Christiane Tager 2024-10-30 21:45 - Reading : 2 minute(s)
Since the beginning of the conflict between Israel and Hezbollah on October 8, 2023, Lebanon has endured significant human and economic losses, further weakening a country that faces serious political and economic challenges. The impact of the persisting conflict is felt across all sectors. In an interview with This is Beirut, financial and ...
This is Beirut 2024-10-30 19:25 - Reading : 3 minute(s)
Lebanon has suffered enormous human, material and economic losses due to the bombings, compounded by a massive wave of displacement not seen since the end of the Civil War in 1990. Most sectors of the Lebanese economy are currently stagnating, with significant declines in tourism and agriculture. The report indicates that the damages are colossal, ...
This is Beirut 2024-10-30 12:15 - Reading : less than a minute
Banks Banque du Liban Central Bank of Lebanon
In the coming 48 hours, beneficiaries of Banque du Liban (BDL) Circulars 158 and 166, related to exceptional withdrawals of fresh dollars, will receive updates regarding potential amendments. A source close to the Central Bank has indicated that the number of monthly payments available to eligible depositors will be reduced to two, instead of the ...
Liliane Mokbel 2024-10-29 17:15 - Reading : 3 minute(s)
Budget Lebanese pound Displaced
In the absence of a miraculous diplomatic breakthrough, there are fears that the war between Israel and Hezbollah will continue into next year, according to several reliable sources. In this scenario, economic forecasts project a GDP of $12 billion for 2025—well below that of Gaza and the West Bank. With such a figure, achieving the projected ...
This is Beirut 2024-10-29 15:40 - Reading : 1 minute(s)
The General directorate of the Land registry office announced on Tuesday that “the cadastral secretariats of Aley and Chouf will hand over ready payment orders and ready property titles to those who wish to have them, or their representatives, on Thursday, October 31, 2024.” It said that a reception mechanism has been determined for ...
This is Beirut 2024-10-29 13:00 - Reading : 4 minute(s)
The moment Israel's strikes on Lebanon's Bekaa Valley cease, Roland Abou-Khater straps a white flag to his truck, watches the sky for warplanes, then whisks a harvesting team to near the firing line. His vineyards in Lebanon's wine heartland, where Hezbollah holds sway, have become a death trap since Israel last month shifted its focus from Gaza ...
This is Beirut 2024-10-29 12:10 - Reading : 4 minute(s)
Banks Gulf Middle East Saudi Arabia Tik Tok United States
Global business leaders gathered in Saudi Arabia on Tuesday for a glitzy investor forum as conflict shakes the region and scepticism mounts over the Gulf kingdom's most ambitious development projects. The Future Investment Initiative (FII) debuted in 2017 as a showcase for de facto ruler Crown Prince Mohammed bin Salman's dream of diversifying ...
Liliane Mokbel 2024-10-25 19:10 - Reading : 3 minute(s)
Banks Central Bank of Lebanon United States lebanon
Lebanon has been officially placed on the Financial Action Task Force (FATF) grey list, as announced on Friday. This expected decision came as no surprise. “Of course, we are aware of the extremely dramatic situation in Lebanon, currently,” said Mexican Gafi President Elisa de Anda Madrazo, following the FATF meeting in Paris. “I would like ...
Christiane Tager 2024-10-25 09:35 - Reading : 3 minute(s)
United Nations war infrastructure private sector
Lebanon, already grappling with severe economic and political crises, is now facing the devastating impact of the ongoing military conflict between Hezbollah and Israel. This war has plunged nearly every sector of the country into a critical state, from infrastructures, the private sector, and agriculture to energy, water, and trade. The ...
Liliane Mokbel 2024-10-24 14:20 - Reading : 4 minute(s)
Lebanese Army Middle East United States
“The Qlayaat René Mouawad Airport could be opened for air traffic in emergencies to reduce the risks faced by crews and passengers at Beirut Rafic Hariri International Airport,” stated Sajih Attieh, chairman of the Parliamentary Committee on Public Works and Transport, in an interview with This is Beirut. The President of the Private Pilots ...
Maurice Matta 2024-10-24 10:40 - Reading : 5 minute(s)
United Nations war mikati hajjar aids
On October 1, caretaker Prime Minister Najib Mikati and UN Humanitarian Coordinator Omran Riza launched an urgent appeal for $426 million to address the immediate humanitarian needs of civilians affected by the war and the resulting crisis. To date, the United Nations has secured commitments totaling approximately $150 million, with continued ...
This is Beirut 2024-10-23 18:35 - Reading : less than a minute
Beirut International Airport Middle East
Jean Abboud, President of the Lebanese Tourist and Travel Agency Owners’ Union, revealed that flight bookings departing from Beirut, via Beirut Rafic Hariri International Airport, have decreased over the last ten days by around 20-30% compared to the previous period. In a press release on Wednesday, he stated that the number of flights will ...