This is Beirut 15:15 - Reading : less than a minute
In order to continue offering insured patients high-quality care, hospitals will have to raise their prices with insurance companies by 15% as of January 2, 2025. Under the direction of its President, Sleiman Haroun, the Syndicate of Hospital Owners in Lebanon convened on Thursday. Participants talked about “the contractual relationship ...
This is Beirut 15:05 - Reading : 1 minute(s)
Turkey’s central bank lowered its key interest rate on Thursday for the first time since February 2023, cutting it by 2.5 percentage points to 47.5%. This move comes in response to a slowdown in inflation, which remains above 47% year-on-year. The rate had been held steady at 50% since March as part of efforts to curb inflation. The central ...
This is Beirut 14:45 - Reading : 2 minute(s)
According to Wissam Fattouh, the Secretary General of the Union of Arab Banks (UAB), Lebanon is set to enter a new phase aimed at restoring financial and monetary stability as the year 2025 approaches. In a recent statement, Fattouh emphasized that regaining confidence in the Lebanese pound is critical for achieving economic stability. This, he ...
This is Beirut 25/12 12:15 - Reading : less than a minute
Caretaker Minister of Agriculture Abbas el-Hajj Hassan sent letters to the Ministries of Defense, Interior and Municipalities, the Supreme Customs Council, the General Directorate of Customs, the Lebanese Army Command and the General Directorate of State Security, calling for action to combat the growing phenomenon of smuggling of agricultural ...
This is Beirut 23/12 21:05 - Reading : less than a minute
Mohammad Karaki, the Director General of the National Social Security Fund (NSSF), has requested that 27 billion Lebanese pounds be sent to hospitals through the appropriate financial services. This raises the entire sum given to hospitals since the start of December to 57 billion pounds, and for 2024, it will be approximately 207 billion ...
This is Beirut 23/12 21:00 - Reading : less than a minute
Electricity of Lebanon (EDL) announced on Monday that throughout the holiday season, the daily energy supply will be extended from around 4 to 6 hours to approximately 6 to 8 hours. "An additional gas unit and a half-steam unit have been installed at the Zahrani power plant, increasing output by 200 megawatts," the public energy supplier said in a ...
This is Beirut 23/12 13:20 - Reading : 1 minute(s)
The Director General of the Ministry of Economy, Mohammad Abu Haidar, stated that the war inflicted losses estimated at $12 billion to $15 billion on Lebanon’s economy, with direct losses exceeding 50%. In an interview with the local channel MTV, he explained that the war’s repercussions have deprived the country of revenues typically ...
This is Beirut 22/12 12:20 - Reading : 4 minute(s)
This photograph shows "Parfums de Marly" boutique, a luxury and niche perfume brand, in Paris on December 12, 2024. ©Grégoire CAMPIONE / AFP Produced in small batches with high-quality, natural or rare ingredients, niche perfumes are becoming big business even while retaining their exclusive nature. "We've had absolutely incredible ...
Liliane Mokbel 21/12 12:00 - Reading : less than a minute
The Lebanese population is estimated at 5.77 million in 2023, up from 5.74 million in 2022 and 5.72 million in 2021, according to ESCWA. Lebanon's demographic trends reveal a steady growth rate since 1950, when the population stood at 1.35 million. By 2000, the population had reached 4.33 million, and by 2020, it had grown to 5.70 million. The ...
This is Beirut 18/12 21:30 - Reading : less than a minute
The US Federal Reserve cut interest rates by a quarter point Wednesday and signaled a slower pace of cuts ahead, amid uncertainty about inflation and President-elect Donald Trump's economic plans. Policymakers voted 11-to-1 to lower the US central bank's key lending rate to between 4.25 percent and 4.50 percent, the Fed announced in a statement. ...
Liliane Mokbel 18/12 20:00 - Reading : 2 minute(s)
The issue of counterfeit $50 bills appears to be nearing a resolution. Over 80% of shops, supermarkets and gas stations now accept these bills for cash payments. The remaining 15% mainly consists of small neighborhood businesses, which have been particularly affected by the economic crisis and the fragility of a cash-reliant economy. “Most ...
This is Beirut 17/12 17:55 - Reading : less than a minute
Federal Reserve United States Financial Markets
Wall Street stocks pulled back early Tuesday ahead of a Federal Reserve decision on interest rates, as markets digested stronger than expected US retail sales. US retail sales rose 0.7 percent in November from a month earlier, up from a revised 0.5 percent in October and above analysts forecasts. The data came ahead of a two-day Federal Reserve ...