This is Beirut 16:35 - Reading : 1 minute(s)
High-level banking sources were surprised by comments made by the senior adviser to the Minister of Finance, Yassine Jaber, to the “Al-Markaziya” outlet regarding depositors’ accounts. According to Samir Hammoud’s statement, “If there are irregularities in depositors’ accounts, there are also irregularities in banks’ ...
This is Beirut 04/11 19:20 - Reading : 3 minute(s)
Donald Trump New York Democrats Israel Palestine
Trump stirred the race by openly urging Jewish voters to reject Mamdani. “Any Jewish person who votes for Zohran Mamdani (…) is a stupid person!!!” he wrote Tuesday on Truth Social, accusing the frontrunner of “hating Jews.” Mamdani, 34, of Indian descent and a vocal supporter of the Palestinian cause, has raised concerns among parts of ...
This is Beirut 04/11 18:50 - Reading : 1 minute(s)
Banks Banque du Liban Central Bank of Lebanon
Karim Souhaid, Governor of the Central Bank of Lebanon (BDL), announced Tuesday that the BDL, in coordination with the Ministers of Finance and Justice, will draw up terms of reference for an external financial and judicial audit of all beneficiaries of the basic goods support program since October 17, 2019. The initiative will be launched through ...
This is Beirut 04/11 13:30 - Reading : 4 minute(s)
In appearance, Finance Minister Yassin Jaber sought to present his meeting with the Association of Banks in Lebanon (ABL) delegation at the Ministry of Finance as a broad, constructive session that projected an image of consensus. His public remarks reinforced this impression, suggesting that both sides—the ministry and the banks—were aligned ...
This is Beirut 04/11 10:30 - Reading : 2 minute(s)
Middle East New York Nintendo Console Switch 2
Nintendo said Tuesday it aims to sell 19 million Switch 2 consoles within this financial year, up from its previous target of 15 million for the smash-hit gadget. The Switch 2 became the world's fastest-selling games console after launching in June to a frenzy of excitement from fans of "Super Mario" and other top titles. "The hardware has seen ...
This is Beirut 04/11 09:20 - Reading : 1 minute(s)
United States Washington Rare Earths Vulcan Elements
The US government will become a shareholder in a startup specializing in rare earth processing, the company announced Monday, as the United States looks to reduce its dependence on China. Vulcan Elements, based in North Carolina, said the US government is to partner with private investors who will inject $550 million into the firm's capital. The ...
Liliane Mokbel 03/11 20:10 - Reading : 3 minute(s)
Hezbollah Banks Central Bank of Lebanon Sanctions Financial Times
On Sunday, the Lebanese market reacted strongly to a Financial Times (FT) investigation suggesting that Hezbollah has been using digital wallets and money transfer companies to raise funds and support its purported “charitable” networks. The companies under scrutiny — providers of digital wallets and money transfer services — quickly ...
Liliane Mokbel 01/11 14:30 - Reading : 1 minute(s)
Every year, the Lebanese state spends 135 million dollars to house its ministries, administrations, and public institutions in rented buildings across the country. This astronomical sum could have been largely saved. With better management of public finances, successive governments could have grouped several ministries under one roof, as is the ...
Christiane Tager 31/10 12:15 - Reading : 3 minute(s)
In Lebanon, industry remains both a social buffer and a key provider of foreign currency. Yet its macroeconomic footprint has shrunk, reflecting an economy battered by currency collapse, weak domestic demand, and high energy costs. Caught between export momentum and fragile profit margins, the “made-in-Lebanon machine” moves forward ...
This is Beirut 31/10 09:30 - Reading : 2 minute(s)
New York Washington Apple iPhone
Asian stock markets mostly rose Friday morning, with a surge in Japanese shares coming after better-than-expected earnings reports from US tech behemoths Apple and Amazon. Investor confidence in artificial intelligence has fuelled a rally in global stock markets this week that saw California-based chip designer Nvidia become the first-ever $5 ...
This is Beirut 30/10 16:15 - Reading : 2 minute(s)
EDL lebanon Joe Saddi Iraq Dubai South Lebanon
Energy and Water Minister Joe Saddi defended his ministry’s energy policy, stressing that Lebanon “has nothing to hide” and is working to stabilize electricity production despite severe financial and technical constraints. In an interview with LBCI, Saddi said that public institutions in the South, including Electricity of Lebanon (EDL) and ...
This is Beirut 30/10 11:20 - Reading : less than a minute
Dollars Artificial intelligence AI Nvidia
Artificial intelligence (AI) continues to push the limits – literally. On Wednesday, Nvidia became the first company in the world to surpass $5 trillion in market capitalization, a historical record cementing its dominance in the semiconductor industry. Once a simple graphics card manufacturer, Nvidia has become a cornerstone of the AI ...