Nicolas Sbeih 2024-04-24 20:46 - Reading : 4 minute(s)
It's the deal of the moment: acquiring an apartment in Lebanon. An idea that seems bizarre given the advice raining down on you from all sides, without solicitation, urging you "not to invest a penny in this Lebanon that is drifting away." The justification for our counter-advice is that current prices on the market are historically at ...
This Is Beirut 2024-04-24 18:22 - Reading : 1 minute(s)
The caretaker Minister of Economy and Trade, Amin Salam, and Unicef's representative in Lebanon, Édouard Beigbeder, signed a joint action plan for the year 2024, comprising two components. The first is to activate the implementation of the salt iodization law by establishing mechanisms to strengthen the capacity of producers to adhere to the law, ...
This Is Beirut 2024-04-24 17:37 - Reading : less than a minute
Électricité du Liban (EDL) reiterated on Wednesday that customers can pay their bills in either dollars or Lebanese pounds. The public electricity supplier reaffirmed the right of citizens to choose the method of payment that suits them, in US dollars or Lebanese pounds, according to the exchange rate currently set by the Banque du Liban (BDL), ...
This Is Beirut 2024-04-24 17:26 - Reading : less than a minute
After announcing the cancellation of its flights ME211/212 to and from Paris for tomorrow, Thursday, April 25, 2024, due to the strike planned by air traffic controllers at Charles de Gaulle (CDG) airport in Paris, the national aviation company, Middle East Airlines (MEA), announced on Wednesday in a new press release that flights will be operated ...
This Is Beirut 2024-04-24 13:37 - Reading : less than a minute
The National Social Security Fund (NSSF) announced Wednesday that contributions would be calculated on the basis of a minimum salary of LBP 18 million. NSSF Director General Mohammad Karaki declared, in a statement, that as of April 1, 2024, contributions for institutions and private groups are to be calculated on the basis of the official ...
This Is Beirut 2024-04-24 12:40 - Reading : 1 minute(s)
The Central Administration of Statistics (CAS) has published the consumer price index for March (+1.72%) which shows that prices have continued to rise, bringing cumulative inflation from the end of 2018 to the end of March 2024 to 5,751%. Of note, this index rose by 70.36% year-on-year, the CAS said. The restaurant and hotel sectors continue ...
This Is Beirut 2024-04-23 17:59 - Reading : 2 minute(s)
According to the financial statement from the Lebanese Central Bank (BDL), the total assets of BDL decreased by 8.27% over the course of a year, reaching $93.48 billion by mid-April 2024, following the adoption of the official exchange rate of 89,500 Lebanese pounds per dollar since early February 2024. The decrease is mainly due to a 98.9% ...
This Is Beirut 2024-04-23 17:19 - Reading : 2 minute(s)
It's a first in Lebanon. The Ministry of Economy and Trade has gone digital, becoming the first public administration to implement e-government. Eighteen of the Ministry's administrative procedures have now been digitized, and all formalities will go digital by 2024. This initiative, which the Ministry of Economy and Trade has worked on with the ...
This Is Beirut 2024-04-23 16:28 - Reading : less than a minute
Caretaker Minister of Finance Youssef Al-Khalil issued a decision on Tuesday in which he extended "exceptionally and for the last time" until August 15, 2024, the deadline for filing the declaration of income from foreign shares, debt securities, and various other foreign income from movable capital for the years 2022 and 2023.Owners of these ...
This Is Beirut 2024-04-23 14:34 - Reading : 2 minute(s)
The World Bank published a report on Tuesday on the economic outlook for the Middle East and North Africa (MENA) region for April 2024, in which it forecasts economic growth of 0.5% for Lebanon in 2024, compared with an economic contraction of 0.2% in 2023 and 0.6% in 2022. Average real GDP per capita growth is also expected to improve from 1.2% ...
2024-04-22 21:30 - Reading : less than a minute
The Central Administration of Statistics reported on Monday that the consumer price index in Lebanon for March 2024 recorded an increase of 1.72% compared with February 2024. This increase remains moderate compared with the rebounds recorded during the months of 2023 (33.27% in March and 5.35% in May). In addition, the index rose by 70.36% ...
2024-04-22 21:17 - Reading : 1 minute(s)
Caretaker Minister of Agriculture Abbas Al Hajj Hassan and the President of the Union of Lebanese Chambers of Commerce, former minister Mohammad Choucair, signed a memorandum of understanding on Monday, to activate the partnership and cooperation between the Ministry and the Chambers of Commerce. The memorandum aims to strengthen the role of the ...