Al-Hassan: Flights of Some Airlines Resume to Beirut

This is Beirut 2024-12-04 22:50 - Reading : less than a minute

Beirut International Airport USA

On Wednesday, Fadi al-Hassan, the director of Rafic Hariri International Airport (BIA) in Beirut, revealed that several airlines have started operating flights to the city again. He clarified in an interview with LBCI that it was challenging to quickly resume flights to Beirut because the majority of the airlines that had halted their service had ...

ExclusiveCost of Treating Pager Victims Exceeds $4 Million

Maurice Matta 2024-12-04 20:30 - Reading : 4 minute(s)

Israel Hezbollah Lebanon Waar

Since the first day of its implementation at dawn on Wednesday, November 27, the ceasefire agreement between Israel and Hezbollah has faced widespread violations, putting the agreement to a real test regarding its ability to hold. Lebanon is currently in the phase of tallying losses and assessing damages and costs, and if we look at the figures ...

Lebanese Exports: Top Products and Destinations

Christiane Tager 2024-12-04 17:10 - Reading : 2 minute(s)

Europe Gulf Exports

Lebanese exports remain a vital pillar of the national economy despite significant challenges. Renowned for its agricultural produce, jewelry and wines, Lebanon continues to maintain a foothold in international markets. Key trading partners include nations in the Middle East, Europe and Africa. However, economic instability and logistical hurdles ...

Hamieh: Normalization of Flights at Beirut International Airport by Mid-December

This is Beirut 2024-12-04 13:25 - Reading : 1 minute(s)

Baalbeck Beirut International Airport Ali Hamieh

Caretaker Minister of Public Works and Transport Ali Hamieh said on Wednesday that all airlines have submitted requests to resume flights to and from Beirut Rafic Hariri International Airport. He made this statement after meeting with Caretaker Prime Minister Najib Mikati, emphasizing that his ministry began issuing flight permits on November ...

Bouchikian: The Industrial Sector Is the Least Affected by Israeli Bombardment

This is Beirut 2024-12-04 12:45 - Reading : 1 minute(s)

Caretaker Minister of Industry George Bouchikian stated on Wednesday that fully assessing the damage caused by Israeli bombardment remains impossible, as around 40 localities are still under the control of the Israeli Army. However, he assured that despite the scale of destruction, the industrial sector was “the least affected, with most ...

Corm Announces Plan to Restart Damaged Phone Centrals

This is Beirut 2024-12-03 16:05 - Reading : 1 minute(s)

South Lebanon Ogero Internet Touch Alpha

Caretaker Telecommunications Minister Johnny Corm inspected on Tuesday the damage caused to Ogero central in al-Mreijeh, in Beirut's southern suburb, and announced that an action plan would soon be drawn up to restore all the telephone centrals damaged by the Israeli raids in Beirut, southern Lebanon and the Beqaa region. At the end of the tour, ...

ExplainerRevaluation of Inventories and Fixed Assets: A Strategic Advantage for Businesses

Liliane Mokbel 2024-12-02 19:30 - Reading : 3 minute(s)

Economy Industry Commerce Parliament Lebanon

Industrial and commercial business owners are celebrating a major victory. Last Thursday, Parliament passed in a plenary session the bill amending Article 45 of Decree-Law No. 144 of June 12, 1959 (the Income Tax Law). This amendment grants "exceptional authorization" to income taxpayers, allowing them to revalue their inventories and real estate ...

Lebanon's Central Bank Walking a Tightrope

Liliane Mokbel 2024-11-30 15:05 - Reading : 3 minute(s)

Banque du Liban Circulars

Lebanon’s Central Bank (BDL) is easing the pressure to appease the foreign exchange market, amid a “neither war nor peace” climate that only heightens its volatility. The decision by the BDL’s Central Council, dated November 26, 2024, reflects clear intent to implement a “flexible monetary policy” even though this approach might ...

Numbers & FiguresThis Week’s Figure: Zero Used Car Sales Since End of September

Liliane Mokbel 2024-11-30 12:00 - Reading : less than a minute

Hezbollah Israel

According to Elie Kazzi, the President of the Syndicate of Used Car Importers, losses due to damage to imported vehicles during the war between Israel and Hezbollah are estimated at around $60 million. The sector remains particularly vulnerable, as many Lebanese are reluctant to buy used cars during periods of instability, especially since they ...

Black Friday or the Day of Great Deals!

Christiane Tager 2024-11-30 09:30 - Reading : 2 minute(s)

United States

Black Friday, held annually the day after Thanksgiving—an American holiday celebrated on the fourth Thursday of November—marks the start of the Christmas shopping season. This event is characterized by significant discounts offered by both physical stores and online retailers. In Lebanon, some businesses began their promotions last Friday and ...

ExplainerExit from Gray List: Banks' Compliance and Government Action

Maurice Matta 2024-11-30 09:00 - Reading : 5 minute(s)

Lebanon Banks Economy

On October 25, Lebanon was officially placed on the gray list of the Financial Action Task Force (FATF), subjecting the country to enhanced monitoring. The FATF report highlighted ongoing vulnerabilities in Lebanon’s efforts to strengthen measures against money laundering and terrorism financing. A key point in the report was FATF’s ...

Japanese Yen Rises Ahead of Potential Interest Rate Cut

This is Beirut 2024-11-29 13:15 - Reading : 3 minute(s)

Banks Donald Trump Europe USA Japan

The yen rallied Friday after forecast-busting inflation data out of Tokyo boosted talk of another Japanese interest rate cut next month, while equity markets were mixed as traders weigh the economic outlook during a second Trump administration. With Wall Street closed for the Thanksgiving break, there were few catalysts to drive business heading ...