This Is Beirut 2024-02-26 17:48 - Reading : 2 minute(s)
The American rating agency Standard & Poor's (S&P) has maintained Lebanon's foreign currency bonds rating at SD/SD and its Lebanese pound-denominated debt securities rating at CC/C, with a steady negative long-term outlook. The agency attributed the negative outlook on the pound-denominated debt to the potential restructuring of this debt ...
This Is Beirut 2024-02-25 16:11 - Reading : 2 minute(s)
Following numerous strikes, protests and controversies, a solution to the issue of salaries and retirement pensions within the public sector might materialize. After postponing Friday's Council of Ministers meeting, which was meant to address this matter, caretaker Prime Minister Najib Mikati held a series of consultations within recent hours. ...
This Is Beirut 2024-02-25 16:06 - Reading : 2 minute(s)
On Sunday, the General Director of the WTO, Nigerian Ngozi Okonjo-Iweala, announced the launch of a $50 million fund aimed at supporting female entrepreneurs from developing countries in expanding their exports through opportunities offered by the digital economy. The announcement was made on the eve of the opening of the 13th Ministerial ...
This Is Beirut 2024-02-23 17:59 - Reading : 1 minute(s)
On Friday, Caretaker Minister of Environment Nasser Yassin signed a memorandum of cooperation between his ministry, the United Nations Development Programme (UNDP), represented by Deputy Resident Representative Mohamed Salih, and Cedre Oxygen, represented by Managing Director Anthony Jabbour, on the occasion of the launch of the "Lebanon Green ...
This Is Beirut 2024-02-23 17:46 - Reading : 1 minute(s)
Caretaker Minister of Industry, George Bouchikian, announced at a press conference on Friday that the "Made in Lebanon" exhibition will be held from May 9 to 14 at the Forum de Beyrouth. Sponsored by the Ministry of Industry and the Industrialists' Association, it will occupy 12,000 m² and feature 250 stands. In a speech, Bouchikian revealed ...
This Is Beirut 2024-02-23 11:32 - Reading : 4 minute(s)
The Houthis' attacks on commercial ships in the Red Sea exacerbated uncertainty in the region, raising costs on firms and prompting risk premiums and freight rates to soar. Insurance providers can henceforth demand an extra war premium, but for a limited amount of time. Attacks by the Houthis on commercial ships in the Red Sea sent insurance ...
2024-02-22 22:04 - Reading : 4 minute(s)
For the past few days, employees from various ministries have been alternating in announcing strikes to protest discrimination among civil servants. While some are entitled to or expected to receive special allowances, others are not. Caretaker Prime Minister Najib Mikati has called for a freeze on the allocation of these funds. What is it all ...
This Is Beirut 2024-02-22 21:43 - Reading : 1 minute(s)
Caretaker Minister of Public Works and Transport Ali Hamieh discussed with the Secretary-General of the World Meteorological Organization (WMO), Celeste Saulo, the prospects for developing cooperation between Lebanon and the WMO, on the sidelines of his participation in the United Nations Economic Commission for Europe Conference. Lebanon is ...
This Is Beirut 2024-02-22 21:40 - Reading : less than a minute
The Ministry of Telecommunications has denied reports of an increase in postal rates. In a statement, it asserted that it has not decided to increase postal rates and that any changes in this context are subject to approval by the Council of Ministers and the State Council. The Ministry pointed out that as soon as the 2024 budget was published ...
Nicolas Sbeih 2024-02-22 08:49 - Reading : 4 minute(s)
The suspenseful series of "crisis exit plans" is continuing with great success on the government's encrypted channel, maintaining the same theme but varying in style and appellation. Over the past four years, we've had about 10 plans labeled "recovery," "rescue," "restructuring"... But in reality, these plans more closely resembled, in the ...
2024-02-21 21:08 - Reading : 3 minute(s)
The Constitutional Council (CC) suspended on Monday the application of five articles of the budget law for fiscal year 2024, following an invalidation appeal lodged by the Lebanese Forces (LF). What does this mean in practical terms, and what are the consequences of this decision? The Constitutional Council (CC) suspended on Monday the ...
This Is Beirut 2024-02-21 15:20 - Reading : 1 minute(s)
Iskandar Al-Hallak, Director of Treasury at the Ministry of Finance, announced in a press release on Wednesday that, in accordance with a decision taken by caretaker Minister of Finance Youssef Khalil, the department made tax stamp-printing machines available at treasuries in various regions. The assigned official must use the stamp printing ...