Marc Saikali 11:25 - Reading : 2 minute(s)
Central Bank of Lebanon Banks Joseph Aoun lebanon Karim Souhaid
"The Central Bank of Lebanon (BDL) has a major responsibility in restoring confidence in the banking system." Those were the words of the President of the Republic during his visit this Wednesday to the headquarters of the Central Bank. The days when another President Aoun launched heavy-handed attacks on the ...
Christiane Tager 07/05 22:15 - Reading : 2 minute(s)
Lebanon Emirates Travel ban Tourism
After being away from Lebanon for years, the Emiratis are finally coming back. The lifting of the travel ban – announced on Sunday and taking effect today, Wednesday, May 7, 2025 – has been welcomed by tourism industry professionals, who see it as a potential boost for a struggling sector. Pierre Achkar, the President of the Federation of ...
This is Beirut 07/05 21:45 - Reading : 4 minute(s)
BDL Banque du Liban Lebanon Economy Parliament
Presenting a 33-page document containing substantial remarks on the banking reform bill submitted by the government, the Governor of the Central Bank of Lebanon, Karim Souhaid, attended a session of the Parliamentary Finance and Budget Committee held mid-week. The session was chaired by MP Ibrahim Kanaan and attended by 40 parliamentarians, along ...
This is Beirut 07/05 20:00 - Reading : 2 minute(s)
Lebanon’s public debt, long a symbol of its financial instability, is showing tentative signs of improvement. Recent data indicates a decline in the debt-to-GDP ratio, suggesting a modest stabilization following years of economic turmoil. At the peak of the crisis in 2021, Lebanon’s debt-to-GDP ratio soared to an unprecedented 357.7%, ...
This is Beirut 07/05 19:40 - Reading : 2 minute(s)
US Disney Abu Dhabi Entertainment Park
The Walt Disney Company announced plans Wednesday for a new theme park in the United Arab Emirates, highlighting the country's growing prominence as a global financial and entertainment hub. The waterfront resort will be located on Abu Dhabi's Yas Island and developed in partnership with local firm Miral. Disney stated that it aims to attract ...
This is Beirut 07/05 18:00 - Reading : 2 minute(s)
European Union USA Donald Trump Commercial War Tarifs
The EU is preparing to hit US goods worth nearly 100 billion euros ($113 billion) with tariffs in retaliation for President Donald Trump's sweeping levies if talks fail, European diplomats told AFP Wednesday. Trump has slapped a series of higher tariffs on Europe since March and in his biggest move, he imposed a 20-percent tariff on a majority of ...
This is Beirut 07/05 17:10 - Reading : 1 minute(s)
United Arab Emirates lebanon EPI Yale environment
Lebanon ranked 124th out of 180 countries in the 2024 Environmental Performance Index (EPI), published by Yale and Columbia Universities in collaboration with the World Economic Forum. With a score of 40.1 out of 100, Lebanon also placed 10th among Arab nations, falling below both regional and global averages. The EPI assesses countries based on ...
Liliane Mokbel 07/05 16:30 - Reading : 3 minute(s)
Beirut International Airport Joseph Aoun
In Lebanon, the current legal framework does not prohibit the display of portraits of political or religious figures, nor does it draw a clear line between commercial advertising and political propaganda. This legal ambiguity has created a gray area that, according to industry insiders, is actively exploited. “Political propaganda is not just ...
This is Beirut 07/05 16:20 - Reading : 1 minute(s)
Gulf Saudi Arabia agriculture Lebanon
Minister of Agriculture Nizar Hani announced a significant step forward in opening up regional markets to Lebanese agricultural products. In a statement to the MTV television channel, he revealed that a large portion of foreign markets are now accessible, and that from May 10, the Jordanian market will once again welcome Lebanese citrus fruits, ...
This is Beirut 07/05 16:15 - Reading : 1 minute(s)
NSSF Labor Ministry Mohammad Haidar minimum salary private sector economy
Minister of Labor Mohammad Haidar announced on Wednesday an immediate increase in the minimum wage for private sector employees, raising it to LBP 28 million, approximately $320 at the prevailing unofficial exchange rate. The increase, which represents more than a 50% hike, is the first step in a broader wage correction plan as Lebanon continues ...
This is Beirut 06/05 18:27 - Reading : 1 minute(s)
Lebanon Iraq Central Bank Baghdad Energy Oil agreement
Lebanon and Iraq have renewed a key energy deal through which Baghdad will supply Beirut with two million tons of crude oil, now under new payment terms that reflect shifting regional dynamics. In a notable departure from past arrangements, Lebanon has agreed to settle its dues in US dollars via direct transfers from the Banque du Liban, ending ...
This is Beirut 06/05 17:30 - Reading : less than a minute
Joseph Aoun United Arab Emirates Lebanon Beirut International Airport
Three Emirati planes will land on Wednesday at Beirut International Airport, marking the official resumption of air links between the United Arab Emirates and Lebanon, following the lifting of the travel ban on Emirati citizens. This decision, announced by President Mohammed bin Zayed Al Nahyan, will take effect on May 7, following Lebanese ...