This is Beirut, 13:00 - Reading : 1 minute(s)
Banks Lebanon ABL Central Bank of Lebanon
The Secretary-General of the Association of Banks in Lebanon (ABL), Dr. Fadi Khalaf, has cautioned that any financial restructuring confined to the banking sector is likely to fail unless accompanied by comprehensive state reform. In his editorial for the ABL’s November report, published Monday, Khalaf emphasized that Lebanon’s ...
This is Beirut, 04/12 11:25 - Reading : 2 minute(s)
Hezbollah Lebanon Banks Gulf United Kingdom Iraq Houthis
Iraq's central bank on Thursday said the appearance of Lebanon's Hezbollah and Yemen's Houthis on a frozen assets list was a mistake, and ordered the correction of the official announcement, according to a document seen by AFP. An official gazette issue dated November 17 published a decision about Iraq freezing the assets of ...
This is Beirut, 27/11 18:10 - Reading : less than a minute
Fadi Khalaf Association of Banks in Lebanon Union of Arab Banks Banks
The Secretary General of the Association of Banks in Lebanon, Fadi Khalaf, stated that the country is beginning to return to the path of economic recovery, considering the return of the Union of Arab Banks to Lebanon as a promising sign of hope. However, he warned that the Lebanese State’s failure to comply with the conditions set by Arab ...
Liliane Mokbel, 27/11 15:10 - Reading : less than a minute
The State must acknowledge its main share of responsibility in the crisis. Yet nothing suggests it is ready to do so. The political class opposes it, and the plan supported by the IMF also seeks to absolve those responsible at the expense of depositors.
This is Beirut, 25/11 11:00 - Reading : 1 minute(s)
Lebanon Economy Banks Nawaf Salam
This Is Beirut has learned that the legal committee tasked by Prime Minister Nawaf Salam—in coordination with Finance Minister Yassine Jaber—with drafting the financial gap law is composed of a three-member team operating within the orbit of the Kulluna Irada organization. The committee includes attorney Ali Zbib, Judge Rana Al-Akkoum, ...
This is Beirut, 21/11 12:20 - Reading : 3 minute(s)
Banks New York USA Tech AI Bubble
Tech firms led stock losses on Friday as investors struggled to shake off fears about an AI bubble, and after a sell-off on Wall Street sparked by job data dealt a further blow to hopes for a US interest rate cut. A blockbuster earnings report from chip bellwether Nvidia on Wednesday seemed to settle nerves that vast investments in the artificial ...
This is Beirut, 19/11 15:15 - Reading : 3 minute(s)
A cautiously tense meeting brought together Finance Minister Yassine Jaber and a delegation from the Association of Banks in Lebanon (ABL), dedicated to discussing the points related to the Financial Gap Law. The talks focused on how the banks, the Lebanese state, and the Central Bank would handle the existing gap and on reassessing the banks’ ...
This is Beirut, 17/11 18:05 - Reading : less than a minute
Lebanon Banks Hezbollah Israel
Hezbollah Secretary General Naim Kassem continued his comments on the Lebanese government, urging it to adopt a firmer stance toward Israel. During the first commemoration of the assassination of Mohammad Afif and his companions, he once again took it upon himself to remind the Lebanese state of its “responsibility” to put in place a “plan ...
Liliane Mokbel, 17/11 15:30 - Reading : less than a minute
Byblos Bank chief economist Nassib Ghobril answers This is Beirut’s questions about the consequences of the systemic crisis.
Liliane Mokbel, 15/11 15:00 - Reading : 1 minute(s)
Banks United Arab Emirates United Nations
According to World Population Review, the cost of electricity in Lebanon stands at $0.137 per kilowatt-hour (kWh). This makes the country the most expensive in the region and ranks it 74th worldwide out of 146 countries analyzed. In the region, Morocco follows with $0.121/kWh (86th), Jordan with $0.090/kWh (99th), the United Arab Emirates with ...
This is Beirut, 14/11 20:00 - Reading : 4 minute(s)
Lebanon Donald Trump Banks United States Michel Issa Ambassador
The new United States ambassador to Lebanon, Michel Issa, landed in Beirut on Friday to begin a particularly delicate mission. His arrival comes at a time when Washington is seeking to redefine the scope of its engagement in a country caught in a deep institutional crisis, latent tensions in the south, and growing international pressure over ...
Marc Saikali, 13/11 08:30 - Reading : 3 minute(s)
Lebanon Banks Hezbollah Tehran White House
One billion dollars. That is the sum Hezbollah is said to have received from Iran in 2025. An astonishing figure, revealed during the highly political visit of the U.S. Treasury delegation led by Sebastian Gorka, the White House’s counterterrorism director. How did the militia manage to receive such an amount? Through currency exchange offices, ...