This Is Beirut 2024-04-23 14:34 - Reading : 2 minute(s)
The World Bank published a report on Tuesday on the economic outlook for the Middle East and North Africa (MENA) region for April 2024, in which it forecasts economic growth of 0.5% for Lebanon in 2024, compared with an economic contraction of 0.2% in 2023 and 0.6% in 2022. Average real GDP per capita growth is also expected to improve from 1.2% ...
2024-04-22 21:30 - Reading : less than a minute
The Central Administration of Statistics reported on Monday that the consumer price index in Lebanon for March 2024 recorded an increase of 1.72% compared with February 2024. This increase remains moderate compared with the rebounds recorded during the months of 2023 (33.27% in March and 5.35% in May). In addition, the index rose by 70.36% ...
2024-04-22 21:17 - Reading : 1 minute(s)
Caretaker Minister of Agriculture Abbas Al Hajj Hassan and the President of the Union of Lebanese Chambers of Commerce, former minister Mohammad Choucair, signed a memorandum of understanding on Monday, to activate the partnership and cooperation between the Ministry and the Chambers of Commerce. The memorandum aims to strengthen the role of the ...
2024-04-22 20:55 - Reading : less than a minute
Gold fell by more than 2% on Monday, recording its lowest level in a week. An ounce of gold fell by 2.3% to $2,336.29, marking the biggest drop in over a year. This comes at a time when concerns about the Middle East are waning, prompting investors to cut back on safe-haven purchases. In this context, it is worth recalling that geopolitical ...
2024-04-22 17:52 - Reading : less than a minute
The Traffic and Vehicle Management Authority (Mécanique) announced on Monday that the Jounieh vehicle registration center will resume its services starting Tuesday, April 23, a year and a half after suspending its services. Offices will only be open on Tuesdays, Wednesdays and Thursdays, with few services provided, notably: transferring vehicle ...
Nicolas Sbeih 2024-04-20 16:00 - Reading : 4 minute(s)
"We're a bit fed up, you know, my dear, with all this bad news every day; we can't wait to get back to our lives; in fact, I need to do some shopping, it'll cheer me up." And so, the "completely outdated" items are renewed, a few pieces to ornament the new Art Deco secretary, the coveted shawls, the sparkling jewelry sets, dinner at the latest ...
Maurice Matta 2024-04-20 11:00 - Reading : 3 minute(s)
In a noteworthy development, employees of the Compensation Fund for Educational Staff in private schools apologized for suspending all reviews for two days. This action underscores the financial difficulties that the fund has been encountering since 2019, with its monetary revenues declining and depreciating in the Lebanese currency, compounded by ...
Liliane Mokbel 2024-04-19 20:10 - Reading : 2 minute(s)
The finance world holds its breath, awaiting the unfolding of the simmering yet sustained tensions in the Middle East region. On Friday morning, having woken up on the wrong side of bed to the news of Israeli strikes against Iran's center, investors did not immediately realize that the conflict between the two parties, for the moment, resembles a ...
This Is Beirut 2024-04-19 14:54 - Reading : less than a minute
The Director General of Civil Aviation, Engineer Fadi Al-Hassan, assured that Beirut International Airport (BIA) is in no danger of closing due to employee protests. In an interview with the television channel MTV, he said, "meetings are ongoing to increase the remuneration of night work hours for technical employees of the airport's general ...
This Is Beirut 2024-04-18 21:43 - Reading : less than a minute
From Friday, April 19 to Thursday, April 25, the Ogero Employees’ Union will observe a new strike in support of the demands of the Federation of Independent Services and Public Establishments Unions. All centers and offices will be closed, and maintenance and repair work suspended. It should be noted in this context that the Ogero strike, in ...
This Is Beirut 2024-04-18 20:18 - Reading : 2 minute(s)
The Central Bank of Lebanon (BDL) is seeking to encourage financial inclusion once again in order to reduce the cash economy in the Lebanese market, which is contrary to international anti-money laundering standards. In a statement issued on Thursday, the Central Bank of Lebanon (BDL) said it had worked with international issuers and managers of ...
This Is Beirut 2024-04-18 16:22 - Reading : 1 minute(s)
Caretaker Minister of Economy, Amin Salam revealed that Lebanon’s economic losses due to the war in southern Lebanon have reached 10 billion dollars, including 2.5 to 3 billion dollars in losses in the agricultural sector. “The war currently taking place in Gaza and southern Lebanon is having a significant negative impact on the Lebanese ...