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Egypt-Lebanon Gas Deal: Israeli Gas at the Heart of the Agreement
Claudia Groeling 09/01 12:50 - Reading : 83 minute(s)
Lebanon Benjamin Netanyahu Donald Trump Hezbollah Israel Syria Egypt
Two eastern Mediterranean natural gas deals announced twelve days apart highlight shifting energy dynamics amid dramatic geopolitical transformations in the region, with Lebanon aiming to benefit. On December 17, 2025, Israeli Prime Minister Benjamin Netanyahu announced a $35 billion gas deal with Egypt, describing the agreement as ...
Nearly 50 Held in Turkey in Probe into Opposition Istanbul Mayor's 'Graft' Case
This is Beirut 2025-04-26 12:50 - Reading : 2 minute(s)
Istanbul dollar Erdogan Ankara City
Istanbul prosecutors on Saturday said nearly 50 people had been arrested in a probe into the graft case of Istanbul's opposition mayor, whose jailing last month sparked nationwide protests. When Ekrem Imamoglu from the main opposition CHP was arrested on March 19, huge crowds began rallying in protest outside Istanbul City Hall every night, ...
Gold Hits Record above $3,500, Stocks Slip as Trump Fuels Fed Fears
This is Beirut 2025-04-22 10:20 - Reading : 3 minute(s)
Donald Trump Banks New York Republicans USA
Bullion hit another record Tuesday while the dollar steadied and equities mostly fell as Donald Trump's latest salvo against Federal Reserve boss Jerome Powell added fuel to fears about the central bank's independence. With the US tariff blitz still causing ructions on global trading floors, investors are now dealing with the added worry that the ...
Yacoubian Defends “Gap Law” as Depositors Decry Losses
This is Beirut 2025-12-17 20:00 - Reading : 3 minute(s)
In a video shared by the page El Haweyah, MP Paula Yacoubian defended the so-called “gap law” bill, presenting it as an indispensable reform and an “achievement” of Nawaf Salam’s government in the context of a prospective agreement with the International Monetary Fund (IMF). According to her, the bill would constitute the third ...
Shortage of Dollar Bills: A Logistical Issue
Liliane Mokbel 2024-07-30 12:00 - Reading : 2 minute(s)
According to Majd al-Masri, the president of the Syndicate of Money Changers in Lebanon, there is no actual shortage of dollar bills in the Lebanese market. He asserts that the delays in fulfilling customers' currency exchange requests are due to a logistical issue that will soon be resolved. Mr. Masri reassures that fears of a dollar shortage are ...
Award-Winning Filmmaker Panahi: Iran Protests “To Move History Forward”
This is Beirut 02/01 21:05 - Reading : 2 minute(s)
Filmmaker Jafar Panahi Protests Economy Opposition Iran
Award-winning Iranian filmmaker Jafar Panahi said Wednesday that protests, which have gripped his country in recent days, aimed "to move history forward." "Shared pain has now become a cry in the street," said the director who won the Cannes Film Festival's top prize this year and has been nominated for an Oscar for his film It Was Just an ...
Iranian Authorities Arrest Several Prominent Reformist Figures: Fars News Agency
This is Beirut 09/02 09:35 - Reading : 2 minute(s)
Iranian authorities on Sunday arrested three reformist figures including the head of Iran's Reform Front coalition, Azar Mansouri, the Fars news agency reported. "Azar Mansouri, Ebrahim Asgharzadeh, and Mohsen Aminzadeh were arrested by security and judicial institutions," the agency said. "The accusations against these individuals include ...
UAE-Iran Ties Deteriorate as Tehran-Linked Hospital Ordered Shut in Dubai
This is Beirut 21/03 17:00 - Reading : 3 minute(s)
United Arab Emirates Gulf Hezbollah Israel Tehran
The United Arab Emirates has ordered the closure of an Iranian state-linked hospital in Dubai, three employees at the facility told AFP, as ties between the two neighbors deteriorate and Tehran continues its aerial campaign against Gulf states. Since the United States and Israel began striking Iran on February 28, Tehran has launched waves of ...
It’s the Politics, Stupid!
Nicolas Sbeih 2023-12-05 18:49 - Reading : 5 minute(s)
economy harvard Lebanese crisis
This column is known for its scathing critiques but is not accustomed to delivering insults. Nevertheless, the expression in the title has a history: During Bill Clinton's 1992 presidential campaign, his campaign strategist created three slogans, including "It’s the Economy, Stupid" (addressing his rivals), meaning that everything revolves ...
