, leaking and listing dangerously – while its crew argues not over how to navigate to safety, but whether to abandon ship entirely or simply repaint the deck. This is Lebanon today: a country sinking under the weight of a financial collapse, and yet, paralyzed by a bitter ideological struggle over ...
'Waited for Death': Ex-Detainees Recount Horrors of Sudan's RSF Prisons
This is Beirut 2025-03-31 09:50 - Reading : 4 minute(s)
For almost two years, Emad Mouawad had been repeatedly shuttled from one Sudanese paramilitary-run detention centre to another, terrified each day would be his last. The 44-year-old Egyptian merchant spent years selling home appliances in neighbouring Sudan before fighters from the paramilitary Rapid Support Forces (RSF) stormed his Khartoum home ...
Facing Egg Shortage, Americans Bring Chickens Home to Roost
This is Beirut 2025-02-13 09:45 - Reading : 4 minute(s)
A Houston poultry supply company is selling chickens like there is no tomorrow, as sky-high prices for eggs prompt some Americans to produce their own at home. A recent US outbreak of bird flu since early 2024 is exacting a heavy toll on poultry farms. More than 21 million egg-laying hens have been "depopulated" this year so far, after 13.2 ...
'Dog Man' Leads Box Office Despite 'Super Bowl' Weekend
This is Beirut 2025-02-10 10:30 - Reading : 2 minute(s)
Dog Man, a superhero comedy from Universal and DreamWorks based on popular kids' novels, held its lead in North American theaters for a second straight weekend, earning an estimated $13.7 million, industry watcher Exhibitor Relations said Sunday. The animated movie, a spinoff from the best-selling Captain Underpants series of graphic novels, saw ...
This is Beirut's 'Walk of Fame:' They Left Us in 2024
Bélinda Ibrahim 2024-12-31 10:30 - Reading : 10 minute(s)
Culture Artists Homage Celebrities Restrospective2024
This is Beirut presents its Walk of Fame dedicated to iconic figures from the artistic and cultural world who passed away in 2024. From Hussein Madi to Olivia Hussey, including Donald Sutherland and Alain Delon, this selection, far from exhaustive, pays tribute to individuals whose talent and legacy marked this painful year. Hussein Madi (88) ...
Nintendo Unveils Successor to Switch Console, Promises More Details in April
This is Beirut 2025-01-17 14:00 - Reading : 3 minute(s)
Nintendo has officially unveiled the successor to its immensely popular Switch console, promising to provide more details about the new device in April. The announcement marks the beginning of a new chapter for the gaming giant, following the extraordinary success of the Switch since its debut in 2017. As of late September 2024, Nintendo has sold ...
As Year Ends, Power Couple Brangelina Close Their Chapter
Madeleine Cadoux 2024-12-31 14:00 - Reading : 3 minute(s)
Cinema Art Humanitarian Culture Couple Stars
Famed actors Brad Pitt and Angelina Jolie signed their divorce settlement on Monday, as reported by People Magazine. This agreement brings a pivotal moment to their eight-year-long legal saga, a case that has captivated global audiences. Angelina Jolie’s attorney, James Simon, confirmed the settlement, stating that Jolie is “focused on ...
Attack in New Orleans: The Suspect is An Ex-Military Man ‘Inspired’ By The Islamic State Group
This is Beirut 2025-01-02 05:05 - Reading : 3 minute(s)
New York USA Terrorist attack New Orleans
Shamsud-Din Bahar Jabbar, the deceased suspect in the ram-vehicle attack in New Orleans that killed at least 15 people on Wednesday, was ‘inspired’ by the Islamic State group and had reportedly become radicalised in recent years. An estate agent and former soldier, the man was a 42-year-old American citizen born in Texas. US President Joe ...
Art and Culture Flourish in Uruguay’s Hidden Gem, Garzón
This is Beirut 2025-01-06 14:00 - Reading : 3 minute(s)
Art Heritage Culture Garzon Uruguay Festival
The chapel of Pueblo Garzón, a tiny village in Uruguay with just 200 inhabitants, has traded its traditional wooden pews for a sound installation by German artist Lukas Kühne, made of rubber hammers and crates. This transformation is no anomaly—every December since 2017, the village comes alive for Campo, an art festival founded by American ...
London’s National Gallery Hosts 'Van Gogh: Poets and Lovers'
This is Beirut 2025-01-10 14:00 - Reading : 2 minute(s)
Exhibition Culture Art Painting Artist
London's National Gallery has announced an unprecedented decision to extend its hours and remain open all night on January 17, accommodating the immense demand for its celebrated exhibition, Van Gogh: Poets and Lovers. This blockbuster showcase has already attracted more than 280,000 visitors, making it the gallery's third most successful paid ...
Exchange Rate Stability: Lebanese Pound Withstands the Surge
Christiane Tager 2025-01-11 13:00 - Reading : 2 minute(s)
Banks Central Bank of Lebanon Lebanese Pound Dollar Joseph Aoun
For some time now, rumors have suggested a drop in the exchange rate from 89,500 pounds per dollar to 50,000. However, Nassib Ghobril, Chief Economist at Byblos Bank, dismisses such claims as “not serious.” “The Lebanese pound has experienced a frenzied demand since the ceasefire and Thursday’s presidential election. Speculators started ...
Prada Considers Acquisition of Versace Amid Capri Holdings' Struggling Sales
This is Beirut 2025-01-12 10:30 - Reading : 2 minute(s)
The Italian luxury group Prada is one of the key players currently exploring the opportunity to acquire the Versace brand, recently put up for sale by its American owner, Capri Holdings. This decision comes at a delicate time for the luxury industry, especially in the face of a slowdown in demand. According to the economic daily Il Sole 24 Ore, ...
