This is Beirut 2024-10-20 14:10 - Reading : less than a minute
The 60th edition of SIAL (International Food Exhibition) opened in Paris on Saturday and will run until October 23. Despite Lebanon's challenging circumstances, 32 Lebanese agro-industrial institutions are participating, with 18 represented at the Lebanese pavilion. The caretaker Minister of Industry, Georges Bouchikian, inaugurated the pavilion ...
This is Beirut 2024-10-19 13:10 - Reading : less than a minute
Caretaker Energy Minister Walid Fayad stated on Saturday that the damage caused by Israeli airstrikes on Lebanon is estimated at nearly $440 million in the water and energy sectors, while the losses in the services, education, and health sectors amount to billions of dollars. He specified that the damage to electricity and water networks alone ...
Liliane Mokbel 2024-10-18 12:50 - Reading : 3 minute(s)
insurance war risk gaza health
Lebanon is under fire, and insurance premiums against war risks are reaching historic peaks. Reinsurers adjust the prices of premiums in real-time, responding instantly to changes in the intensity of the fighting on the ground. What is valid at one moment may no longer be so a few hours later. It’s chaos. Renewing war risk insurance policies in ...
2024-10-17 21:35 - Reading : 3 minute(s)
War, with its devastating consequences, not only claims human lives, but also leads to the destruction of essential resources for the population’s survival. In southern Lebanon, the conflict between Israel and Hezbollah has ravaged agricultural lands, threatening the production of citrus, fruits, vegetables and olives – crops that are crucial ...
This is Beirut 2024-10-17 14:40 - Reading : 1 minute(s)
Due to the ongoing war, the Finance Ministry announced on Thursday a series of “exceptional measures to facilitate the completion of transactions for citizens under the supervision of the Regional Fiscal Authority in Nabatieh and Baalbek Al-Hermel governorates.” The ministry stated that residents of Nabatieh and Baalbek-Hermel can submit ...
Liliane Mokbel 2024-10-17 10:00 - Reading : 2 minute(s)
Europe Gulf Kuwait Middle East Saudi Arabia Tehran Ukraine United States
Iran may have to resort to a strategic tool: control of the Strait of Hormuz. According to several analyses, this tactic could be as devastating as a nuclear weapon. However, unlike a nuclear weapon, whose use would bring catastrophic consequences for Iran itself, the threat of closing the Strait of Hormuz serves as a form of "asymmetric ...
This is Beirut 2024-10-16 11:10 - Reading : less than a minute
Iraq pledged to supply 200,000 tons of flour to Lebanon as part of an emergency humanitarian aid package designed to alleviate the burden of the ongoing crisis in Lebanon, following the Israeli attacks on the country. This was announced on Wednesday by caretaker Minister of Economy Amin Salam following a phone call with his Iraqi counterpart, ...
Maurice Matta 2024-10-16 08:30 - Reading : 8 minute(s)
Economy Al Qard Al Hassan Hezbollah Lebanon
Many legal experts agree on the idea that "the Al-Qard Al-Hasan Association is a loophole in Lebanese law." The change in terminology does not alter the legal nature, which means that it is, in essence, a bank under legal reality and cannot be considered a non-profit charity organization, as it identifies itself. Specific circulars about Al-Qard ...
2024-10-15 22:04 - Reading : 2 minute(s)
Oil prices continued their downward trend on Tuesday, falling by more than 3%, after The Washington Post reported that Israeli Prime Minister Benjamin Netanyahu had assured US President Joe Biden in a phone conversation that he planned to strike the Iranian military, not oil or nuclear infrastructure, in retaliation for the Iranian strikes on ...
This is Beirut 2024-10-15 12:20 - Reading : 2 minute(s)
Covid-19 International Monetary Fund
Global public debt is expected to reach a record $100 trillion this year, the IMF said Tuesday, warning that the fiscal outlook for many countries may be even "worse than expected." In its latest report on fiscal policy, the International Monetary Fund said it expects global public debt to hit 93 percent of global gross domestic product (GDP) ...
2024-10-12 13:35 - Reading : 2 minute(s)
Over the years, Lebanon’s conflicts have consistently driven large-scale displacements, whether domestically or internationally. The current war between Israel and Hezbollah has similarly led to a surge in departures to various destinations. While exact figures remain elusive, the numbers are striking. Middle East Airlines (MEA), Lebanon’s ...
2024-10-11 16:33 - Reading : 2 minute(s)
Over a million Lebanese citizens have been forced to leave their homes due to the escalating Israeli bombardments, seeking refuge in safer regions. This phenomenon has led to a significant surge in real estate prices in areas that remain unaffected by the conflict between Hezbollah and Israel. Several factors have contributed to this increase, ...