Economy

Al-Hajj Hassan Distributes Wheat Seeds
Al-Hajj Hassan Distributes Wheat Seeds

Caretaker Minister of Agriculture Abbas al-Hajj Hassan gave out wheat seeds to farmers in the Zahle and Beqaa areas on Thursday as part of the Ministry of Agriculture's yearly initiative to increase the area planted with soft and durum wheat in Lebanon. The International Center for Advanced Mediterranean Agronomic Studies (ICAMAS) in Bari and the ...

Shipping Delays: The Struggle of Online Shopping in Lebanon
Shipping Delays: The Struggle of Online Shopping in Lebanon

Online shipments to Lebanon have been facing significant delays, causing frustration for both sellers and shoppers. Now that a ceasefire is in place, will this issue be resolved?

Syndicate Reassures the Lebanese about Counterfeit $50 Bills
Syndicate Reassures the Lebanese about Counterfeit $50 Bills

In response to reports of fake $50 notes in circulation, the syndicate of moneychangers in Lebanon, headed by Majed Walid al-Masri, released a statement on Thursday. According to the text, the problem is “greatly exaggerated.” The syndicate said it came to this conclusion “after coordinating with the relevant security services, which ...

CNSS Releases an Advance of 30 Billion to Hospitals
CNSS Releases an Advance of 30 Billion to Hospitals

The Director-General of the National Social Security Fund (CNSS), Mohammad Karaki, has instructed the relevant financial departments to transfer 30 billion Lebanese pounds to hospitals. This brings the total disbursed amount to hospitals since the beginning of November to 181 billion pounds. These transfers reflect the CNSS management's ...

Abolish the Syrian-Lebanese Higher Council Immediately!
ExplainerAbolish the Syrian-Lebanese Higher Council Immediately!

Syrian presence in Lebanon dates back to 1976, a year after the outbreak of the Lebanese civil war. Syrian forces entered Lebanon as part of the Arab Deterrent Forces, and the Syrian government successfully cemented its presence. This was later consolidated by the Arab League mandate under the Taif Agreement, signed on October 22, 1989, which ...

Lebanon’s Commercial Sector: Adapting to Change and Looking Ahead
Lebanon’s Commercial Sector: Adapting to Change and Looking Ahead

The armed conflict between Israel and Hezbollah has severely impacted Lebanon's commercial sector, which continues to face significant challenges while preparing for the future. Despite the ongoing recovery process, the sector remains resilient. In this context, Nicolas Shammas, President of the Beirut Traders Association (BTA), organized a major ...

Cooperation Initiative Between the Association of Lebanese Industrialists (ALI) and NGOs
Cooperation Initiative Between the Association of Lebanese Industrialists (ALI) and NGOs

The Association of Lebanese Industrialists (ALI), led by Salim al-Zeeni, has launched a new initiative in collaboration with the International Labour Organization (ILO) to connect the capabilities of Lebanese industrialists with the needs of non-governmental organizations (NGOs) working to assist displaced populations. The initiative aims to ...

Zara owner Inditex posts new record profit
Zara owner Inditex posts new record profit

Zara owner Inditex posted another record quarterly profit on Wednesday as strong online and in-store sales gave the world's biggest fashion retailer a boost. The Spanish group, whose other brands include Massimo Dutti, Pull & Bear and Bershka, reported a profit after tax of 1.68 billion euros ($1.77 billion) for the third quarter, up six percent ...

TGS Secures 3D Seismic Survey License for Block No. 8
TGS Secures 3D Seismic Survey License for Block No. 8

The license granted by the ministry allows TGS to conduct a comprehensive 3D seismic study spanning 1,300 square kilometers, making Block No. 8 the only block among Lebanon's ten offshore blocks to undergo such a survey for the first time. In his address, caretaker Minister of Energy Walid Fayad described this development as a pivotal milestone ...

Cumulative Decline in Real GDP Since 2019 to Over 38% According to WB
Cumulative Decline in Real GDP Since 2019 to Over 38% According to WB

According to the latest World Bank (WB) report on Lebanon’s economy (LEM), published on Tuesday, Lebanon’s real GDP growth was reduced by approximately 6.6% in 2024 due to the conflict between Hezbollah and Israel, bringing the cumulative decline in real GDP since 2019 to over 38%. This growing contraction reflects the devastating impact of ...

Syria, Rebuilding the Future
Syria, Rebuilding the Future

According to estimates from various UN and international sources, Syria's reconstruction could yield benefits for all. However, these prospects remain uncertain and far from guaranteed. With the country still reeling from the war that followed the 2011 uprising, Syria's reconstruction is shaping up to be a lengthy and costly process, but it ...