Lebanon

Economic Organizations Applaud Decision to Reject Public Loans

In a statement on Friday, economic organizations, led by former Minister Mohammad Choucair, praised Finance Minister Yassine Jaber’s decision to reject public loans and actively address the informal economy. The organizations stated that this decision reflects the minister’s serious commitment to controlling public spending across various ...

World Bank Commits $250 Million to Lebanon’s $1 Billion Fund

The World Bank (WB) has allocated $250 million toward Lebanon’s recovery, as confirmed by Ousmane Dione, the WB Vice President for the Middle East and North Africa, following a meeting with Finance Minister Yassine Jaber on Friday. Dione further emphasized the aim to secure an additional $250 million by partnering with a group of international ...

From Father to Son, from Beirut to the Louvre, the Epic of the Abou Adal Icons

The extraordinary journey of the Abou Adal collection began in the early 1950s, in a Lebanon then regarded as the “Switzerland of the Middle East.” Georges Abou Adal, driven by a curiosity for Eastern sacred art, acquired his first icons in 1952. What started as a personal interest quickly turned into a passionate quest to preserve and ...

Budapest Launches Support Mechanism for Lebanese Christians

Hungarian Foreign Minister Péter Szijjártó launched the “Future of Lebanon from a Christian Perspective” conference on Friday, announcing a new initiative to support Lebanese Christians. “From Budapest, we are launching a mechanism to develop programs that encourage Lebanese Christians to remain in their country,” Szijjártó said. He ...

Football – Lebanon: Al-Ansar Widens the Gap, Safa Holds on and Nejmeh Reacts

Al-Ansar remains flawless in the league and secures a victory in the clash against Al-Ahed (4-2), confirming its status as the undisputed leader. Meanwhile, Nejmeh regains momentum with a convincing win against Shabab Baalbeck (3-1). At the same time, Racing Beirut and Shabab Ghazieh achieve their first victories of the season. A recap of a 7th ...

Hello… Hello, Everything Is Falling Apart!

Everything is falling apart! It's nearly impossible to normally connect to the web or make a phone call without constant interruptions. To make matters worse, outages and technical failures continue to spread across the country, even though the price hikes needed to sustain the sector have already been enforced. It’s long overdue for urgent ...

Lebanese Civil War: Fiftieth Anniversary

Lebanon is preparing to commemorate the fiftieth anniversary of the Lebanese Civil War, which opened wide the gates of hell on Lebanon and the Lebanese. The war did not end when the shells and rockets stopped with the entry of the Syrian army into Lebanon and the storming of the Baabda Palace to end Michel Aoun's illegitimate rule. The war ended ...

President Aoun in KSA: Will He Succeed in Restoring Bilateral Ties?

For his first official visit abroad, President Joseph Aoun will head to Saudi Arabia on Sunday, then to Cairo for an extraordinary Arab League summit two days later. These visits could mark a turning point in Lebanon's diplomatic relations with the Arab world, particularly with Saudi Arabia, and potentially usher in a new era of bilateral ...

Trade Exchange Between Lebanon and the European Union: Decline in Exports and Imports in 2024

Lebanon entered into the Partnership Agreement with the European Union in March 2003. On November 11, 2016, the Partnership Priorities and the Mutual Package between Lebanon and the European Union were approved, aiming to enhance mutual interests and improve economic cooperation. According to the latest trade figures in a report prepared by the ...