Christiane Tager 31/01 10:40 - Reading : 3 minute(s)
The relationship between the Lebanese Ministry of Energy and the French oil giant TotalEnergies seems to be on the brink of collapse. The issue lies in a report on the drilling of Block 9 that has not been submitted to the Lebanese authorities. In 2023, TotalEnergies announced the start of drilling in Block 9, off the Lebanese coast, as part of ...
This is Beirut 30/01 18:20 - Reading : less than a minute
The price of gold hit a new record Thursday, lifted by uncertainty over the economic policies of US President Donald Trump and the dollar's weakness following a disappointing US growth report. Around 15H25 GMT, gold was trading at $2,789.94 dollars an ounce, shortly after rising to just over $2,791 dollars, beating its previous record of ...
This is Beirut 30/01 15:45 - Reading : less than a minute
The European Central Bank on Thursday lowered interest rates by a further quarter percentage point as inflation eases and the eurozone economy falters. The decision marked the fourth meeting in a row that the ECB has reduced borrowing costs, and left the Frankfurt-based institution's key deposit rate at 2.75 percent. With AFP
This is Beirut 30/01 14:20 - Reading : 1 minute(s)
United Arab Emirates Europe Dubai's airport
A record 92.3 million passengers travelled through Dubai's international airport last year, its operator said on Thursday, underlining the Gulf city's economic boom. The figure broke the previous high of 89.1 million in 2018, Dubai Airports said, despite regional tensions caused by the Gaza war and last April's unprecedented floods which badly ...
Maurice Matta 30/01 09:15 - Reading : 4 minute(s)
In a surprising move just days before her retirement, Judge Helena Iskandar, Head of the Litigation Department at the Ministry of Justice, filed two motions before the State Council, requesting the Lebanese State’s intervention in the lawsuits aimed at annulling Circulars No.151 and No.165, submitted by lawyers. The conclusion was that the ...
This is Beirut 29/01 18:30 - Reading : less than a minute
Air France announced it will resume service to Beirut this Saturday, initially with five weekly flights. Transavia, the low-cost subsidiary of the Air France-KLM group, will resume its flights to the Lebanese capital on February 13, starting with three flights a week, it. Both airlines had ceased serving Beirut in September as tensions rose ...
This is Beirut 29/01 18:15 - Reading : 2 minute(s)
Gaza Hamas Donald Trump Jordan USA
The European Union on Wednesday promised 3 billion euros ($3.1 billion) of financing and investments for Jordan as part of a new "strategic" partnership with the key Middle East ally. "With the current geopolitical shifts and growing crises in the region, strengthening the EU-Jordan partnership is the right decision at the right time," European ...
This is Beirut 29/01 15:30 - Reading : 1 minute(s)
Lebanon World Bank Joseph Aoun
President Joseph Aoun reiterated on Wednesday Lebanon’s readiness to implement the necessary reforms, as outlined in his inaugural address. During a meeting with Ousmane Dione, the World Bank’s Vice President for the Middle East and North Africa, President Aoun emphasized that one of the primary objectives of the new government will be to ...
This is Beirut 29/01 15:10 - Reading : less than a minute
Ibhrahim Kanaan Lebanon Budget 2025
The President of the Parliamentary Finance and Budget Committee, Ibrahim Kanaan, called on Wednesday for the withdrawal of the 2025 budget proposal. The parliamentarian, who has been reiterating this demand since October 2024, said that the budget’s figures no longer reflected reality, deeming them “fictional.” Kanaan also emphasized that ...
This is Beirut 29/01 14:20 - Reading : less than a minute
The 2024 annual report from the National Social Security Fund (NSSF) Inspection and Internal Control Department highlights a significant rise in inspection missions, with 5,888 conducted in 2024 compared to 4,742 in 2023. A total of 25,240 employees were audited, and 185 lost undue health benefits and family allowances. This means approximately ...
This is Beirut 29/01 11:55 - Reading : 5 minute(s)
USA Donald Trump United States Washington
US export controls on high-tech chips may have inadvertently fuelled the success of start-up DeepSeek's AI chatbot, sparking fears in Washington there could be little it can do to stop China in the push for global dominance in AI. The firm, based in the eastern Chinese city of Hangzhou, has stunned investors and industry insiders with its R1 ...
Christiane Tager 29/01 10:00 - Reading : 3 minute(s)
Agriculture Economy Lebanon War
The Lebanese agricultural sector, already weakened by a complex economic situation, is now facing two major challenges. On one hand, an unusually mild winter threatens agricultural yields, and on the other, the repercussions of the war are affecting not only infrastructure but also production resources. The agricultural sector is navigating ...