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BDL Takes Action: Ban on Transactions with Al-Qard Al-Hassan & co.
This is Beirut 2025-07-15 14:50 - Reading : 4 minute(s)
Banks Banque du Liban Central Bank of Lebanon
The circular (No. 170) published by the Banque du Liban, accompanied by Basic Decision No. 13335, marks a decisive turning point in regulating the Lebanese financial sector. By formally banning banks and financial institutions from any relationship with unauthorized entities, particularly the association Al-Qard Al-Hassan, the Banque du Liban is ...
BDL Orders Institutions to Accept Old US Dollar Notes
This is Beirut 2025-07-08 18:00 - Reading : 1 minute(s)
Banque du Liban Central Bank of Lebanon
The Banque du Liban (BDL) has issued a directive requiring all banks, financial institutions, money exchange companies and electronic money transfer firms operating in Lebanon to accept all authentic US dollar banknotes, regardless of whether they are from older or newer series. In a statement released on Tuesday, the central bank emphasized that ...
BRICS Summit in Rio: A Leaderless Giant in a Fractured World
Sarah Martin 2025-07-07 18:45 - Reading : 4 minute(s)
They were meant to embody an alternative. In Rio de Janeiro, the expanded BRICS+ group of emerging powers showcased impressive numbers: over 50% of the world’s population and around 40% of global GDP. But the summit on July 6 and 7 mostly highlighted their shortcomings — a striking lack of leadership, an absence of cohesion and a political ...
Parliament Debates Security, Sovereignty and State Reforms
This is Beirut 2025-07-15 20:40 - Reading : 3 minute(s)
Lebanon Hezbollah United Nations Nabih Berri Samy Gemayel
Parliament reconvened on Tuesday afternoon to resume discussions on the government’s general policy agenda, following a break announced by Speaker Nabih Berri earlier in the day. The morning session had opened at 11 AM in the presence of Prime Minister Nawaf Salam, cabinet ministers and MPs. Although the session was largely calm and orderly, a ...
Civilian Killings in South Sudan Hit Highest Level Since 2020
This is Beirut 2025-07-02 19:10 - Reading : 2 minute(s)
The number of civilians killed in South Sudan has soared to the highest in almost five years, the United Nations said on Wednesday. The unstable east African nation has seen a drastic uptick in violence since simmering rivalry between President Salva Kiir and his vice-president, Riek Machar, boiled over into open hostilities. The detention in ...
Russia’s Population Plummets as War, Alcoholism, and Low Birth Rates Collide
This is Beirut 2025-06-30 10:15 - Reading : 4 minute(s)
Freshly married to a policeman, office manager Angelina Alexeyeva has been motivated by President Vladimir Putin's plea for Russians to have more children, part of the Kremlin's ultra-patriotic drive as its Ukraine offensive drags on. Russia's dwindling birth rate has been one of Putin's main worries during his 25-year rule. And with Moscow ...
Khalaf Warns: “Comprehensive Plan Urgently Needed”
This is Beirut 2025-06-30 12:15 - Reading : 2 minute(s)
Lebanon Fadi Khalaf Central Bank Bank Association Lebanon
In an op-ed published ahead of the Association of Banks in Lebanon’s (ABL) monthly report, Secretary General Fadi Khalaf once again sounded the alarm, warning that the absence of a comprehensive solution remains the greatest threat to Lebanon’s economic and financial future. With the country’s systemic crisis entering its sixth year, Khalaf ...
Casino du Liban: Hitting the Jackpot of Scandal
This is Beirut 2025-07-01 16:25 - Reading : 4 minute(s)
Lebanon Free Patriotic Movement Gebran Bassil Casino du Liban corruption gambling
For decades a beacon of entertainment in Maameltein, Casino du Liban now finds itself at the heart of a storm of scandal and investigation. At the center of a sprawling probe—where suspicions of money laundering, illegal online gambling, political collusion and opaque financial schemes converge—the iconic casino has been entangled in a series ...
Big Beautiful Bill: America’s Divisive Tax Overhaul
Mario Chartouni 2025-07-02 08:25 - Reading : 5 minute(s)
Nawaf Salam Donald Trump Republicans US House of Representatives Democrats Budget
Passed by the US Senate last Tuesday by a majority of 51 votes to 50, thanks to the decisive vote of Vice President J.D. Vance, the One Big Beautiful Bill Act (OBBBA), nicknamed the “Big Beautiful Bill” (BBB), is currently the most ambitious and polarizing budget bill championed by Donald Trump since his return to the political ...
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 ...
