This is Beirut 03/09 08:40 - Reading : 1 minute(s)
Donald Trump Banks Market Gold
Asia markets were down on Wednesday while gold extended its six-day rally after reaching a record high as investors sought safe havens following a selloff in equity and bond markets. Bullion for immediate delivery hit a fresh record as Asia markets opened, climbing 0.4 percent to hit $3,546.96 an ounce. Prices have risen five percent over the ...
Christiane Tager 02/09 15:35 - Reading : 3 minute(s)
Lebanon economy communication Internet Mobile phone Alfa Touch
For years, Lebanon has struggled with failing essential services and soaring costs. This also applies to the mobile phone sector. With “adjusted” plans and unreliable networks, subscribers oscillate between resignation and frustration, all while waiting for a clear signal, both figuratively and literally. Here’s an example of a revision and ...
This is Beirut 02/09 09:50 - Reading : 1 minute(s)
Banque du Liban Washington OFAC Sanctions
On Tuesday, the Banque du Liban (BDL) issued Circular No. 170, banning the direct or indirect entry of funds linked to Lebanese organizations subject to international sanctions, especially those imposed by the US Office of Foreign Assets Control (OFAC). The central bank cautioned that permitting such financial flows could endanger the ties ...
This is Beirut 02/09 08:55 - Reading : 1 minute(s)
Gold prices hit a record high above $3,500 on Tuesday, as investors sought out safe havens in the face of global economic uncertainty. The precious metal reached $3,501.59 an ounce during early trading in Asia, soaring past its previous record of $3,500.10 in April. The run in gold prices comes as investors weigh up a weakened US dollar and the ...
This is Beirut 01/09 13:10 - Reading : less than a minute
The Beirut and Mount Lebanon Water Establishment (EBML) has called on all subscribers to settle their outstanding water fees for 2025 and previous years through authorized collectors, distribution office counters, POS machines, and money transfer centers. In a statement issued Monday, the establishment said online payments via its website are ...
Liliane Mokbel 31/08 20:05 - Reading : 3 minute(s)
Lebanon economy Budget 2026 Taxes Reforms
For 2026, the Finance Minister has promised a deficit-free budget, with revenues and expenditures in balance. An attractive prospect, but at what cost to Lebanese households? Tax hikes and new levies could quickly turn that balance into a burden for taxpayers. The draft budget has been submitted to the General Secretariat of the Council of ...
Liliane Mokbel 30/08 16:00 - Reading : less than a minute
The 2025 wedding season in Lebanon has seen an unprecedented decline, confirming the continued downturn of a sector already weakened in recent years. According to industry professionals, the number of weddings has dropped to just 35% of pre-2019 levels, compared to 50% in 2023 and 40% in 2024. A total decrease of 65% since the beginning of the ...
Christiane Tager 30/08 10:00 - Reading : 2 minute(s)
culture tourism Beirut international airport
Every summer in Lebanon carries a hint of uncertainty: a sunny getaway shadowed by geopolitical clouds. In 2025, the gamble partly paid off. While not quite reaching the golden era of 2018–2019, the season brought hope to a sector long on edge. Between July and August, Beirut welcomed more than 100 daily flights, with passenger numbers ranging ...
Christiane Tager 28/08 12:00 - Reading : 2 minute(s)
LAU AUB School Tuition Scholarship
Back-to-school season in Lebanon has never been more daunting. Several private schools have raised tuition fees by 50 % to more than 120 % for the 2025–2026 academic year, nearly reaching pre-2019 economic collapse levels. At the university level, dollarization has turned tuition into an almost insurmountable challenge. Annual fees at the ...
Liliane Mokbel 27/08 18:10 - Reading : 3 minute(s)
Lebanon Gold Counterfeirt gold
On August 20 in Jounieh, a sweep by the Internal Security Forces led to the arrest of several members of a network selling counterfeit gold. While the operation highlights the need for vigilance, political, security and economic uncertainty continues to push Lebanese citizens toward the precious metal. But how can one tell a fake ounce from a ...
This is Beirut 27/08 15:50 - Reading : 2 minute(s)
Buoyed by a net profit and revenue increase of more than 10% in the first half of the year, Danish toy giant Lego plans to continue gaining market share despite a volatile global environment, the company’s CEO said in an interview with AFP on Wednesday. “In recent years, we’ve consistently outpaced market growth and gained share,” said ...
This is Beirut 27/08 09:25 - Reading : 3 minute(s)
USA Donald Trump Europe India Tariff
US tariffs of 50 percent took effect Wednesday on many Indian products, doubling an existing duty as President Donald Trump sought to punish New Delhi for buying Russian oil. Trump has raised pressure on India over the energy transactions, a key source of revenue for Moscow's war in Ukraine, as part of a campaign to end the conflict. The latest ...