This is Beirut 2024-10-22 17:46 - Reading : less than a minute
The gold market reached another milestone on Tuesday morning, trading at $2,729 per ounce, while US gold futures soared to $2,741. This unprecedented boom led to new record prices for the yellow metal, with analysts predicting that gold will continue to hit historically high levels. According to CNBC, “Gold has entered a new bull run, driven ...
This is Beirut 2024-10-22 17:46 - Reading : 2 minute(s)
Middle East Tehran United Nations Oil
Oil prices have surged amid renewed concerns over a potential Israeli retaliation against Iran following Tehran’s missile attack on Israel on October 1. Brent North Sea crude for December delivery rose by 1.68%, reaching $74.29 a barrel, while US West Texas Intermediate (WTI) for November delivery increased by 1.94%, settling at $70.56 a ...
This is Beirut 2024-10-22 17:46 - Reading : 1 minute(s)
The poultry sector in Lebanon has suffered severe losses, primarily due to falling chicken prices, which have dropped below the cost of production. Compounding the issue, Israeli airstrikes in southern Lebanon and the Bekaa Valley have forced a halt to farm operations and production units, according to William Boutros, president of the Poultry ...
This is Beirut 2024-10-22 16:08 - Reading : less than a minute
South Lebanon Lebanon CPI Beirut
The Central Administration of Statistics (CAS) reported on Monday that Lebanon’s Consumer Price Index (CPI) fell by 0.18% in September 2024 compared to August 2024, marking the first decrease in over a year. In contrast, record inflation was observed in 2023, with the CPI surging 33.27% in March and 5.35% in May. Despite the slight monthly ...
This is Beirut 2024-10-21 21:40 - Reading : 3 minute(s)
ABL Banks Central Bank of Lebanon
The Secretary-General of the Association of Banks in Lebanon, Fadi Khalaf, stated that “the new policies adopted by Lebanon’s Central Bank (BDL) indicate a clear change in its approach to managing the financial crisis.” He welcomed “these measures, which reflect the Central Bank’s commitment to achieving as much monetary and financial ...
2024-10-21 13:35 - Reading : 4 minute(s)
Bahrain Banks Central Bank of Lebanon Kuwait
In an interview with This is Beirut, Antoine Habib, Chairman and General Manager of Banque de l'Habitat (BDH), shared that despite Lebanon's challenging situation, the bank has resumed issuing loans, with many already disbursed. These loans, aimed at low- and middle-income individuals, cover the purchase of apartments, home renovations, land ...
Liliane Mokbel 2024-10-20 16:52 - Reading : 3 minute(s)
According to several reliable sources, Lebanon could soon be added to the Financial Action Task Force (FATF) grey list. A decision is expected in five days. If confirmed, this would hardly come as a surprise. However, rumors have circulated over the past 24 hours about a possible postponement of the decision to November rather than October, ...
This is Beirut 2024-10-20 14:10 - Reading : less than a minute
The 60th edition of SIAL (International Food Exhibition) opened in Paris on Saturday and will run until October 23. Despite Lebanon's challenging circumstances, 32 Lebanese agro-industrial institutions are participating, with 18 represented at the Lebanese pavilion. The caretaker Minister of Industry, Georges Bouchikian, inaugurated the pavilion ...
This is Beirut 2024-10-19 13:10 - Reading : less than a minute
Caretaker Energy Minister Walid Fayad stated on Saturday that the damage caused by Israeli airstrikes on Lebanon is estimated at nearly $440 million in the water and energy sectors, while the losses in the services, education, and health sectors amount to billions of dollars. He specified that the damage to electricity and water networks alone ...
Liliane Mokbel 2024-10-18 12:50 - Reading : 3 minute(s)
insurance war risk gaza health
Lebanon is under fire, and insurance premiums against war risks are reaching historic peaks. Reinsurers adjust the prices of premiums in real-time, responding instantly to changes in the intensity of the fighting on the ground. What is valid at one moment may no longer be so a few hours later. It’s chaos. Renewing war risk insurance policies in ...
2024-10-17 21:35 - Reading : 3 minute(s)
War, with its devastating consequences, not only claims human lives, but also leads to the destruction of essential resources for the population’s survival. In southern Lebanon, the conflict between Israel and Hezbollah has ravaged agricultural lands, threatening the production of citrus, fruits, vegetables and olives – crops that are crucial ...
This is Beirut 2024-10-17 14:40 - Reading : 1 minute(s)
Due to the ongoing war, the Finance Ministry announced on Thursday a series of “exceptional measures to facilitate the completion of transactions for citizens under the supervision of the Regional Fiscal Authority in Nabatieh and Baalbek Al-Hermel governorates.” The ministry stated that residents of Nabatieh and Baalbek-Hermel can submit ...