Lebanon’s Gas Station Owners Syndicate Elects New Executive Council After Four-Year Vacancy
This is Beirut 2025-07-02 11:55 - Reading : 1 minute(s)
After more than four years without leadership, Lebanon’s Syndicate of Gas Station Owners has elected a new executive council. The vote took place on June 19 during the syndicate’s General Assembly, and the newly appointed council held its first meeting on Tuesday at the union’s headquarters in Adlieh. Georges Brax, succeeding his late ...
BTS to Drop New Album and World Tour in 2026
This is Beirut 2025-07-02 14:00 - Reading : 3 minute(s)
BTS Korea Concert Music Culture Art
BTS agency HYBE confirmed Wednesday that the K-pop megastars would release a new album and go on tour in 2026, with the group's livestream announcement of their return attracting more than seven million views. The seven-member group had been on a self-described hiatus since 2022 while they undertook their mandatory military service — required ...
Iran Ends Cooperation with UN Nuclear Watchdog after Israel, US Strikes
This is Beirut 2025-07-02 17:00 - Reading : 4 minute(s)
Iran on Wednesday officially suspended its cooperation with the UN nuclear watchdog, a move triggered by the unprecedented Israeli and US strikes on its nuclear facilities. Last month's 12-day conflict between Iran and Israel has sharply escalated tensions between Tehran and the International Atomic Energy Agency. On June 25, a day ...
U.S. Labels Iran’s Halt of IAEA Cooperation as "Unacceptable"
This is Beirut 2025-07-02 23:31 - Reading : 6 minute(s)
Iran's suspension of cooperation with the UN nuclear watchdog, the International Atomic Energy Agency (IAEA), is unacceptable, US State Department spokeswoman Tammy Bruce said Wednesday. Tehran officially suspended its cooperation with the IAEA, a move triggered by the unprecedented Israeli and US strikes on its nuclear facilities over 12 ...
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 ...
How Robots and Raw Earth Are Redefining Homebuilding
Bélinda Ibrahim 2025-07-03 14:00 - Reading : 4 minute(s)
Homebuilding Robots Cocoons TECLA Italy
They look like cocoons, settled on the ground as if they had naturally grown there. No straight lines, no concrete, just earth, carefully layered by two robotic arms moving with the grace of a choreographed dance. In 200 hours—barely eight days—an entire house takes shape. Printed on site using only natural materials. Its name? TECLA. Its ...
The Target of Khaldeh Strike Is an Al-Quds Force Operative, According to the Israeli Army
This is Beirut 2025-07-03 17:50 - Reading : less than a minute
Nawaf Salam Lebanon Israël Al-Qods Force
An Israeli drone strike targeted a car in Khaldeh, south of Beirut, on Thursday afternoon, killing one person and wounding five others, according to the Ministry of Health. Preliminary reports indicate that the target of the Israeli strike was Qassem al-Husseini, a member of Iran’s Islamic Revolutionary Guard Corps. On his X account, the ...
US Sanctions Seven al-Qard al-Hassan Officials and Iranian Oil Smuggling Network
This is Beirut 2025-07-03 20:55 - Reading : 2 minute(s)
The United States imposed sanctions on Thursday against seven individuals linked to al-Qard al-Hassan (AQAH), Hezbollah’s illicit financial institution, the US Treasury Department announced in a statement. Sanctions also targeted a commercial network involved in smuggling Iranian oil disguised as Iraqi. The seven individuals sanctioned for ...
Adraee Confirms the Targeting of Qassem Salah al-Husseini in Khaldeh Strike
This is Beirut 2025-07-04 22:00 - Reading : 1 minute(s)
Nawaf Salam Lebanon Khaldeh strike drone Quds Force
The Israeli army’s Arabic spokesperson Avichay Adraee announced on Friday that the Israeli army had eliminated Qassem Salah al-Husseini, an operative working for Iran’s Quds Force, in a drone attack on his vehicle in Khaldeh. Thursday’s strike also injured three other individuals. Adraee wrote on his X account, “Yesterday, the Israeli ...
Are Lebanon’s Nature Reserves at Risk?
Vanessa Kallas 2025-07-05 11:00 - Reading : 5 minute(s)
Lebanon environment reserves natture wildfires
In the scorching summer heat, wildfires creep through the dense forests of Lebanon, burning everything on their trail. The forest of Kobayat, Akkar, was the latest victim of this auburn nightmare, and possibly not the last. While the fire was eventually extinguished, it left irreparable damage on the forest. In response, Minister of Environment ...
