This Is Beirut 2024-01-22 16:25 - Reading : less than a minute
The Central Administration of Statistics (ACS) reported on Monday that the consumer price index in Lebanon for December 2023 recorded an increase of 0.02% compared to November 2023. This increase remains very moderate compared to the rebounds recorded in other months of the year (33.27% in March and 5.35% in May). On the other hand, the index ...
Liliane Mokbel 2024-01-22 07:30 - Reading : 3 minute(s)
The statements of Caretaker Prime Minister Najib Mikati, made on the sidelines of the Davos forum, about the impeding recovery of bank deposits have keyed up the online community, triggered various interpretations, and stirred up confusion among the public. Caretaker PM Najib Mikati announced from Davos that "a clear program detailing how ...
This Is Beirut 2024-01-19 21:43 - Reading : less than a minute
The press office of the Ministry of Finance announced on Friday that the cadastral and land administration offices will reopen their doors on Monday, as per the request of the Caretaker Minister of Finance, Youssef el-Khalil. Initially, they will process the accumulated requests and transactions from the past months. Once this work is completed, ...
This Is Beirut 2024-01-19 21:40 - Reading : 1 minute(s)
Caretaker Minister of Public Works and Transport, Ali Hamieh, stated on Friday that the allocated amount for road maintenance in the budget for the year 2024 is equivalent to 20% of the minimum amount required to ensure public and road safety. Hamieh called on the MPs to examine the financial aspect of road maintenance during the budget ...
This Is Beirut 2024-01-19 21:34 - Reading : less than a minute
The Caretaker Minister of Finance, Youssef El-Khalil, issued a decision on Friday extending the deadline for the payment of the value-added tax (VAT). This extension aims to provide taxpayers with more time to settle this tax and, consequently, avoid late fines. Accordingly, the deadline for submitting the periodic declaration and payment of VAT ...
This Is Beirut 2024-01-19 18:34 - Reading : 2 minute(s)
The President of the Finance and Budget Committee, MP Ibrahim Kanaan, stated in an interview broadcasted on 'MTV' that the budget submitted to Parliament lacks an economic and social vision. He remarked, "It was nothing more than a tax collection process." Kanaan asserted, "In the audit we conducted, it was evident that the government's revenue ...
This Is Beirut 2024-01-19 13:04 - Reading : less than a minute
The Speaker of Parliament, Nabih Berri, summoned MPs on Friday to sessions on Wednesday, January 24 and Thursday, January 25 at 11 AM to study and approve the 2024 budget. He also specified that dedicated sessions would be held in the evening of these two days. The draft State budget, having been finalized on Monday by the parliamentary Finance ...
Liliane Mokbel 2024-01-18 22:58 - Reading : 2 minute(s)
What once was a social safety net, represented by the National Social Security Fund (NSSF), is no longer. Despite the good will of NSSF Director-General Mohammad Karaki, the calculation and withdrawal process of end-of-service indemnities continue to pose a complicated contention. Unfortunately, it is the employees, who are the most vulnerable, ...
Nicolas Sbeih 2024-01-18 18:06 - Reading : 5 minute(s)
The Syrian issue is one of those recurring topics filled with bold statements, speeches at international podiums and "repatriation plans" on paper. However, the actual implementation of measures by various security services, municipalities or ministers tends to unravel along the way. All of the above unfolds against a backdrop of societal ...
2024-01-18 15:42 - Reading : 3 minute(s)
With climate change, ski resorts in Lebanon face the challenge of insufficient snow, increasingly shorter seasons, and rising expenses. Is it still a profitable sector? Climate change could signal the end of winter sports in Lebanon. While snow is still present in the mountains, it falls less frequently and later in the season. The first snowfall ...
Liliane Mokbel 2024-01-17 22:43 - Reading : 3 minute(s)
Initiating an adjustment of the dollar exchange rate at 89,500 Lebanese pounds before transitioning to a floating exchange rate regime is a prudent and essential measure. While standardizing the exchange rate is vital for economic revitalization, a key question remains: Does this imply a floating system, where the dollar-to-pound exchange rate is ...
This Is Beirut 2024-01-16 20:32 - Reading : less than a minute
The Price Index Committee met on Tuesday under the chairmanship of Caretaker Minister of Labor Moustapha Bayram as part of the follow-up to the increase in salaries and travel expenses for private sector workers. At the end of the meeting, Bayram announced that it had agreed to approve an increase in private sector travel expenses from 250 ...