Liliane Mokbel 03/10 20:35 - Reading : 2 minute(s)
Lebanon’s new car sales continue their recovery, supported by the reopening of vehicle inspection centers, simplified procedures through LibanPost and tax incentives for electric vehicles. Despite persistently high market risks, Fitch Solutions forecasts growth of 10% in 2025. From January to August 2025, new car registrations jumped 39.2% to ...
Christiane Tager 03/10 19:30 - Reading : 2 minute(s)
Oil markets face a striking paradox: crude prices remain resilient despite a looming oversupply. Global production is swiftly rising, yet the lack of reliable data on certain stockpiles and sanctioned oil makes it difficult to assess the true balance between supply and demand, according to Reuters and the Financial Times. Analysts agree that ...
Liliane Mokbel 03/10 16:30 - Reading : 3 minute(s)
Economy Lebanon Yassine Jaber Finance Taxes Digital
At a press conference on Friday at the Ministry’s headquarters, Finance Minister Yassine Jaber unveiled a roadmap to establish a digital financial administration that is efficient, transparent and citizen-focused. This transformation is built around four key pillars: Electronic Notifications Registered taxpayers now receive all official ...
This is Beirut 03/10 15:15 - Reading : 2 minute(s)
The BLOM Purchasing Managers’ Index (PMI) for September shows a historic rebound in Lebanon’s private sector, driven by a rapid rise in production and new orders, despite ongoing concerns over inflation and security. According to BLOM’s September 2025 PMI results, Lebanon’s private sector activity saw a notable improvement. The index rose ...
This is Beirut 03/10 14:10 - Reading : 1 minute(s)
Mobile operator Touch announced on Friday a major technical migration of its customer base to a new operational system, scheduled overnight from Sunday, October 5, to Monday, October 6, 2025. The upgrade, carried out with the support of Nokia and Huawei, may cause a temporary interruption of certain services. Touch stated in a press release that ...
This is Beirut 03/10 13:45 - Reading : less than a minute
It’s official: Prada received EU approval on Tuesday to acquire Versace in a deal valued at €1.25 billion (around $1.38 billion). Regulators cleared the transaction, ruling that it will not harm competition given the relatively limited global market share of both brands. The acquisition marks a pivotal step for the Italian giant. Beyond mere ...
This is Beirut 03/10 11:40 - Reading : 1 minute(s)
Internal Security Forces Lebanese Army United States Lebanon Hezbollah
Just hours before a government shutdown, the United States confirmed a new security aid package for Lebanon. The Lebanese Army and the Internal Security Forces (ISF) will receive $230 million in funding, a strong political signal of support for state institutions. According to Reuters, the US administration approved the funding on September 30, ...
Christiane Tager 03/10 10:30 - Reading : 2 minute(s)
New York economy art investment Lebanon
In an uncertain economic landscape, art is no longer just about decorating walls. For some, it represents a financial refuge where value can literally skyrocket in just a few years. A canvas like Pablo Picasso’s Les Femmes d’Alger (Version ‘O’) sold for more than $179 million, while Jean-Michel Basquiat’s Untitled (1982) fetched $110 ...
This is Beirut 02/10 17:05 - Reading : 1 minute(s)
Tripoli port Lebanon container economy Ministry of Finance
The Ministry of Finance has denied, in a statement issued by its press office, rumors circulating on social media claiming that Minister Yassine Jaber blocked the entry of containers at Tripoli Port. These accusations, the statement says, have been presented through a sectarian lens and are “misleading.” The statement clarifies that no ...
This is Beirut 02/10 16:00 - Reading : 2 minute(s)
Banque du Liban Lebanon budget dollar
The Secretary General of the Association of Banks in Lebanon (ABL), Fadi Khalaf, believes that 2026 could mark the beginning of implementing definitive solutions and relaunching the banking sector on a stronger footing. This milestone, he argues, would also allow depositors to recover their rights and help restore confidence in financial ...
This is Beirut 02/10 15:37 - Reading : 1 minute(s)
Elon Musk billion Forbes fortune
Elon Musk has set yet another record: he is now the first individual in history to amass a personal fortune of $500 billion, according to Forbes. The milestone highlights the extraordinary ascent of the world’s most talked-about entrepreneur. The pace of Musk’s wealth accumulation has been nothing short of astonishing. Back in 2020, his net ...
This is Beirut 02/10 15:35 - Reading : less than a minute
Beirut Port Lebanon container traffic
Omar Itani, the Chairman of the Board of Beirut Port, announced a significant rise in container traffic in September 2025, with a 35% increase compared to the same period last year. According to published figures, 80,676 standard containers were handled last month, up from 59,724 in September 2024. Meanwhile, the container terminal operated by ...