This Is Beirut 2024-04-25 17:36 - Reading : 2 minute(s)
Caretaker Prime Minister Najib Mikati emphasized that one of his government’s key objectives is “striving to address the current economic and financial crisis by primarily approving the capital control law.” During his speech at the Union of Arab Banks (UAB) conference on Thursday, themed “Arab Economic Security in Light of Geopolitical ...
This Is Beirut 2024-04-25 13:17 - Reading : less than a minute
Caretaker Agriculture Minister, Abbas Al Hajj Hassan, and representative of the World Food Program (WFP), Abdallah Wardat, signed on Wednesday a cooperation agreement on a project to combat food and nutritional insecurity. In a statement, the Agriculture Ministry declared that the WFP proposes to provide a package of technical assistance aimed at ...
This Is Beirut 2024-04-25 12:17 - Reading : less than a minute
The Ministry of Finance's press office announced on Wednesday that “a breakdown had occurred in the Ministry’s electronic systems, bringing all its IT services to a halt.” “Technical staff were mobilized to resolve the problem,” the statement added.
Nicolas Sbeih 2024-04-24 20:46 - Reading : 4 minute(s)
It's the deal of the moment: acquiring an apartment in Lebanon. An idea that seems bizarre given the advice raining down on you from all sides, without solicitation, urging you "not to invest a penny in this Lebanon that is drifting away." The justification for our counter-advice is that current prices on the market are historically at ...
This Is Beirut 2024-04-24 18:22 - Reading : 1 minute(s)
The caretaker Minister of Economy and Trade, Amin Salam, and Unicef's representative in Lebanon, Édouard Beigbeder, signed a joint action plan for the year 2024, comprising two components. The first is to activate the implementation of the salt iodization law by establishing mechanisms to strengthen the capacity of producers to adhere to the law, ...
This Is Beirut 2024-04-24 17:37 - Reading : less than a minute
Électricité du Liban (EDL) reiterated on Wednesday that customers can pay their bills in either dollars or Lebanese pounds. The public electricity supplier reaffirmed the right of citizens to choose the method of payment that suits them, in US dollars or Lebanese pounds, according to the exchange rate currently set by the Banque du Liban (BDL), ...
This Is Beirut 2024-04-24 17:26 - Reading : less than a minute
After announcing the cancellation of its flights ME211/212 to and from Paris for tomorrow, Thursday, April 25, 2024, due to the strike planned by air traffic controllers at Charles de Gaulle (CDG) airport in Paris, the national aviation company, Middle East Airlines (MEA), announced on Wednesday in a new press release that flights will be operated ...
This Is Beirut 2024-04-24 13:37 - Reading : less than a minute
The National Social Security Fund (NSSF) announced Wednesday that contributions would be calculated on the basis of a minimum salary of LBP 18 million. NSSF Director General Mohammad Karaki declared, in a statement, that as of April 1, 2024, contributions for institutions and private groups are to be calculated on the basis of the official ...
This Is Beirut 2024-04-24 12:40 - Reading : 1 minute(s)
The Central Administration of Statistics (CAS) has published the consumer price index for March (+1.72%) which shows that prices have continued to rise, bringing cumulative inflation from the end of 2018 to the end of March 2024 to 5,751%. Of note, this index rose by 70.36% year-on-year, the CAS said. The restaurant and hotel sectors continue ...
This Is Beirut 2024-04-23 17:59 - Reading : 2 minute(s)
According to the financial statement from the Lebanese Central Bank (BDL), the total assets of BDL decreased by 8.27% over the course of a year, reaching $93.48 billion by mid-April 2024, following the adoption of the official exchange rate of 89,500 Lebanese pounds per dollar since early February 2024. The decrease is mainly due to a 98.9% ...
This Is Beirut 2024-04-23 17:19 - Reading : 2 minute(s)
It's a first in Lebanon. The Ministry of Economy and Trade has gone digital, becoming the first public administration to implement e-government. Eighteen of the Ministry's administrative procedures have now been digitized, and all formalities will go digital by 2024. This initiative, which the Ministry of Economy and Trade has worked on with the ...
This Is Beirut 2024-04-23 16:28 - Reading : less than a minute
Caretaker Minister of Finance Youssef Al-Khalil issued a decision on Tuesday in which he extended "exceptionally and for the last time" until August 15, 2024, the deadline for filing the declaration of income from foreign shares, debt securities, and various other foreign income from movable capital for the years 2022 and 2023.Owners of these ...