Liliane Mokbel, 21/01 19:10 - Reading : 3 minute(s)
Banks Central Bank of Lebanon Depositors Syrians
During a visit to Syria in early January, caretaker Prime Minister Najib Mikati was met with a striking demand from the country’s new ruler, Ahmad al-Sharaa: the restitution of Syrian deposits held in Lebanese banks. While the request might appear justified on the surface, it lacks clarity and a solid legal foundation, according to a legal ...
This is Beirut, 20/01 12:15 - Reading : less than a minute
Caretaker Minister of Energy Walid Fayad said on Monday that “sanctions on the trade of petroleum and energy derivatives will be lifted.” Fayad made this statement following a meeting with the US Ambassador to Lebanon, Lisa Johnson. The minister reiterated that “the funds allocated for fuel purchases were limited,” but were secured ...
This is Beirut, 20/01 11:05 - Reading : 2 minute(s)
Bitcoin hit a record high above $109,000 on Monday as Donald Trump, who has signalled plans to deregulate the cryptocurrency sector, prepares to be sworn in as US president. Bitcoin surged to an all-time peak of $109,241 ahead of Trump's inauguration ceremony, before falling back to around $107,500. The world's biggest cryptocurrency has soared ...
This is Beirut, 17/01 12:40 - Reading : 2 minute(s)
Banks Covid-19 Europe Middle East World Bank
Global growth should remain stable this year and next, but at recent historic lows, the World Bank said Thursday, expressing particular concern about growth in developing countries. Growth should hit 2.7 percent in 2025 and 2026, in line with the level reached last year, the World Bank announced in a new report, adding that inflation and interest ...
This is Beirut, 16/01 17:05 - Reading : less than a minute
Caretaker Energy Minister Walid Fayad announced that the Zouk and Jiyeh power plants are set to resume operations next week, a move expected to boost Lebanon’s electricity generation capacity to 800 megawatts. In a press statement issued on Thursday, Fayad noted that this increase would provide an additional two hours of electricity per day, ...
This is Beirut, 15/01 09:55 - Reading : 3 minute(s)
Banks Europe United States USA
One rocket, two missions: lunar landers built by US and Japanese companies launched their "rideshare" to the Moon on Wednesday, showcasing the private sector's growing role in space exploration. On board the SpaceX Falcon 9 rocket that took off from the Kennedy Space Center in Florida were Firefly Aerospace's Blue Ghost and ispace's Resilience ...
Christiane Tager, 11/01 13:00 - Reading : 2 minute(s)
Banks Central Bank of Lebanon Lebanese Pound Dollar Joseph Aoun
For some time now, rumors have suggested a drop in the exchange rate from 89,500 pounds per dollar to 50,000. However, Nassib Ghobril, Chief Economist at Byblos Bank, dismisses such claims as “not serious.” “The Lebanese pound has experienced a frenzied demand since the ceasefire and Thursday’s presidential election. Speculators started ...
Michel Touma, 09/01 10:00 - Reading : 5 minute(s)
Banks Central Bank of Lebanon European Union Gulf Hezbollah
The moment of truth is upon us—the time for decisive choices and a critical turning point for the country. Regardless of the outcome of the January 9 election, the election of Lebanon's 14th president presents a historic opportunity to claim the country’s rightful place in the emerging regional order. The new president will immediately face ...
This is Beirut, 08/01 21:15 - Reading : less than a minute
The Lebanese Pound’s (LBP) exchange rate remains fixed, despite attempts by speculators to exploit the political atmosphere surrounding the presidential election, official sources told MTV Lebanon. Speculators are reportedly attempting to create the illusion of an improving LBP exchange rate and a declining dollar value, according to the ...
This is Beirut, 07/01 15:50 - Reading : 1 minute(s)
In December 2024, BlomInvest’s Purchase Managers Index (PMI) reached its highest level in five months. In Lebanon, it scored 48.4 points in November 2024, as opposed to 48.1 the month before. According to Helmi Mourad, a research analyst at Blom Business Bank, the PMI improved for the second consecutive month, going from a low of 45 points in ...
This is Beirut, 07/01 14:25 - Reading : 1 minute(s)
Banks Central Bank of Lebanon Lebanese Forces
Lebanon is at a critical juncture in its economic crisis, with a Cabinet meeting scheduled for Tuesday afternoon, chaired by caretaker Prime Minister Najib Mikati, who plans to address several issues, notably a sensitive bill concerning the restructuring of banks. Quietly added to the agenda last Friday, this highly controversial draft has ...
This is Beirut, 04/01 10:20 - Reading : 1 minute(s)
The health ministry in the occupied West Bank said one person was killed and nine injured in an Israeli raid on a refugee camp, with the Israeli military saying Saturday it had opened fire at "terrorists". An 18-year-old man, Muhammad Medhat Amin Amer, "was killed by bullets from the (Israeli) occupation in the Balata camp" in the territory's ...