Wassim Mansouri Reflects on His Interim Leadership at the BDL

This is Beirut 25/03 22:40 - Reading : 3 minute(s)

Banque du Liban Central Bank of Lebanon

As the Lebanese Cabinet under Nawaf Salam prepares to appoint a new governor for the Banque du Liban (BDL), assessments on Wassim Mansouri's interim tenure since August 2023 are mixed. Some view his actions as having preserved a degree of stability amidst unprecedented political and security crises, while others argue that the stability he has ...

Stocks Up as Fears Ease Over Next Trump Tariffs

This is Beirut 25/03 16:15 - Reading : 3 minute(s)

Donald Trump Europe New York USA Washington

Wall Street clung to strong gains and European stocks rose on Tuesday over easing concerns about the next round of tariffs from US President Donald Trump. The Dow, the broad-based S&P 500 and the tech-heavy Nasdaq were all up around 0.1 percent in early deals, following a rally fuelled by technology stocks the previous day. Sentiment was buoyed ...

China says Canada 'seriously damaging' interests in trade spat

This is Beirut 25/03 10:35 - Reading : 2 minute(s)

Donald Trump United States USA

China on Tuesday accused Canada of "seriously damaging" its interests, defending its tariffs against the country after Ottawa launched a dispute against Beijing at the World Trade Organization. Beijing this month slapped a 100 percent surcharge on rapeseed oil, oil cakes – a type of animal feed – and peas imported from Canada. China said the ...

Tesla's EU Sales Plunge 49% Year-on-Year In First Two Months of 2025: Industry Body

This is Beirut 25/03 10:20 - Reading : 2 minute(s)

European Union

European sales of Tesla electric cars dropped 49 percent in January-February compared with the same period a year earlier, the ACEA manufacturers' association said Tuesday. Ageing models are one factor behind the plunge so far this year, but e-vehicle clients may also be refusing to buy in protest of Tesla's billionaire owner Elon Musk since he ...

Boosting the Agricultural Sector: Joint Efforts Between Economic Organizations and Minister of Agriculture

This is Beirut 24/03 21:15 - Reading : 1 minute(s)

Gulf

Economic organizations, led by former Minister Mohammad Choucair, discussed strategies to revitalize and modernize Lebanon's agricultural sector with Minister of Agriculture Nizar Hani on Monday. The meeting was held at Beirut and Mount Lebanon Chamber of Commerce, in the presence of representatives of the main agricultural associations. Choucair ...

Digital Revolution in Lebanon: The Ministry of Technology's Plan to Revitalize the Economy

This is Beirut 24/03 21:10 - Reading : 1 minute(s)

Gulf United Arab Emirates

Facing economic and technological challenges, Lebanon is turning towards a digital revolution to reshape its economy and services. In an interview with Akhbar al-’An, Kamal Shehadeh, Minister of the Displaced and State Minister for Technology Affairs and Artificial Intelligence, outlined an ambitious plan to modernize the country’s digital ...

Istanbul Mayor Arrested: An Economic Shock for Turkey

Christiane Tager 24/03 20:55 - Reading : 3 minute(s)

Republicans Turkey

Ekrem Imamoglu, mayor of Istanbul since 2019 and member of the Republican People's Party (Cumhuriyet Halk Partisi or CHP in Turkish), the main opposition party, was incarcerated after being convicted of “public insults” against government officials. This development comes at a particularly difficult time for the Turkish economy, already ...

China’s BYD Posts Record Annual Revenue, Beats Tesla

This is Beirut 24/03 14:50 - Reading : 1 minute(s)

Chinese carmaker BYD saw a surge in revenue last year, a stock filing showed Monday, surpassing the $100 billion mark and beating rival Tesla as the Shenzhen-based firm accelerates its overseas expansion. BYD has emerged in recent years as the clear leader in China's highly competitive electric vehicle market, which is the largest in the ...

Railway and Public Transport Authority: The Locomotives Stopped Rolling in 1996

Liliane Mokbel 23/03 21:30 - Reading : 4 minute(s)

Lebanon Trains Railways

With bitter sarcasm, the Lebanese refer to the Railway and Public Transport Authority (OCFTC), now seen as a symbol of public sector waste. The last train from Beirut to Rayak ran in 1975, and the Beirut–Tripoli line was shut down in 1996. Yet the institution has somehow endured. Initially used for freight, the trains later carried ...

Historic Drought: Ecological and Economic Disasters

Christiane Tager 22/03 13:26 - Reading : 4 minute(s)

This year, Lebanon has experienced an exceptionally dry winter, with rainfall dropping by 70% compared to previous years. This prolonged drought is having devastating effects on multiple key sectors. Agriculture, water supply, energy, and even public health are all under threat due to the lack of precipitation. The consequences of this drought are ...

Figure of the weekBeirut Stock Exchange: Trading Volume Drops 80%!

Liliane Mokbel 22/03 12:00 - Reading : less than a minute

stocks lebanon trading banking

The Beirut Stock Exchange (BSE) saw a sharp decline in activity during the week of March 14, with trading volume dropping to 115,916 shares, compared to 570,083 the previous week. The total value of transactions also decreased, falling to $3.44 million from $4.94 million the week before, according to a report by Banque du Crédit ...

EDL Clarifies Power Rationing Measures

This is Beirut 21/03 18:50 - Reading : 2 minute(s)

Lebanon Electricity EDL

Electricité du Liban (EDL) explained on Friday the reasons behind the increased power-rationing amid ongoing daily protests in the Beqaa. Citizens in this area are expressing their discontent with what they consider to be an overly harsh rationing schedule. EDL explained that since the shutdown of the hydropower plants operated by the National ...