Christiane Tager, 05/05 21:45 - Reading : 2 minute(s)
It appears that the fuel partnership with Iraq is under strain – or even under high tension. Since July 2021, Iraq has been Lebanon’s main fuel supplier thanks to a $700 million contract, renewed in 2023, bringing the total to $1.4 billion. In return, Lebanon had committed to delivering Lebanese goods and services, particularly in the medical ...
This is Beirut, 18/04 19:08 - Reading : less than a minute
Damascus Syria crisis liquidity dollars
In Damascus, lines stretch in front of ATMs. Amid a severe liquidity crisis, Syrians sometimes wait for hours to withdraw the equivalent of 20 dollars a day. This is daily life in a country where 90% of the population lives below the poverty line.
Liliane Mokbel, 12/04 12:00 - Reading : 1 minute(s)
lebanon Gold exports imports dollars
The demand for precious metals in Lebanon continues to grow. According to data from the Economic Studies Center of the Beirut and Mount Lebanon Chamber of Commerce, Industry and Agriculture (CCIAB), imports of precious metals (customs classification) reached $2.572 billion in 2024, marking an increase of $46 million compared to the previous ...
Christiane Tager, 11/04 20:35 - Reading : 2 minute(s)
Since the beginning of March, the euro has enjoyed a notable resurgence on the markets. After a somewhat sluggish start to the year, the single currency has regained strength, trading around 1.14 US dollars on Friday — a rise of over 5%. An explainable performance that intrigues some, reassures others, and worries a few. Who would have thought ...
Christiane Tager, 07/04 22:50 - Reading : 6 minute(s)
Donald Trump global markets stock exchange dollars
The rollout of new tariffs under Donald Trump's leadership has been enough to trigger what many are now calling an economic apocalypse. Global financial markets began tumbling as early as Friday, and it has only deepened this Monday. The Paris stock exchange has already wiped out all its gains for the year, opening down 6.46%, while London’s ...
Christiane Tager, 13/03 21:10 - Reading : 2 minute(s)
After years of economic hardship, Lebanese citizens are finally beginning to see the possibility of replacing their vehicle or purchasing one for the first time. Auto loans, previously halted due to the devaluation of the Lebanese pound, banking restrictions and the financial crisis, are now being offered again, though in a very limited capacity ...
This is Beirut, 20/02 17:50 - Reading : less than a minute
Lebanon has received key recommendations from the World Bank (WB) concerning the country’s reconstruction efforts. According to information reported by LBCI, in a recent meeting at the Grand Serail, members of the WB delegation stressed the need to establish a dedicated reconstruction fund, along with reforms to ensure financial ...
This is Beirut, 27/01 13:05 - Reading : 4 minute(s)
Paris Donald Trump dollar dollars immigration
Asian markets mostly fell Monday on fresh trade fears after Donald Trump's threat to impose huge tariffs on Colombia in retaliation for its refusal to accept deportation flights from the United States. Traders were also assessing the impact of a new, cheaper Chinese generative AI programme amid claims it can outperform big-name rivals and worries ...
This is Beirut, 2024-12-12 19:20 - Reading : less than a minute
Moneychangers in Lebanon dollars
In response to reports of fake $50 notes in circulation, the syndicate of moneychangers in Lebanon, headed by Majed Walid al-Masri, released a statement on Thursday. According to the text, the problem is “greatly exaggerated.” The syndicate said it came to this conclusion “after coordinating with the relevant security services, which ...