This is Beirut 2024-12-12 19:20 - Reading : less than a minute
Moneychangers in Lebanon dollars
In response to reports of fake $50 notes in circulation, the syndicate of moneychangers in Lebanon, headed by Majed Walid al-Masri, released a statement on Thursday. According to the text, the problem is “greatly exaggerated.” The syndicate said it came to this conclusion “after coordinating with the relevant security services, which ...
This is Beirut 2024-12-12 12:55 - Reading : less than a minute
The Director-General of the National Social Security Fund (CNSS), Mohammad Karaki, has instructed the relevant financial departments to transfer 30 billion Lebanese pounds to hospitals. This brings the total disbursed amount to hospitals since the beginning of November to 181 billion pounds. These transfers reflect the CNSS management's ...
Maurice Matta 2024-12-12 10:30 - Reading : 4 minute(s)
Banks Beirut Port Damascus Hezbollah Middle East
Syrian presence in Lebanon dates back to 1976, a year after the outbreak of the Lebanese civil war. Syrian forces entered Lebanon as part of the Arab Deterrent Forces, and the Syrian government successfully cemented its presence. This was later consolidated by the Arab League mandate under the Taif Agreement, signed on October 22, 1989, which ...
This is Beirut 2024-12-11 19:45 - Reading : less than a minute
Thousands of dunams were burned, livestock were lost and farmlands were destroyed. The war dealt a severe blow to Lebanon’s agricultural sector, further crippling an already fragile economy.
This is Beirut 2024-12-11 18:10 - Reading : 1 minute(s)
The armed conflict between Israel and Hezbollah has severely impacted Lebanon's commercial sector, which continues to face significant challenges while preparing for the future. Despite the ongoing recovery process, the sector remains resilient. In this context, Nicolas Shammas, President of the Beirut Traders Association (BTA), organized a major ...
This is Beirut 2024-12-11 17:45 - Reading : less than a minute
The Association of Lebanese Industrialists (ALI), led by Salim al-Zeeni, has launched a new initiative in collaboration with the International Labour Organization (ILO) to connect the capabilities of Lebanese industrialists with the needs of non-governmental organizations (NGOs) working to assist displaced populations. The initiative aims to ...
This is Beirut 2024-12-11 13:24 - Reading : 1 minute(s)
Zara owner Inditex posted another record quarterly profit on Wednesday as strong online and in-store sales gave the world's biggest fashion retailer a boost. The Spanish group, whose other brands include Massimo Dutti, Pull & Bear and Bershka, reported a profit after tax of 1.68 billion euros ($1.77 billion) for the third quarter, up six percent ...
Christiane Tager 2024-12-11 10:49 - Reading : 3 minute(s)
The license granted by the ministry allows TGS to conduct a comprehensive 3D seismic study spanning 1,300 square kilometers, making Block No. 8 the only block among Lebanon's ten offshore blocks to undergo such a survey for the first time. In his address, caretaker Minister of Energy Walid Fayad described this development as a pivotal milestone ...
This is Beirut 2024-12-10 22:40 - Reading : 3 minute(s)
According to the latest World Bank (WB) report on Lebanon’s economy (LEM), published on Tuesday, Lebanon’s real GDP growth was reduced by approximately 6.6% in 2024 due to the conflict between Hezbollah and Israel, bringing the cumulative decline in real GDP since 2019 to over 38%. This growing contraction reflects the devastating impact of ...
Liliane Mokbel 2024-12-10 16:30 - Reading : 2 minute(s)
Syria Reconstruction Caesar Act
According to estimates from various UN and international sources, Syria's reconstruction could yield benefits for all. However, these prospects remain uncertain and far from guaranteed. With the country still reeling from the war that followed the 2011 uprising, Syria's reconstruction is shaping up to be a lengthy and costly process, but it ...
Liliane Mokbel 2024-12-08 13:10 - Reading : 2 minute(s)
Following the collapse of Bashar al-Assad's regime, Syria is left with a crumbling economy, shaped by decades of state control and average wages barely surpassing $40 per month. The country’s economic prospects now depend largely on the removal of American and Western sanctions, as well as financial assistance from the international community. ...
This is Beirut 2024-12-07 14:05 - Reading : 1 minute(s)
The Nasdaq and the S&P hit fresh records on Friday after the November US jobs report came in better than expected, with the Dow edging down. The world's biggest economy gained 227,000 jobs in November, up from a revised 36,000 in October, according to the Department of Labor. "It's kind of being viewed as a Goldilocks jobs print," Tom Cahill ...