Israel: Ultra-Orthodox conscription threatens Netanyahu’s coalition
This is Beirut 2025-07-06 21:20 - Reading : 2 minute(s)
Israel Ultra-Orthodox Benjamin Netanyahu
The Israeli army announced Sunday that it would begin sending draft notices to 54,000 ultra-Orthodox Jewish men who were previously exempt from military service, a move that threatens to split the governing coalition. "The army will begin this week issuing summons to complete the enlistment process for ultra-Orthodox men whose status as ...
BRICS Nations Slam Trump Tariffs, Condemn Strikes on Iran
This is Beirut 2025-07-07 09:15 - Reading : 3 minute(s)
Nawaf Salam Donald Trump Hamas Brics
BRICS leaders at a summit on Sunday took aim at US President Donald Trump's "indiscriminate" import tariffs and recent Israeli-US strikes on Iran. The 11 emerging nations -- including Brazil, Russia, India, China and South Africa -- account for about half the world's population and 40 percent of global economic output. The bloc is divided about ...
US Envoy Thomas Barrack Urges Lebanon to Seize the Moment, or Be Left Behind
This is Beirut 2025-07-07 14:30 - Reading : 5 minute(s)
Nawaf Salam Lebanon USA Hezbollah Joseph Aoun Thomas Barrack
US Special Envoy Thomas Barrack delivered a strong message to Lebanese leaders on Monday, urging them to “seize the opportunity” for peace and reform while the region is moving forward on the path of change and the United States remains engaged and supportive. His remarks to the press followed a meeting with President Joseph Aoun at ...
Luxury Bag Counterfeiting Takes on Major Fashion Houses
Bélinda Ibrahim 2025-07-15 18:00 - Reading : 4 minute(s)
Luxury Bags China TikTok Viral Counterfeits
At first glance, the video looks like just another promo for cut-price products. A young woman praises a handbag “identical to an Hermès model” for a fraction of the cost. The brand is blurred, but the resemblance is unmistakable. The caption reads: “Luxury brands are all made in China.” In other words: why pay €10,000 for a Hermès bag ...
International Community Reacts to Israeli Strikes in Syria
This is Beirut 2025-07-16 22:55 - Reading : 3 minute(s)
Nawaf Salam Syria Tom Barrack United States
The United States' special envoy for Syria on Wednesday called on all parties to step back and engage in dialogue for a lasting ceasefire in Syria following clashes with Druze factions in the south and Israeli strikes in Damascus. "We unequivocally condemn violence against civilians in Sweida... All parties must step back and engage in ...
Lebanon, France Advance Budget Reform to Restore State Credibility
This is Beirut 2025-07-30 22:20 - Reading : 2 minute(s)
Lebanon Yassin Jaber George Maarawi FDA
Finance Minister Yassine Jaber announced on Wednesday tangible progress in Lebanon’s public finance reform efforts, during a joint press conference with French Ambassador Hervé Magro and representatives from the French Development Agency (FDA) and Expertise France. The conference focused on the ongoing project “Strengthening Budget ...
‘Dialogue’ with Hezbollah: Ensuring History Does Not Repeat Itself
Michel Touma 2025-07-28 10:30 - Reading : 3 minute(s)
One of Winston Churchill’s best-known quotes is that “those who fail to learn from history are doomed to repeat it.” In Lebanon’s current context, the meaning is clear: if we don’t draw lessons from our recent past, we can neither navigate the present nor build any kind of future. This is especially relevant to the stance now taken by ...
Trump's First Five Trade Deals
This is Beirut 2025-07-24 10:25 - Reading : 4 minute(s)
Donald Trump United States Tariffs Trade
Japan and the Philippines bring to five the number of countries that have concluded trade deals with the United States ahead of an August 1 deadline set by President Donald Trump to avoid punitive tariff rates. The agreed levies are often higher than the new base rate of 10 percent that the United States has applied to most countries since April ...
President Aoun, Mufti Derian Pledge Unity and Coordination
This is Beirut 2025-07-24 10:55 - Reading : 2 minute(s)
Lebanon Baabda Derian Joseph Aoun Politics
President Joseph Aoun welcomed Grand Mufti Sheikh Abdel Latif Derian and a delegation of regional muftis to the Presidential Palace in Baabda on Thursday, stressing that Lebanon has reached a “pivotal and possibly fateful crossroads.” In an atmosphere he described as both critical and sensitive, Aoun underscored that the ...
French Court to Rule on Assad Immunity in Chemical Attack Case
This is Beirut 2025-07-25 09:25 - Reading : 3 minute(s)
France's highest court is to decide Friday whether to uphold an arrest warrant against Syria's ex-president Bashar al-Assad as part of a probe into deadly 2013 chemical attacks during the country's civil war. Rights activists say that if the Court of Cassation confirms Assad does not enjoy immunity due to the severity of the accusations, it could ...