Liliane Mokbel 17/05 14:00 - Reading : less than a minute
2% — that’s the average interest rate on deposits in Lebanese pounds, according to the latest figures released by the Banque du Liban for March 2025. This represents a clear decline from 2.86% in February, although it remains higher than the rate recorded a year earlier in March 2024, when it stood at just 1%. In contrast, interest rates on ...
This is Beirut 16/05 18:50 - Reading : less than a minute
Lebanon Energy Water Infrastructure Loan World Bank
Lebanon is advancing efforts to tackle its energy and water crises by activating two major loans from the World Bank. Finance Minister Yassine Jaber announced that the Council of Ministers has approved Decree No. 217, tied to a $250 million loan to develop renewable energy and strengthen the national power grid. The project, prepared on an urgent ...
Christiane Tager 16/05 11:00 - Reading : 4 minute(s)
Airfare Ticket Travel Beirut Flight
Traveling to Lebanon is increasingly out of reach for many people. What was once a relatively accessible destination has turned into a high-end experience—something akin to boarding your flight straight from the Hermès boutique at the airport. This summer, airfare prices have reached near-absurd levels: a round-trip ticket from Paris to Beirut ...
This Is Beirut 15/05 18:00 - Reading : 2 minute(s)
Banque du Liban Gulf International Monetary Fund
The latest Retail Trade Index published by the Beirut Traders Association and Fransabank for the first quarter of 2025 is bluntly titled: “A cautiously optimistic start to the year… but commercial activity remains sluggish.” A headline that reflects a climate both promising and uncertain. The optimism stems largely from notable political ...
Liliane Mokbel 15/05 15:32 - Reading : 3 minute(s)
Damascus Donald Trump Gulf Syria Sanctions Reconstruction
From Riyadh on Tuesday, US President Donald Trump announced—at the request of the Saudi crown prince—the full lifting, not just suspension, of economic and diplomatic sanctions on Syria. It was a crucial distinction, noted by many observers attending the US-Saudi Investment Forum, where every word of the American president’s remarks was ...
This is Beirut 15/05 10:45 - Reading : less than a minute
Gold Lebanon Arab World World Gold Council Saudi Arabia
In the ranking of Arab countries with the largest gold reserves, Lebanon ranks second, just behind Saudi Arabia. According to data from the World Gold Council (WGC), the Saudi kingdom holds 323.07 tonnes of the precious metal, while Lebanon possesses 286.83 tonnes, surpassing Algeria, which comes in third with 173.56 tonnes. This ranking may come ...
Christiane Tager 14/05 16:00 - Reading : 4 minute(s)
Rewind to July 2023: French logistics giant CMA CGM, through its subsidiary Merit-Colis Privé, was awarded the postal services tender launched by Lebanon’s Ministry of Telecommunications. It seemed like a turning point for the beleaguered sector: $12.8 million in promised investments, $6 million in guaranteed annual revenues for the state and a ...
This is Beirut 14/05 15:30 - Reading : 1 minute(s)
Banks Central Bank of Lebanon Lebanon Karim Souhaid Ibrahim Kanaan
Central Bank Governor Karim Souhaid took part in a session of the subcommittee of the parliamentary Finance and Budget Committee on Wednesday, where deliberations centered on the government’s proposed bank restructuring law. The meeting was held in the presence of Committee Chairman MP Ibrahim Kanaan, Minister of Finance Yassine Jaber and other ...
Liliane Mokbel 14/05 13:40 - Reading : 2 minute(s)
Lebanon Cyprus Economy Medical Healthcare
Hôtel-Dieu de France (HDF), Lebanon’s premier university hospital, is expanding to Limassol, Cyprus, with an ambitious project that will feature a state-of-the-art medical center and a faculty of medicine affiliated with Saint Joseph University (USJ). This strategic initiative is designed to meet the growing demand for specialized healthcare ...
This is Beirut 14/05 12:15 - Reading : 4 minute(s)
Donald Trump United States USA Washington
Inside one of South Korea's oldest semiconductor research institutes, the cleanrooms and workshops are calm and immaculate, but outside the Seoul National University campus, a chip storm is brewing. Last month, Washington announced a national security probe into imports of semiconductor technology, which could put the industry in the crosshairs ...
This is Beirut 14/05 09:40 - Reading : 3 minute(s)
Earnings data from French games giant Ubisoft is set to show on Wednesday that historic cash-cow series "Assassin's Creed" has saved it from a disastrous year with multiple setbacks. The full results for Ubisoft's 2024-25 financial year, set for release after the Paris stock market closes at 1530 GMT, will be closely watched following a near ...
This is Beirut 13/05 16:05 - Reading : 3 minute(s)
Aviation lebanon security airport
Minister of Public Works and Transport Fayez Rasamny announced the relaunch of the Civil Aviation Security Center (CASC), located at Beirut Rafic Hariri International Airport (BEY), during a press conference held on Tuesday at the airport. This move marks a renewed commitment by Lebanese authorities to reform and modernize the civil aviation ...