This Is Beirut 2024-03-01 13:01 - Reading : less than a minute
In an interim circular bearing number 693 dated 29/2/2024, the Banque du Liban (BDL) made a temporary adjustment to the operating conditions of financial companies operating in Lebanon. Circular 693, which refers to the decision adopted by the Central Council of the Banque du Liban, which met on February 28, 2024, commands financial companies to ...
This Is Beirut 2024-02-29 18:54 - Reading : 1 minute(s)
Finance Ministry employees are maintaining their work stoppage, while their colleagues in other ministries have announced the temporary suspension of their strike until Friday, March 8, 2024. Paralysis at the Finance Ministry implies that the salaries of civil servants and pensioners will not be paid on time. The Ministry’s employees said they ...
Nicolas Sbeih 2024-02-29 12:28 - Reading : 4 minute(s)
Under normal circumstances, one should call it ‘the social engine.' However, the National Social Security Fund (NSSF) apparatus is no longer functioning the way it should. In fact, it was poised to become the first public victim of the financial crisis. But how did we even get there? The history of the National Social Security Fund (NSSF) has ...
Liliane Mokbel 2024-02-29 11:08 - Reading : 3 minute(s)
Once again, the government has granted salary increases to public sector employees, disregarding the fundamental recommendations for public sector reforms. The Council of Ministers, led by Caretaker Prime Minister Najib Mikati, met on Wednesday at the Grand Serail and approved a salary increase for public sector employees ranging from a ...
This Is Beirut 2024-02-28 17:37 - Reading : 1 minute(s)
President of the Syndicate of Travel Agencies Jean Abboud reassured travelers that "the rise in oil prices has not affected airfares, as fuel is not the only factor determining airline operating costs." He emphasized in a press release that "despite the continuing rise in oil prices, ticket prices will not be impacted until the cost of fuel ...
This Is Beirut 2024-02-28 17:26 - Reading : less than a minute
Omar Itani, Chairman of the Board of Directors and Director General of the Port of Beirut, was keen to clarify on Wednesday that the container stacking process inside the port that the Food Importers' Syndicate President referred to was caused by a strike by department employees of relevant ministries, such as those of Agriculture and Economy, ...
This Is Beirut 2024-02-28 17:04 - Reading : 1 minute(s)
Lebanon's Federation of Bakeries Syndicates said on Wednesday that the only solution to the ministry employees' open strike is to do them justice by asserting their rights as quickly as possible in order to avoid further financial losses for the state and stakeholders, including bakeries. In a statement, the Federation of Bakeries ...
This Is Beirut 2024-02-28 16:23 - Reading : less than a minute
Inflation remains high, at 177.25% year-on-year (January 2023 to January 2024) and 2.87% for January 2024 alone, according to the Central Administration of Statistics (CAS). The price of housing and utilities, which includes water, electricity, gas and other fuels, rose by 208.54%. Prices for food and non-alcoholic beverages rose by 180.96%. ...
This Is Beirut 2024-02-27 21:17 - Reading : less than a minute
The path to increasing the minimum wage and educational funds in the private sector was central to the discussions on Tuesday between Caretaker Minister of Labor Moustafa Bayram, Chairman of the Lebanese Economic Organizations and former minister Mohammad Choucair, and President of the General Confederation of Lebanese Workers, Bechara ...
ici 2024-02-27 18:25 - Reading : less than a minute
Fadi Abou Chakra, head of the fuel distributors’ syndicate in Lebanon, urged the Lebanese government, particularly Caretaker Prime Minister Najib Mikati, to swiftly address the ongoing strike by civil servants and the General Directorate of Oil. He emphasized that a prompt resolution is crucial to prevent citizens from bearing the ...
Liliane Mokbel 2024-02-27 17:52 - Reading : 2 minute(s)
The National Social Security Fund (CNSS), left to its own devices to recover its reserve funds in Lebanese pounds, has decided to take action. The National Social Security Fund has taken significant decisions to bolster its reserves and restore its role as a ‘partial safety net’ for healthcare for low- and middle-income individuals. The CNSS ...
This Is Beirut 2024-02-26 21:44 - Reading : 1 minute(s)
Caretaker Minister of Economy and Trade Amin Salam stated on Monday that Lebanon was significantly impacted by the repercussions of the war in Gaza, with the agricultural and tourism sectors bearing the brunt of this impact. In an interview with Sky News Arabia, Salam explained that the agricultural sector suffered substantial damage, asserting ...