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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 ...
Asian Stocks Rise on Electronics Tariffs Exemption, Gold Hits New High
This is Beirut 2025-04-14 10:20 - Reading : 3 minute(s)
Donald Trump USA New York White House
Asian stocks rose Monday as trade war fears were tempered by Donald Trump's announcement of tariff exemptions for electronics, though the dollar weakened and safe-haven gold hit a fresh record amid fears the relief would be short-lived. After the wild gyrations witnessed last week, markets got off to a relatively stable start following news ...
Italian Fashion Legend Giorgio Armani Dead at 91
This is Beirut 2025-09-04 17:25 - Reading : 3 minute(s)
Fashion Giorgio Armani Italy Culture Armani Privé
Italian fashion legend Giorgio Armani, king of a high-end lifestyle empire, has died at the age of 91 "surrounded by his loved ones", his company said Thursday. "With infinite sorrow, the Armani Group announces the passing of its creator, founder, and tireless driving force: Giorgio Armani," it said in a statement. The ...
Tom Holland Hails Nolan’s Odyssey as Script of Lifetime
This is Beirut 2025-09-02 10:30 - Reading : 3 minute(s)
Cinema Christopher Nolan Film Culture Art Spider-Man
Next summer looks set to be the summer of Tom Holland — and the famously boyish and ebullient star can hardly contain his excitement. First up will be Christopher Nolan's epic adaptation of The Odyssey, out mid-July. Holland plays Telemachus, the son of the saga's hero Odysseus and a key character in the Ancient Greek saga. "The script is the ...
Trump Asks US Supreme Court to Pause Law Threatening TikTok Ban
This is Beirut 2024-12-28 10:25 - Reading : 3 minute(s)
Donald Trump Republicans Tik Tok US Supreme Court USA
US President-elect Donald Trump filed a brief Friday urging the Supreme Court to pause a law that would ban TikTok the day before his January 20 inauguration if it is not sold by its Chinese owner ByteDance. "In light of the novelty and difficulty of this case, the court should consider staying the statutory deadline to grant more breathing ...
Kim Kardashian’s Robbery Trial Finally Opens in Paris Courtroom
This is Beirut 2025-04-28 10:30 - Reading : 3 minute(s)
Jewelry Paris Star Kim Kardashian
In early October 2016, Kim Kardashian, the queen of influencers, was robbed at gunpoint in her Paris hotel room during Fashion Week by a gang of aging thieves disguised as police officers. The trial for this sensational nine-million-euro jewelry heist opened Monday in Paris. This highly publicized trial, where two worlds will clash until May 23, ...
US Targets Zuckerberg’s Social Media Empire
This is Beirut 2025-04-09 12:40 - Reading : 3 minute(s)
INTERNET Meta Facebook Zuckerberg
Barring any eleventh-hour intervention, social media juggernaut Meta will stand trial next week facing serious US government allegations that it abused its market power to acquire Instagram and WhatsApp before they could become competitors. By moving forward, the trial in a Washington federal court dashes any hopes from Meta boss Mark Zuckerberg ...
Meta Faces Landmark US Antitrust Trial
This is Beirut 2025-04-14 11:15 - Reading : 3 minute(s)
USA Donald Trump Tik Tok Washington
Social media juggernaut Meta stands trial on Monday facing serious US government allegations that it abused its market power to acquire Instagram and WhatsApp before they could become competitors. By moving forward, the trial in a Washington federal court dashes the hopes of Meta boss Mark Zuckerberg that the return of Donald Trump to the White ...
Meta Chief Zuckerberg Testifies at Landmark US Antitrust Trial
This is Beirut 2025-04-14 21:45 - Reading : 4 minute(s)
Mark Zuckerberg Meta Federal Trade Commission
Meta chief and co-founder Mark Zuckerberg took the stand Monday in a landmark US antitrust trial in which his social media juggernaut stands accused of abusing its market power to acquire Instagram and WhatsApp before they could become competitors. The start of the trial in a Washington federal court dashed the hopes of Zuckerberg that the ...
American Singer Katy Perry Roared into First All-Woman Spaceflight
This is Beirut 2025-04-15 10:00 - Reading : 3 minute(s)
USA Singer Katy Perry Space Culture
Pop star Katy Perry became the biggest name in an all-woman group to safely blast off into space Monday, roaring into the cosmos on one of billionaire Jeff Bezos's rockets. The Firework and California Girls singer was lofted more than 60 miles (100 kilometers) above the Earth's surface in a vessel from Blue Origin, the space company owned by ...