Economy

Development Plan for Fishing and Aquaculture Launched
Development Plan for Fishing and Aquaculture Launched

Caretaker Prime Minister Najib Mikati, on Friday, sponsored the launch of the “Plan for the Development of the Fishing and Aquaculture Sector” by the Agriculture Ministry, at the Grand Serail. The ceremony was attended by several ministers, including Agriculture Minister Abbas Al Hajj Hassan, and a number of ambassadors, heads of diplomatic ...

Memorandum of Understanding Between Industrialists and Beirut Port
Memorandum of Understanding Between Industrialists and Beirut Port

The Association of Lebanese Industrialists, represented by its president, Salim Zeenni, and the Beirut Port Management and Investment Committee, represented by Beirut Port General Manager, Omar Itani, signed a memorandum of understanding on Friday, aiming to develop a cooperation framework between the two parties to support the industry and ...

Peter, Murphy and Overton by the Country’s Side
Peter, Murphy and Overton by the Country’s Side

  Laurence Peter was not really a cynical man at heart. He was a simple, competent Canadian educator, mainly serving at the University of Southern California, and passed away in 1990. However, in the meantime, he upset the administrative and business world with The Peter Principle, a book published in 1960 that was translated into 38 ...

Ministry of Finance: Taxing Windfall Profits
Ministry of Finance: Taxing Windfall Profits

The Ministry of Finance has directed the Association of Banks in Lebanon (ABL) to notify its members to provide a list of their clients, individuals and entities, including names, addresses and tax registration numbers, who have repaid their debts in bank dollars or lollars. This request is based on provisions of tax procedural law and aims to ...

Bohsali: Food Prices Are Stable
Bohsali: Food Prices Are Stable

Hani Bohsali, President of the Union of Food Importers, assured on Tuesday that food prices would remain stable. In a statement, he described some reports of a rise in food prices due to the continuing rise in sea freight costs as a result of tensions in the Red Sea and the continuing Russian-Ukrainian war, as “exaggerated.” Bohsali stressed ...

Khalil: 2025 Budget is on Schedule
Khalil: 2025 Budget is on Schedule

Caretaker Finance Minister, Youssef Khalil, on Tuesday, reiterated his ministry’s “commitment to submitting the 2025 budget within constitutional deadline.” In an administrative meeting devoted to assessing the stages reached in preparing the budget, in light of meetings with economic officials and international donors, Khalil reaffirmed ...

Iraq Invites Private Companies to Operate Baghdad Airport
Iraq Invites Private Companies to Operate Baghdad Airport

Iraqi authorities called on international private sector companies to bid for the expansion and operation of Baghdad's international airport after years of neglect in the conflict-scarred country. In September, the government signed an agreement with the World Bank's International Finance Corporation (IFC) to invite private companies to upgrade ...

NSSF Transfers LBP 45 Billion to Hospitals
NSSF Transfers LBP 45 Billion to Hospitals

The Director General of the National Social Security Fund (NSSF), Mohamad Karaki, has issued a request to the relevant financial services to transfer 45 billion Lebanese pounds to hospitals. This sum is intended to pay for treatment of dialysis patients. This brings the total amount paid out since the beginning of the year to 626 billion pounds. ...

Internet: No Widespread Outage
Internet: No Widespread Outage

For some time now, the public provider of landline and Internet services, Ogero, has been reporting outages across the country. The cause is a lack of funds to purchase fuel to run the central office generators and to ensure maintenance. However, the outgoing Minister of Telecommunications seeks to reassure, asserting that no widespread outage is ...

Abboud Says BIA Is Witnessing 14,000 Daily Arrivals
Abboud Says BIA Is Witnessing 14,000 Daily Arrivals

“Around 14,000 people arrive daily at the Beirut International Airport (BIA), with 85 to 90 aircraft landing every day,”  revealed Jean Abboud, head of the travel and tourism offices syndicate, on Monday. He assured that the 2024 summer season is shaping up to surpass last year’s. He mentioned that “the aircraft occupancy rate is over ...

When the Lebanese State Embraces Mendicancy
When the Lebanese State Embraces Mendicancy

On Thursday morning, caretaker Minister of Energy and Water Walid Fayad announced that he received a call from the Director General of SOMO, the Iraqi Oil Ministry's company, informing him that the Iraqi Prime Minister, Mohammad al-Sudani, had permitted to load a fuel ship in solidarity with Lebanon and its people, allowing for the unloading of ...

EDL: Marjayoun Station Out of Service
EDL: Marjayoun Station Out of Service

An Israeli aircraft bombed on Saturday night the main Marjayoun power station, causing “serious damage,” according to a statement issued by Électricité du Liban (EDL). This station supplies electricity to around 40 villages in the south of the country. The public electricity supplier reported that, during Israel's latest series of attacks ...