This is Beirut 03/10 13:45 - Reading : less than a minute
It’s official: Prada received EU approval on Tuesday to acquire Versace in a deal valued at €1.25 billion (around $1.38 billion). Regulators cleared the transaction, ruling that it will not harm competition given the relatively limited global market share of both brands. The acquisition marks a pivotal step for the Italian giant. Beyond mere ...
This is Beirut 03/10 11:40 - Reading : 1 minute(s)
Internal Security Forces Lebanese Army United States Lebanon Hezbollah
Just hours before a government shutdown, the United States confirmed a new security aid package for Lebanon. The Lebanese Army and the Internal Security Forces (ISF) will receive $230 million in funding, a strong political signal of support for state institutions. According to Reuters, the US administration approved the funding on September 30, ...
Christiane Tager 03/10 10:30 - Reading : 2 minute(s)
New York economy art investment Lebanon
In an uncertain economic landscape, art is no longer just about decorating walls. For some, it represents a financial refuge where value can literally skyrocket in just a few years. A canvas like Pablo Picasso’s Les Femmes d’Alger (Version ‘O’) sold for more than $179 million, while Jean-Michel Basquiat’s Untitled (1982) fetched $110 ...
This is Beirut 02/10 17:05 - Reading : 1 minute(s)
Tripoli port Lebanon container economy Ministry of Finance
The Ministry of Finance has denied, in a statement issued by its press office, rumors circulating on social media claiming that Minister Yassine Jaber blocked the entry of containers at Tripoli Port. These accusations, the statement says, have been presented through a sectarian lens and are “misleading.” The statement clarifies that no ...
This is Beirut 02/10 16:00 - Reading : 2 minute(s)
Banque du Liban Lebanon budget dollar
The Secretary General of the Association of Banks in Lebanon (ABL), Fadi Khalaf, believes that 2026 could mark the beginning of implementing definitive solutions and relaunching the banking sector on a stronger footing. This milestone, he argues, would also allow depositors to recover their rights and help restore confidence in financial ...
This is Beirut 02/10 15:37 - Reading : 1 minute(s)
Elon Musk billion Forbes fortune
Elon Musk has set yet another record: he is now the first individual in history to amass a personal fortune of $500 billion, according to Forbes. The milestone highlights the extraordinary ascent of the world’s most talked-about entrepreneur. The pace of Musk’s wealth accumulation has been nothing short of astonishing. Back in 2020, his net ...
This is Beirut 02/10 15:35 - Reading : less than a minute
Beirut Port Lebanon container traffic
Omar Itani, the Chairman of the Board of Beirut Port, announced a significant rise in container traffic in September 2025, with a 35% increase compared to the same period last year. According to published figures, 80,676 standard containers were handled last month, up from 59,724 in September 2024. Meanwhile, the container terminal operated by ...
Liliane Mokbel 02/10 13:35 - Reading : 2 minute(s)
The country’s gold market has entered a phase of sharp volatility. Against the backdrop of a prolonged crisis, transactions are picking up in both directions: some are selling jewelry and bullion to lock in immediate gains, while others are rushing to buy the yellow metal, long regarded as the ultimate safe haven. This contradictory dynamic ...
This is Beirut 02/10 11:50 - Reading : 9 minute(s)
Lebanon IMF Central Bank Banks Depositors
As Lebanon faces multiple challenges with economic and financial recovery from the country’s 2019 economic collapse, two interconnected issues remain particularly controversial: recovering the money of Lebanese who lost access to their bank deposits and holding those responsible for squandering their money ...
This is Beirut 01/10 12:10 - Reading : less than a minute
Gold prices hit a new all-time high on Wednesday, driven by a surge of investors seeking safe-haven assets following the official start of the U.S. government shutdown and disappointing employment data, which have strengthened expectations of an interest rate cut by the Federal Reserve. Spot gold rose 0.1% to $3,861.99 per ounce, after reaching a ...
This is Beirut 30/09 18:15 - Reading : 1 minute(s)
Lebanon Syndicate of Poultry Producers Tariffs
The Syndicate of Poultry Producers, led by William Boutros, issued a warning on Tuesday, urging authorities to act swiftly to save local businesses now facing extinction. The reason is that Lebanese poultry products are banned from Arab markets, while similar goods imported from neighboring countries freely enter Lebanon duty-free. “Most Arab ...
Christiane Tager 30/09 17:50 - Reading : 3 minute(s)
Lebanon Collectible cars Fédération Internationale des Véhicules Anciens
In a world where traditional investments fluctuate with economic and geopolitical crises, collectible cars seem to hold steady. They do more than captivate enthusiasts; they also attract investors. In the United States and Europe, auction prices are soaring, and museums compete for rare models. What about Lebanon? Between roaring American muscle ...