This Is Beirut, 28/03 17:23 - Reading : less than a minute
While tensions are rising in the West Bank, the Israeli army has proceeded to encircle the city of Jericho in its entirety and launched operations in several other villages and neighboring refugee camps, according to Majed Said, the France 24 correspondent in Ramallah, West Bank.
Liliane Mokbel, 08/03 21:56 - Reading : 4 minute(s)
For those wondering when the bank dollar exchange rate is going to increase, it is becoming increasingly clear that it won't happen anytime soon. It's a complete mystery. The causes are many. The government, the Central Bank of Lebanon (BDL) and the Ministry of Finance continue to pass the blame, leaving depositors frustrated. None of them is ...
Johnny Kortbawi, 30/01 12:40 - Reading : 3 minute(s)
The average Lebanese citizen used to earn a modest salary. For the sake of this story, let's assume that this income was a hundred Lebanese pounds. However, it’s important to clarify that here, the pound is a mere fictional currency, as in reality, a hundred lebanese pounds is not a typical salary in a country like Lebanon, where the pound ...
This Is Beirut, 2023-12-08 19:25 - Reading : 3 minute(s)
Eleven Lebanese banks have initiated legal action by asking the Ministry of Finance to compel the government to repay its debts to the Central Bank (BDL). The purpose of this action is to enable the banks to fulfill their commitments to depositors. One of the lawyers representing the group of eleven banks, barrister Elie Chamoun, explained the ...
This Is Beirut, 2023-12-06 19:51 - Reading : 2 minute(s)
Eleven Lebanese banks have tied up the dispute by submitting a memorandum to the Ministry of Finance to compel the state to fulfill its legal and contractual obligations toward Banque du Liban. Eleven banks, namely, in alphabetical order: Bank Audi, Bank of Beirut SAL, Banque Libano-française SAL, Banque Libano-suisse SAL, Banque du Crédit ...