This Is Beirut 2024-09-20 13:05 - Reading : less than a minute
Gold prices set a new record on Friday, surpassing $2,609, driven by the prospect of further US interest rate cuts boosting demand for the precious metal. The price of gold surged to $2,609.74 per ounce just two days after the US Federal Reserve made a significant rate cut for the first time since 2020, indicating that more reductions are ...
This Is Beirut 2024-09-18 12:34 - Reading : 1 minute(s)
Caretaker Minister of Economy and Trade, Amin Salam, launched a platform on Tuesday evening to boost exports to China in cooperation with the Ministry of Foreign Affairs and Lebanese Signature. “This platform is the first of its kind. Initially, it will feature ten companies showcased on China's premier online marketplace, JD.com," stated ...
Liliane Mokbel 2024-09-18 11:10 - Reading : 2 minute(s)
L The transition to electronic tax stamps is a necessity. It didn’t come as a surprise to the general public when MP Ibrahim Kanaan, head of the Parliamentary Finance and Budget Committee, made this announcement last week after the committee's meeting. What concerns citizens most is when and how they will be able to access it. At this point, ...
Maurice Matta 2024-09-18 09:06 - Reading : 2 minute(s)
Lebanon’s Central Bank (BDL) is making progress with the Safeguards Assessment Program, signed with the International Monetary Fund (IMF) earlier this year. The program centers on revising accounting policies, financial reporting and disclosures to uphold the highest standards of governance and transparency. The Safeguards Assessment Program, ...
Maurice Matta 2024-09-16 11:00 - Reading : 4 minute(s)
The Parliament approved 14 laws during its sessions on December 14 and 15, 2023. On December 19, the Cabinet decided to issue these laws on behalf of the President. Later on, the caretaker Prime Minister published 11 of them in the Official Gazette, while withholding three: one amending provisions related to private school teaching staff ...
This Is Beirut 2024-09-13 21:10 - Reading : 2 minute(s)
Caretaker Economy and Trade Minister Amin Salam unveiled the Monthly Food Price Index on Friday, developed in collaboration with the World Food Programme (WFP). Salam met with a WFP delegation on Friday before unveiling the inaugural Monthly Food Price Index for July 2024. This launch marks a major step forward in the ministry’s commitment to ...
This Is Beirut 2024-09-13 18:58 - Reading : 1 minute(s)
Walid Fayad, Caretaker Energy Minister, paid an inspection visit to the Beirut and Nahr al-Kalb rivers on Friday, as clean-up efforts neared completion. The tour’s objective was to inspect the work being done to clean up the riverbeds in order to avoid previous problems such as flooding, landslides, and rock falls caused by severe rains. Fayad ...
Liliane Mokbel 2024-09-13 15:32 - Reading : 3 minute(s)
The reinstatement of fiscal and budgetary discipline remains an unattainable goal. By submitting the 2025 draft budget to the government, caretaker Finance Minister Youssef Khalil once again bypassed the laws and regulations governing the preparation of the state budget. In early September, caretaker Finance Minister Youssef Khalil ...
This Is Beirut 2024-09-13 12:48 - Reading : less than a minute
Lufthansa, Europe's largest airline, announced on Thursday that it would extend the suspension of its flights to Beirut until October 15, attributing this decision to heightened tensions in the Middle East. The airline group, which encompasses Eurowings, Austrian, Swiss and Brussels Airlines, initially suspended flights to the Lebanese capital at ...
2024-09-12 19:58 - Reading : 2 minute(s)
Ten MPs – Ashraf Rifi, Michel Moawad, Fouad Makhzoumi, Ghassan Hasbani, Georges Okais, Adib Abdel Massih, Elias Hankach, Marc Daou, Bilal Houchaymi and Michel Douaihy – presented a petition on Thursday, calling for the formation of a parliamentary commission of inquiry to look into “the transgressions and acts of negligence committed in ...
Maurice Matta 2024-09-12 18:38 - Reading : 3 minute(s)
Wassim Mansouri, the Acting Governor of Lebanon's Central Bank (BDL) has concluded his meetings with correspondent banks in London, returning with reassurances that these institutions will continue to cooperate with Lebanon, regardless of the anticipated decision by the FATF (Financial Action Task Force) on October 24. However, the risk of Lebanon ...
This Is Beirut 2024-09-11 20:03 - Reading : 1 minute(s)
Eighteen Lebanese students supported by the “CMA CGM Excellence Fund for Education” program joined the HEC Paris campus on September 10. This program, launched in 2021 - in collaboration with HEC Paris and École Polytechnique in France, Oxford University, Imperial College and King's College in the UK, the American University of Beirut (AUB), ...