Economy

Mullahs Inc.: Inside Iran’s Shadow Banking Network

Mario Chartouni, 10/06 11:40 - Reading : 3 minute(s)

United Arab Emirates US economy sanctions nuclear program Iran Hong Kong

With nuclear talks stalled, Washington has opened a new front in its standoff with Tehran: financial warfare. On Friday, the United States imposed sanctions on more than 30 individuals and entities tied to a sprawling money-laundering network that covertly funnels funds to the Iranian regime. This clandestine financial system — a covert, ...

Gold in Uncertain Times: Jewelry vs. Bullion

Liliane Mokbel, 07/06 15:30 - Reading : 2 minute(s)

Gold Economy Jewelry bullion

In times of crisis, gold stands as the ultimate pillar of stability. Timeless, reassuring and resistant to passing trends, it shines brighter as financial markets falter. But a critical question remains: which form of gold offers better protection in turbulent times — jewelry or bullion? And is resale truly profitable? Historically, when ...

In Search of Lebanon’s Financial and Economic Taif Agreement

Johnny Kortbawi, 03/06 18:40 - Reading : 2 minute(s)

Banks Central Bank of Lebanon economy finance

Lebanon’s economic crisis cannot be measured solely by the six years since its visible eruption in September 2019. Its roots extend much further back—to 1992 and the first government formed after the Taif Agreement. This period marked the beginning of Lebanon’s modern economic policies, shaped by the country’s financial establishment with ...

Stocks Track Wall St Sell-Off as US Deficit Fears Grow

This is Beirut, 22/05 10:50 - Reading : 5 minute(s)

USA Donald Trump Economy Bitcoin

Equities sank and Treasuries remained under pressure following sharp losses on Wall Street fuelled by US economy fears as Donald Trump tries to push through fresh tax cuts that could balloon the already huge deficit. A weak auction of 20-year US government debt flashed a warning sign that the bond market was worried about the country's finances, ...

Will Banking Reforms Spark a Crisis Between Souhaid and Salam?

Maurice Matta, 21/05 20:10 - Reading : 4 minute(s)

Lebanon Economy Banks Karim Souhaid Nawaf Salam

It seems that the relationship between Banque du Liban (BDL) Governor Karim Souhaid and Prime Minister Nawaf Salam is far from ideal. In fact, it can be described as tense – a situation that didn’t arise recently but dates back to Souhaid’s appointment as Governor of the Central Bank, which was secured through a majority vote in the ...

USJ and HDF to Open Groundbreaking Healthcare Facility in Limassol

Liliane Mokbel, 14/05 13:40 - Reading : 2 minute(s)

Lebanon Cyprus Economy Medical Healthcare

Hôtel-Dieu de France (HDF), Lebanon’s premier university hospital, is expanding to Limassol, Cyprus, with an ambitious project that will feature a state-of-the-art medical center and a faculty of medicine affiliated with Saint Joseph University (USJ). This strategic initiative is designed to meet the growing demand for specialized healthcare ...

Karim Souhaid: The Banking Reform Law Undermines the Independence of the Central Bank

This is Beirut, 07/05 21:45 - Reading : 4 minute(s)

BDL Banque du Liban Lebanon Economy Parliament

Presenting a 33-page document containing substantial remarks on the banking reform bill submitted by the government, the Governor of the Central Bank of Lebanon, Karim Souhaid, attended a session of the Parliamentary Finance and Budget Committee held mid-week. The session was chaired by MP Ibrahim Kanaan and attended by 40 parliamentarians, along ...

Labor Minister Announces Minimum Wage Hike for Private Sector Workers

This is Beirut, 07/05 16:15 - Reading : 1 minute(s)

NSSF Labor Ministry Mohammad Haidar minimum salary private sector economy

Minister of Labor Mohammad Haidar announced on Wednesday an immediate increase in the minimum wage for private sector employees, raising it to LBP 28 million, approximately $320 at the prevailing unofficial exchange rate. The increase, which represents more than a 50% hike, is the first step in a broader wage correction plan as Lebanon continues ...

Ford Sees $1.5 Bn Tariff Hit This Year, Suspends 2025 Forecast

This is Beirut, 06/05 05:15 - Reading : 3 minute(s)

Ford United States Economy Tariffs

Ford reported a 65 percent drop in first-quarter profits Monday, citing a near-term drag on auto sales from new vehicle launches, as it withdrew its forecast amid tariff uncertainty. The carmaker estimated a full-year net hit of about $1.5 billion in adjusted operating earnings following President Donald Trump's myriad tariff actions since ...

NSSF Disburses Nearly LBP 1,500 Billion in Healthcare Payments

This is Beirut, 05/05 12:55 - Reading : 1 minute(s)

NSSF Lebanon Economy

The National Social Security Fund (NSSF) announced that it has disbursed nearly LBP 1,496 billion to hospitals, physicians and insured individuals since the beginning of 2025, according to a press release issued by its Public Relations Department. Breaking down the figures, the NSSF detailed that LBP 710 billion was allocated for fixed-fee ...

Food Security: Economy Minister Launches Strategic Study With FAO and WFP

This is Beirut, 02/05 17:15 - Reading : less than a minute

WFP FAO Economy

The Minister of Trade and Economy, Amer Bisat, held talks with representatives of the Food and Agriculture Organization (FAO) and the World Food Program (WFP), in the presence of the Director General of Cereals and Sugar Beet and the Director of Grain Silos. Discussions focused on the development of a national food security strategy and the ...

Search
Latest news