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 ...
This is Beirut 28/01 20:50 - Reading : 2 minute(s)
The Ministry of Energy and Water clarified on Tuesday several points regarding the rehabilitation project of the Harrach-Jeita hydroelectric plant, which has been assigned to the Union of Suburban Municipalities. In its statement, the ministry recalled that last September, the Directorate General of Water and Electricity Resources launched a ...
This is Beirut 28/01 19:45 - Reading : 4 minute(s)
USA Donald Trump Banks New York
US stocks and shares in chip-making giant Nvidia on Tuesday clawed back some of their losses following a sell-off triggered by the sudden success of Chinese artificial intelligence firm DeepSeek. US tech shares tanked Monday, with Nvidia tumbling 17 percent, after China's DeepSeek unveiled its R1 chatbot, which can apparently match the capacity ...
This is Beirut 28/01 16:25 - Reading : less than a minute
The Lebanese Regie for Tobacco and Tombacs achieved a 7% rise in sales and a 14% increase in revenues in 2024, despite Lebanon’s ongoing economic and political challenges, according to its chairman and director, Nassif Seklaoui. Speaking at a retirement event for employees, Seklaoui highlighted the organization’s resilience and ambitious ...
This is Beirut 28/01 15:30 - Reading : 1 minute(s)
Boeing reported a hefty fourth-quarter loss Tuesday following a bruising 2024 that included a lengthy labor strike, major safety issues on commercial planes and defense contract cost overruns. The US aviation giant reported a fourth-quarter loss of $3.9 billion, putting the full-year loss at $11.8 billion. Revenues in the fourth quarter were ...
This is Beirut 27/01 20:05 - Reading : 4 minute(s)
Donald Trump Europe United States AI Nvidia
US chip-maker Nvidia led a rout in tech stocks Monday after the emergence of a low-cost Chinese generative AI model that could threaten US dominance in the fast-growing industry. The chatbot developed by DeepSeek, a startup based in the eastern Chinese city of Hangzhou, has apparently shown the ability to match the capacity of US AI pace-setters ...
This is Beirut 27/01 13:40 - Reading : less than a minute
The President of the Republic, Joseph Aoun, emphasized that resolving the issue of deposits requires “coordinated efforts.” He made these comments during a discussion with a delegation from the Association of Banks in Lebanon (ABL), led by its president, Salim Sfeir. President Aoun stated that “resolving the banking crisis requires ...
This is Beirut 27/01 13:30 - Reading : less than a minute
Jean Gebran, the Director General of the Beirut and Mount Lebanon Water Authority, issued a dire warning about the water situation in Lebanon. He stressed that, without rain or snow, the country could face a major water crisis this summer. He stated, “Lebanon is experiencing its worst crisis due to the lack of rainfall and snow,” further ...