TikTok Faces Possible Ban in the US After January 19
Michael al-Andary 2025-01-14 13:10 - Reading : 3 minute(s)
USA Tik Tok Donald Trump US Congress
A regulation that might ban TikTok in the United States unless it finds an American buyer by January 19 has been upheld by a federal court. The ruling requires TikTok’s parent company, ByteDance, to either sell its US business or shut down in the country. Therefore, the well-known application which is currently used by 170 million Americans, ...
TikTok's US Future in Limbo after Supreme Court Ruling
This is Beirut 2025-01-17 21:27 - Reading : 3 minute(s)
TikTok US Supreme Court ByteDance China United States
The US Supreme Court on Friday upheld a law that could force TikTok to shut down in the United States, potentially cutting off the app's 170 million users within days. The unanimous ruling, which found the law does not violate free speech rights, dealt a major blow to TikTok and created uncertainty about what will happen when the ban ...
Trump's Gaza Plan Derails Saudi-Israel Ties: Analysts
This is Beirut 2025-02-07 12:00 - Reading : 4 minute(s)
Nawaf Salam Donald Trump Benjamin Netanyahu Gaza Saudi Arabia
US President Donald Trump's plan to take over Gaza will imperil attempts to forge landmark ties between Saudi Arabia and Israel and fuel anti-American sentiment in the oil-rich kingdom, analysts said. Trump's proposal to redevelop Gaza and oust the more than two million Palestinians living in the territory prompted a global backlash and enraged ...
Gaza Truce Takes Effect with Nearly a Three-Hour Delay
This is Beirut 2025-01-19 09:45 - Reading : 5 minute(s)
Nawaf Salam Hamas Donald Trump Benjamin Netanyahu Palestine
After 15 months of war in the Gaza Strip, Israel announced on Sunday the implementation of a ceasefire with Hamas, delayed by nearly three hours due to Hamas publishing the names of hostages scheduled for release that day. The Qatari mediator also confirmed on Sunday the enforcement of the ceasefire in Gaza, noting that the names of the three ...
The Trump Team Takes Shape: Part 2 – Nominations Not Subject to Senate Confirmation
Sana Richa Choucair 2025-01-20 12:00 - Reading : 6 minute(s)
Donald Trump Republicans Middle East
In the United States, the Constitution mandates that certain presidential appointments receive Senate approval through a confirmation vote. A new president is tasked with filling over 1,200 positions within the Executive Branch, subject to the Senate’s advice and consent, according to the Center for Presidential Transition. These appointments ...
Al Habtoor Halts Investments and Plans Full Exit from Lebanon
This is Beirut 2025-01-28 11:20 - Reading : 1 minute(s)
Emirati businessman Khalaf Al Habtoor has announced the cancellation of all planned investment projects in Lebanon, citing the country’s deteriorating security and economic stability. The decision marks a significant blow to Lebanon’s investment landscape, which has struggled to attract foreign capital amid ongoing political and financial ...
Putin Approves Goldman Sachs' Russia Exit
This is Beirut 2025-01-31 20:20 - Reading : 1 minute(s)
Ukraine USA Vladimir Putin Goldman Sachs
Russian President Vladimir Putin on Friday gave the green light to investment bank Goldman Sachs to offload its Russian subsidiary, a highly symbolic departure amid the Western corporate exodus. The US bank, which was hired by the Kremlin in the 1990s to help attract foreign investors, announced plans to leave Russia in March 2022, just days ...
'Made in Lebanon:' When Local Takes Root
Victoria C. Werling 2025-02-01 16:00 - Reading : 4 minute(s)
Wines, condiments of all kinds, baskets filled with honey, cakes and jams — stepping into Convivio in Antelias is like immersing yourself in the heart of Lebanese terroir. Since 2019, sisters Mirvat and Karine Sarkis have carefully curated the products they offer in their store. “When the economic crisis started, we decided to sell Lebanese ...
Aston Villa Sign Rashford on Loan From Man Utd
This is Beirut 2025-02-03 15:45 - Reading : 3 minute(s)
Manchester United Aston Villa Marcus Rashford
Aston Villa signed Marcus Rashford on loan from Manchester United for the rest of the season on Sunday to end the England international's exile under Ruben Amorim at Old Trafford. Once a hero for the United fans, Rashford has not featured for his boyhood club since December 12 and admitted earlier this season he was ready for a "new ...
Redefining Romance: Emily Blaine's 'Dear You' Series Adaptation
This is Beirut 2025-02-07 10:30 - Reading : 3 minute(s)
Culture Series Author Art Book Film
Emily Blaine had envisioned in her novel Dear You an alpha male, a dark and brooding businessman. In the series adaptation, over a decade later, this hero has changed—shyer, less seductive. “Thrilled and proud to be the first French romance author adapted into a series,” declares the author during the press presentation of the series Dear ...
Taylor Swift Shares Emotional Response to Vienna Terror Threat
Béatrice Moreau 2024-08-23 17:45 - Reading : 6 minute(s)
In a heartfelt Instagram post, pop superstar Taylor Swift opens up about the cancellation of her Vienna concerts due to a terror threat, expressing a mix of fear, guilt and gratitude. American pop icon Taylor Swift has finally addressed the cancellation of her three highly anticipated concerts in Vienna, which were called off due to an alleged ...
Blake Lively Leads ‘It Ends with Us’ Film Adaptation
2024-08-14 14:11 - Reading : 3 minute(s)
Jamais Plus, the film adaptation of France’s fifth best-selling book in 2023, It Ends with Us by Colleen Hoover, starring Blake Lively, debuts this Wednesday, August 14. Jamais Plus, the film adaptation of France’s fifth best-selling book of 2023, It Ends with Us, a new romance bestseller by American writer Colleen Hoover, arrives in ...