Sergi Roberto Fires Struggling Barca to Victory Over Almeria
This Is Beirut 2023-12-21 09:14 - Reading : 3 minute(s)
Barcelona ground out an unconvincing 3-2 home win against basement club Almeria on Wednesday thanks to a late Sergi Roberto goal, moving them up to third in La Liga. Xavi Hernandez's side ended 2023 with a win thanks to Sergi Roberto's double and a first-half goal from Raphinha. Twice the 20th-placed visitors pegged back the Catalan giants ...
Alabama Conducts First Execution With Nitrogen Gas in US
This Is Beirut 2024-01-26 13:18 - Reading : 2 minute(s)
The US state of Alabama executed a convicted murderer on Thursday using nitrogen gas, marking the first use of a method criticized by the UN rights chief as potentially constituting torture. The southern US state of Alabama put to death a convicted murderer using nitrogen gas on Thursday, the first time the country has used a method that the UN ...
Contribution for a Recovery
Riad Obégi 2024-02-08 09:00 - Reading : 4 minute(s)
This document does not claim to be exhaustive, rather it aims to give a few ideas that might help in finding solutions to Lebanon’s current crisis. 1 – Diagnosis: Lebanon’s GDP has fallen from 55 billion dollars to around 20 billion. Whole economic sectors have been damaged. State debt has been reduced by over 50 billion dollars due to ...
Rio Carnival: A Vibrant Celebration of Culture
Béatrice Moreau 2024-02-12 18:00 - Reading : 3 minute(s)
The Rio Carnival, a vibrant spectacle of music, dance and culture, crescendos this Sunday with its main event, captivating audiences with dazzling parades and infectious energy. As Rio de Janeiro becomes engulfed in Carnival fever, here are five key aspects illuminating the essence of this iconic celebration. The Sambodrome Throughout February, ...
When and How Will Deposits Be Recovered?
Liliane Mokbel 2024-02-16 21:40 - Reading : 4 minute(s)
The Council of State's decision to invalidate the article related to the suppression of a significant portion of the state's foreign currency commitments to the Central Bank of Lebanon (BDL), as outlined in the government's economic recovery plan dated 20/5/2022, brings some relief to depositors and bankers. However, questions concerning the ...
Mansouri Discusses a New Proposal for Deposits' Categorization
This Is Beirut 2024-04-18 15:42 - Reading : 2 minute(s)
The interim governor of the Central Bank of Lebanon (BDL), Wassim Mansouri, disclosed that the bank is studying a new proposal regarding the categorization of the depositors’ funds, which have been frozen since the onset of the 2019 rampant economic crisis. He estimated the banks' liabilities at nearly $88 billion. In an interview with Al-Sharq ...
Nadal Won't '100% Close Door' on 'Magical' French Open
This Is Beirut 2024-05-25 21:02 - Reading : 4 minute(s)
Rafael Nadal said Saturday that he is likely appearing at the French Open for the final time but cautioned it was "not 100%" certain," describing the tournament where he has been champion 14 times as a "magical place." "It's a big, big chance that this is going to be my last Roland Garros, but if I have to tell you it's 100% my last Roland ...
Health Insurance: Premiums on the Rise
Liliane Mokbel 2024-06-30 11:00 - Reading : 3 minute(s)
Medical care costs are experiencing significant inflation. Major private insurers in the Lebanese market, contacted by This is Beirut, have indicated that their health insurance premiums will increase by about 10% starting July 1st. The decision to raise health insurance premiums comes in a market that has been declining for several ...
$330M Injection Spurs Speculation: Beware of Fake Apps!
Maurice Matta 2024-10-02 11:54 - Reading : 3 minute(s)
On October 1, 2024, a new directive from acting Lebanese Central Bank (BDL) Governor Wassim Mansouri, following a Central Council resolution on September 25, 2024, came into force. The order compels banks to triple cash withdrawal limits for beneficiaries of Circulars 158 and 166 throughout October. This exceptional, one-time decision ...
European Stocks Jump Over 2% After Tech Tariff Exemptions
This is Beirut 2025-04-14 11:50 - Reading : 1 minute(s)
Donald Trump USA Tarrifs China Stock market
European stock markets rose sharply Monday after the United States announced exemptions from sweeping tariffs for smartphones, laptops, semiconductors and other electronic products, tempering trade war fears. Despite US President Donald Trump suggesting that the exemptions could be short-lived, European stocks rallied around two percent at the ...
