This is Beirut 19:15 - Reading : 2 minute(s)
Trump Media & Technology Group (TMTG), the parent company of the Truth Social platform, the upcoming streaming service Truth+ and the FinTech project Truth.Fi, announced that it has invested nearly $2 billion in bitcoin and bitcoin-related financial products. This initiative is part of the cryptocurrency treasury strategy previously outlined by ...
This is Beirut 13:30 - Reading : 1 minute(s)
In a new move to support Lebanon’s struggling hospital sector, the National Social Security Fund (NSSF) announced on Monday an advance payment of 65 billion Lebanese pounds to contracted hospitals to cover hospitalization fees under fixed-rate agreements. This payment, expected in the coming days, is part of a broader strategy of regular ...
This is Beirut 13:25 - Reading : less than a minute
After a tense Monday morning marked by a halt in fuel deliveries due to customs delays, the situation is beginning to ease. The interruption came after the customs administration failed to implement the removal of a 100,000 Lebanese pound tax in line with a new pricing schedule issued on Friday by the Ministry of Energy. Although the new schedule ...
This is Beirut 13:20 - Reading : less than a minute
The Port of Tripoli has experienced a remarkable boost in activity since early July, according to Ahmad Tamer, Director General of Land and Maritime Transport and head of the port. Tamer reported a sharp rise in container traffic, especially over the past two days. In a statement, he noted that nearly 4,200 standard containers were handled last ...
Liliane Mokbel 19/07 18:30 - Reading : 2 minute(s)
Turkey United Arab Emirates United States economy trade industry exports
According to data from the Higher Council of Customs, Lebanese exports rose by 21% between January and May 2025, reaching 1.5 billion dollars compared to 1.2 billion a year earlier. This increase reflects renewed competitiveness for “Made in Lebanon” products, which are seen as better suited to local purchasing power and more reliable in ...
Liliane Mokbel 19/07 15:00 - Reading : 1 minute(s)
The Lebanese arak industry is enjoying a remarkable revival. In 2024, exports of this iconic spirit reached 980,000 bottles, up from 700,000 in 2016. This represents a nearly 40 percent increase over eight years. In terms of value, the growth is even more impressive, rising from $3.7 million to $6.2 million, an increase of more than 67 ...
This is Beirut 18/07 12:00 - Reading : less than a minute
Lebanon Fuel Prices Tax Economy motorists
Fuel prices in Lebanon dropped significantly on Friday following the removal of a previously imposed tax. The measure, recently announced by the authorities, comes amid a challenging economic climate marked by persistent currency fluctuations and mounting pressure on consumers’ purchasing power. The decision had an immediate effect, causing a ...
This is Beirut 18/07 10:00 - Reading : 2 minute(s)
Netflix reported stronger than expected second-quarter results Thursday, with profit jumping 45 percent year-over-year as the streaming giant benefited from subscription price increases and a growing advertising business. Revenue climbed 16 percent to $11.1 billion in the quarter ended June 30, beating analyst estimates and the company's own ...
Bassam Abou Zeid 18/07 09:30 - Reading : 3 minute(s)
Cyprus Lebanon Syria Oil economy exploration gas maritime borders
Lebanon’s push to revive oil and gas exploration in its Exclusive Economic Zone remains stuck in limbo. Political gridlock and regional volatility have stalled progress, and even French energy giant TotalEnergies – holder of the license for Block 9 – has yet to take any operational steps or issue public statements. The only current movement ...
Christiane Tager 17/07 21:45 - Reading : 2 minute(s)
Since the start of the year, silver prices have soared nearly 30%, climbing from around $30.40 an ounce in January to nearly $37 in July – levels not seen since 2011. This is a rare surge for a metal that typically moves more cautiously than gold. Crossing the $35 per ounce threshold, silver has caught analysts off guard and stirred excitement ...
Liliane Mokbel 17/07 14:50 - Reading : 4 minute(s)
Lebanon Economy Entrepreneurs Exports New brands Franchise
Faced with soaring import costs and an ongoing multifaceted crisis, Lebanese entrepreneurs have shown remarkable ingenuity. Paradoxically, the country’s challenges have acted as a catalyst, pushing many in the private sector to create their own commercial brands. In a local market hungry for revitalization, particularly following the gradual ...
Christiane Tager 17/07 12:00 - Reading : 2 minute(s)
Since relative calm returned to Lebanon, one might have expected fares to drop. Not quite. Between high taxes, risk premiums, soaring operational costs, and a limited number of flights - not to mention the complete absence of low-cost carriers - travelers are still paying a steep price to fly into Beirut. “Demand hasn’t dipped, driven by ...