Ici Beyrouth - Economy

In the Wake of War: How Conflict Is Shaping Consumer Choices in Lebanon

Liliane Mokbel, 17/11 19:15 - Reading : 2 minute(s)

Hezbollah Israel economy consumption displaced

Many Lebanese have begun purchasing fruits and vegetables individually, a practice rarely seen in a culture that traditionally favors buying by the kilo. Grocery baskets have shrunk in both quantity and variety. Testimonies from mothers gathered by This is Beirut reveal a shift toward prioritizing legumes, which are more affordable than meat, ...

World Bank: Damages and Losses in Lebanon Conflict Estimated at $8.5 Billion

This Is Beirut, 14/11 17:15 - Reading : 2 minute(s)

World Bank Lebanon Economy conflict losses

The World Bank has published on Thursday an initial assessment report of the impact of conflict on Lebanon’s Economy and Key Sectors. According to a new World Bank report, the cost of physical damages and economic losses due to the conflict in Lebanon is estimated at USD 8.5 billion. The Lebanon Interim Damage and Loss Assessment (DaLA) finds ...

Thirty-Two Lebanese Institutions at SIAL

This is Beirut, 20/10 14:10 - Reading : less than a minute

Economy Paris SIAL Lebanon

The 60th edition of SIAL (International Food Exhibition) opened in Paris on Saturday and will run until October 23. Despite Lebanon's challenging circumstances, 32 Lebanese agro-industrial institutions are participating, with 18 represented at the Lebanese pavilion. The caretaker Minister of Industry, Georges Bouchikian, inaugurated the pavilion ...

Fayad: $440 Million in Damage to Water and Energy Sectors

This is Beirut, 19/10 13:10 - Reading : less than a minute

Economy

Caretaker Energy Minister Walid Fayad stated on Saturday that the damage caused by Israeli airstrikes on Lebanon is estimated at nearly $440 million in the water and energy sectors, while the losses in the services, education, and health sectors amount to billions of dollars. He specified that the damage to electricity and water networks alone ...

Al-Qard Al-Hassan: Is Hezbollah's 'Bank' in Jeopardy? (2/2)

Maurice Matta, 16/10 08:30 - Reading : 8 minute(s)

Economy Al Qard Al Hassan Hezbollah Lebanon

Many legal experts agree on the idea that "the Al-Qard Al-Hasan Association is a loophole in Lebanese law." The change in terminology does not alter the legal nature, which means that it is, in essence, a bank under legal reality and cannot be considered a non-profit charity organization, as it identifies itself. Specific circulars about Al-Qard ...

Strike by Civil Servants in Three Ministries

This Is Beirut, 21/02 14:36 - Reading : 1 minute(s)

Civil Servants economy

Civil servants from the Ministries of Labor, Economy and Information will be on strike starting Wednesday in support of their wage demands. They are protesting against the fact that they have been excluded from the allowances that the government plans to grant to certain categories of civil servants. A delegation from the syndicate representing ...

Israeli Job Cuts Hit West Bank Economy

This Is Beirut, 2023-12-12 13:25 - Reading : 3 minute(s)

economy Gaza

The impact of the Gaza war, including the termination of work permits, has left West Bank Palestinians in a dire financial situation as violence in the West Bank escalates. West Bank Palestinian Ibrahim al-Qiq lost his Israeli job permit after the Gaza war began, plunging him into despair and debt like thousands of others in the Palestinian ...

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 ...