Maroun Khater: 'Defusing the Cheques Time Bomb'
Liliane Mokbel 2024-10-11 11:05 - Reading : 3 minute(s)
ABL Banks Banque du Liban Central Bank of Lebanon
In its meeting on October 9, 2024, the Central Council of Banque du Liban (BDL) amended main circular No. 166, extending its benefits to depositors who converted their funds from Lebanese pounds to foreign currencies after October 30, 2019. The council also updated main circular No. 147, requiring banks to return outstanding or circulating bank ...
Baltic Sea: A European Effort to Reoxygenate an “Ecological Desert”
This is Beirut 2024-10-15 14:15 - Reading : 3 minute(s)
In the heart of the Baltic Sea, bordered by nine Northern European countries, an alarming phenomenon is unfolding: the gradual disappearance of fish, a direct consequence of oxygen depletion. This ecological disaster, leading to an invaluable loss of biodiversity, has prompted two startups and European researchers to unite in an effort to restore ...
Trump's Economic Policies and Lebanon's Dollar Crisis
Liliane Mokbel 2024-11-14 11:25 - Reading : 5 minute(s)
Banks Central Bank of Lebanon Donald Trump International Monetary Fund USA
While the dollar’s value is primarily shaped by US domestic factors, its fluctuations continue to ripple through the global economy. A 2023 International Monetary Fund (IMF) study found that the negative impact of a strong dollar tends to last around two and a half years in emerging markets, compared to just one year in developed economies. The ...
Lebanon's Central Bank Walking a Tightrope
Liliane Mokbel 2024-11-30 15:05 - Reading : 3 minute(s)
Lebanon’s Central Bank (BDL) is easing the pressure to appease the foreign exchange market, amid a “neither war nor peace” climate that only heightens its volatility. The decision by the BDL’s Central Council, dated November 26, 2024, reflects clear intent to implement a “flexible monetary policy” even though this approach might ...
Liverpool Flip Script on Man City to Take Commanding Premier League Lead
This is Beirut 2024-12-02 08:35 - Reading : 4 minute(s)
Manchester City Liverpool Premier League
Liverpool have been used to second best during Pep Guardiola's era at Manchester City, but a 2-0 victory over the crisis-hit champions left little doubt over who is the team to beat in this season's Premier League title race. Goals in either half from Cody Gakpo and Mohamed Salah at Anfield on Sunday did not do justice to the scale of the Reds' ...
Nicole Kidman reinvents herself in daring 'Babygirl' thriller
This is Beirut 2025-01-11 10:30 - Reading : 2 minute(s)
Nicole Kidman breaks away from her glamorous star image in Babygirl, an edgy new erotic thriller hitting theaters Wednesday. The film revives a genre long dismissed as outdated in the wake of feminist movements. At 57, the Eyes Wide Shut (1999) and Moulin Rouge! (2001) actress, who has never left the big screen, takes on one of her boldest roles ...
Man City's Fresh Faces Offer Hope of Madrid Miracle
This is Beirut 2025-02-18 13:55 - Reading : 4 minute(s)
Guardiola Manchester City Real Madrid
Manchester City boss Pep Guardiola said his side has just a one percent chance of progressing to the Champions League last 16 against Real Madrid on Wednesday, but the English champions' new recruits could offer a lifeline. City blew a late 2-1 lead in the first leg of the play-off tie last week at home to lose 3-2 to the holders. That collapse ...
The Anticipated Return of Lebanese-Saudi Relations
Christiane Tager 2025-03-04 10:30 - Reading : 4 minute(s)
Trade relations between Lebanon and Saudi Arabia have long been prosperous, with Lebanese exports reaching over $800 million per year and Saudi imports totaling $1.3 billion. However, political tensions have severely affected these exchanges, reducing their volume by more than half and causing a considerable loss of revenue for Lebanon. Could the ...
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 ...
Generation Z: A Tech-Savvy Generation Facing Health Struggles
Maroun Chahine 2025-03-12 11:30 - Reading : 3 minute(s)
Generation Z, born between 1997 and 2012, is often defined by its strong connection to technology. Growing up with the internet, smartphones and social media, this generation is the first to be truly “digital,” effortlessly navigating technological tools while remaining constantly connected. However, alongside this digital fluency, Generation ...
Three Types of Pain that Resist Even the Most Powerful Painkillers!
Bélinda Ibrahim 2025-04-02 18:00 - Reading : 5 minute(s)
Pain is universal, yet some forms defy description. Among the most excruciating conditions known to medicine, three stand out – consistently cited by both patients and healthcare professionals: cluster headaches, childbirth and acute pancreatitis. Their intensity, duration and the sense of helplessness they induce raise profound questions about ...