This is Beirut, 13/12 18:35 - Reading : 3 minute(s)
Amal Hezbollah Iran Lebanon Reconstruction Banks
Lebanon’s parliamentary finance committee on Thursday approved the transfer of roughly $90 million USD in reserve funding for the Council of the South as part of the 2026 budget process to support reconstruction in areas damaged by Israeli bombardment in last year’s Israel-Hezbollah war. According to parliamentary sources ...
Élie-Joe Kamel, 28/11 14:00 - Reading : less than a minute
Lebanon’s Economic Crisis Nassib Ghobril Union of Arab Banks Reconstruction
In an interview with This Is Beirut, Byblos Bank’s chief economist, Nassib Ghobril, emphasized that Lebanon’s economic crisis is the result of political abuse of power, mismanagement, and a lack of governance in the public sector. Ghobril made these remarks on the sidelines of the Union of Arab Banks conference held on Tuesday at the Phoenicia ...
This is Beirut, 24/10 09:05 - Reading : 2 minute(s)
United Nations Syria Refugees Return Reconstruction
After 14 years of destruction, Syria must be swiftly rebuilt to bring stability to the country and the wider region, a top UN official in the war-ravaged nation told AFP. Reconstruction is one of the most significant challenges facing Syria's new Islamist authorities after the overthrow of longtime ruler Bashar al-Assad last December. "The ...
This is Beirut, 25/08 19:45 - Reading : 2 minute(s)
Lebanon Reconstruction Nawaf Salam World Bank
The Ministerial Committee for Reconstruction and Economic Recovery, chaired by Prime Minister Nawaf Salam, met on Monday at the Grand Serail with Finance Minister Yassine Jaber, Energy and Water Minister Joe Saddi, Social Affairs Minister Haneen Sayed, Telecommunications Minister Charles Hage, Public Works and Transport Minister Fayez Rasamny and ...
This is Beirut, 24/07 16:00 - Reading : 1 minute(s)
Syria Economy Sanctions Reconstruction
A Reuters investigation uncovered a covert campaign to restructure Syria’s shattered economy, led by the new president’s brother, Hazem al-Sharaa, and an Australian of Lebanese descent, Abraham Succarieh, who is under international sanctions for alleged terrorism financing. Operating through an unannounced “shadow committee,” the pair has ...
Liliane Mokbel, 12/06 12:00 - Reading : 3 minute(s)
Lebanon European Union Saudi Arabia Syria economy reconstruction Qatar
The international community appears determined to reintegrate Syria both economically and politically after decades of isolation. This momentum stands in stark contrast to neighboring Lebanon, which fears that Syria’s reconstruction will monopolize international attention, pushing its own geopolitical and economic challenges into the ...
This is Beirut, 05/06 20:05 - Reading : 2 minute(s)
Lebanon Reforms IMF Banking Reconstruction Governance
Prime Minister Nawaf Salam marked the first 100 days of his government by presenting a bold reform agenda and outlining the progress made so far. Speaking on the eve of Eid al-Adha, Salam acknowledged the scale of Lebanon’s challenges but said the country has started taking real steps toward recovery. On the security front, Salam noted that ...
Liliane Mokbel, 15/05 15:32 - Reading : 3 minute(s)
Damascus Donald Trump Gulf Syria Sanctions Reconstruction
From Riyadh on Tuesday, US President Donald Trump announced—at the request of the Saudi crown prince—the full lifting, not just suspension, of economic and diplomatic sanctions on Syria. It was a crucial distinction, noted by many observers attending the US-Saudi Investment Forum, where every word of the American president’s remarks was ...
Bassam Abou Zeid, 22/02 12:05 - Reading : 2 minute(s)
Hezbollah Iran Reconstruction World Bank
With Sayyed Hassan Nasrallah’s funeral set to conclude this Sunday, Hezbollah will soon face pressing challenges it has sought to evade — both within its own ranks and across Lebanese society. The Hezb urgently needs a massive influx of Iranian funds to fulfill its long-standing reconstruction promises. However, recent developments indicate a ...
Christiane Tager, 16/02 10:00 - Reading : 2 minute(s)
Since the ceasefire, the revival of economic activity and urgent need to shelter thousands of displaced people have led to a surge in prefabricated home orders. A supplier of prefabricated homes in Lebanon, who requested anonymity, revealed to This is Beirut that there is a 30% increase in demand. Businesses in this sector, which had seen a ...
Liliane Mokbel, 2024-12-14 12:00 - Reading : less than a minute
Nawaf Salam Hezbollah damage reconstruction
The price of a meter of glass has surged to $80, up from $30 before the start of the conflict between Israel and Hezbollah. This price does not include the cost of labor for installation. Glaziers attribute the increase to a surge in demand, primarily driven by the reconstruction and repair of buildings and structures damaged by Israeli ...
Liliane Mokbel, 2024-12-10 16:30 - Reading : 2 minute(s)
Syria Reconstruction Caesar Act
According to estimates from various UN and international sources, Syria's reconstruction could yield benefits for all. However, these prospects remain uncertain and far from guaranteed. With the country still reeling from the war that followed the 2011 uprising, Syria's reconstruction is shaping up to be a lengthy and costly process, but it ...