EU Could Target 72 Bn Euros of US Goods If Tariff Talks Fail

This is Beirut 14/07 17:30 - Reading : 1 minute(s)

United States European Commission Europe Trade Tariffs Donald Trump

The European Commission on Monday said it was putting forward a new list of US goods worth 72 billion euros ($84 billion) that could be targeted by EU levies if tariff talks with Washington fail. The bloc's trade chief, Commissioner Maros Sefcovic, announced the proposal, "accounting for some 72 billion euros' worth of US ...

Parliamentary Subcommittee Advances Banking Reform Bill

This is Beirut 14/07 17:30 - Reading : 2 minute(s)

Banks Ibrahim Kanaan lebanon Banque du Liban Yassin Jaber

The parliamentary subcommittee tasked with drafting the long-awaited banking reform bill made significant headway on Monday, as lawmakers inched closer to adopting several key provisions aimed at revamping the financial sector. Chaired by MP Ibrahim Kanaan, the session was attended by Minister of Finance Yassine Jaber, a number of MPs and Central ...

Public Sector Anger Grows Amid State Inaction in Lebanon

This is Beirut 14/07 13:30 - Reading : 1 minute(s)

Strike Corruption Lebanon Salaries Protests civil servants

Lebanese civil servants are once again raising their voices. In a statement issued Monday, the Public Sector League reiterated its full support for the ongoing strike, denouncing what it described as the "neglect of the most basic rights" of Lebanese public employees, who have become "the victims of the state’s collapse and its abdication of ...

Lebanon's Central Bank Partners with K2 Integrity to Exit Grey List

This is Beirut 14/07 12:20 - Reading : 1 minute(s)

Lebanon Central Bank K2 Integrity Grey list Financial Action Task Force United States

As part of its strategy to curb the expansion of the informal economy and combat illicit and fraudulent activities, Lebanon’s Central Bank announced on Monday the signing of a cooperation agreement with US-based firm K2 Integrity, which specializes in global risk management, compliance, and financial investigations. The agreement is part of the ...

Bitcoin Rallies Past Record $120,000 as Asian Markets Rise

This is Beirut 14/07 08:55 - Reading : 3 minute(s)

Donald Trump Emmanuel Macron European Union Banks Bitcoin

Bitcoin surged past the $120,000 mark for the first time on Monday, setting a new record as optimism grows around potential regulatory breakthroughs for the cryptocurrency industry this week. The digital asset peaked at $122,571.19 before easing slightly, trading 2.4% higher at $121,952.61. Most Asian markets rose Monday as investors digested ...

Trump Announces 30% Tariffs on EU and Mexican Imports

This is Beirut 12/07 17:25 - Reading : 4 minute(s)

Donald Trump European Union United States USA Washington

Donald Trump announced on Saturday the imposition of 30% tariffs on products imported into the United States from the European Union and Mexico, a new escalation amid ongoing negotiations ahead of the August 1 deadline, which has raised alarm across Europe. The U.S. president justified the decision in a new letter published on his Truth Social ...

Figure of the week2024: A Year of War and Financial Solidarity

Liliane Mokbel 12/07 15:00 - Reading : 1 minute(s)

Amid ongoing conflict and persistent economic instability, remittances from Lebanese abroad continue to play a vital role in Lebanon’s financial survival. Since 2006, when remittance flows hit a low of $5.72 billion, the volume of money sent back to Lebanon has fluctuated in response to both domestic and global conditions. The highest level ...

Lebanon Takes the Lead in Bread Production Advances

This is Beirut 11/07 19:55 - Reading : 2 minute(s)

Antoine Seif Lebanon Tunisia Arab Bread Forum food security Bread-making

The President of the Lebanese Bakers’ Union, Antoine Seif, participated via videoconference in the Arab Bread Forum, held in Tunisia on July 10 and 11. The event, which focused on challenges facing the grain and bakery sectors, brought together representatives from the Tunisian government, as well as food safety experts and bakery unions from ...

SpotlightGovernment Finalizes Financial Appointments, Names Mazen Soueid as Head of the Banking Control Commission

Maurice Matta 11/07 19:45 - Reading : 5 minute(s)

Lebanon Banks Banque du Liban Economy

At midnight between Monday and Tuesday, June 9, the terms of the four vice governors of the Central Bank of Lebanon (BDL) expired: Wassim Mansouri, Bachir Yaqzan, Salim Chahine, and Alexander Mouradian, along with the mandate of the president and members of the Banking Control Commission and three members appointed as experts to the Capital ...

Finance Minister Reveals Details of Lebanon’s Upcoming Visit to Iraq

This is Beirut 11/07 19:05 - Reading : 1 minute(s)

Yassine Jaber Lebanon Economy Iraq

Finance Minister Yassine Jaber revealed important details on Friday regarding the planned Lebanese ministerial visit to Baghdad. During a meeting with Iraq’s Chargé d’Affaires Mohammad Reda al-Husseini, Jaber revealed that the visit, originally scheduled for last month, had been postponed. The visit will address sensitive bilateral issues, ...

Global Oil Demand Slumps Amid Tariff Tensions, Says IEA

This is Beirut 11/07 17:25 - Reading : 1 minute(s)

Oil IEA Donald Trump Tariffs

Growth in oil demand is anemic globally, with several countries in the crosshairs of US President Donald Trump's tariff threats suffering drops, the IEA said Friday. Annual growth in oil demand fell from 1.1 million barrels per day (mbd) in the first quarter of the year to just 0.5 mbd in the second, the International Energy Agency said in ...

Touch Surpasses 2.6 Million Subscribers

This is Beirut 11/07 15:45 - Reading : less than a minute

lebanon Touch mobile telecommunication

Mobile operator Touch has announced a major milestone, reaching 2.6 million active subscribers, a record figure for Lebanon’s telecommunications industry. In a statement released Friday, the company said the unprecedented subscriber count marks the highest ever recorded by a mobile service provider in Lebanon. The achievement cements Touch’s ...