Maurice Matta 2024-12-14 16:00 - Reading : 3 minute(s)
A few days after the fall of Bashar al-Assad’s regime, the Syrian pound made a dramatic recovery against the US dollar in local markets, trading between 13,000 and 15,000 pounds per dollar. This rebound followed months of sharp devaluation, with the exchange rate previously collapsing to nearly 60,000 pounds per dollar on the black ...
Liliane Mokbel 2024-12-14 12:00 - Reading : less than a minute
Hezbollah Israel damage reconstruction
The price of a meter of glass has surged to $80, up from $30 before the start of the conflict between Israel and Hezbollah. This price does not include the cost of labor for installation. Glaziers attribute the increase to a surge in demand, primarily driven by the reconstruction and repair of buildings and structures damaged by Israeli ...
Liliane Mokbel 2024-12-13 20:07 - Reading : 2 minute(s)
Lebanese farmers continue to endure substantial losses. Since the fall of Bashar al-Assad’s regime on December 8, the movement of refrigerated and covered trucks between Lebanon and the Arab hinterland has become increasingly irregular. All Lebanese exports and imports sent overland to and from the Arab world are reliant on transit through ...
This is Beirut 2024-12-13 19:20 - Reading : 1 minute(s)
Litani National Authority Ministry of Agriculture
A partnership agreement was signed on Friday between the Ministry of Agriculture, represented by caretaker Minister Abbas Al Hajj Hassan, and the Litani National Authority, represented by General Manager and Chairman of the Board of Directors Sami Alawieh. This partnership is part of the Ministry’s plan to expand and develop wheat ...
This is Beirut 2024-12-13 09:55 - Reading : 3 minute(s)
Asian markets fell Friday as China's latest vows to boost the beleaguered economy failed to stir much excitement, while traders looked ahead to a key Federal Reserve policy meeting next week. A tepid week was on course for a damp finish, with Wall Street offering a negative lead after fresh data pointing to a pick-up in inflation. Hong Kong and ...
This is Beirut 2024-12-12 20:35 - Reading : less than a minute
Caretaker Minister of Agriculture Abbas al-Hajj Hassan gave out wheat seeds to farmers in the Zahle and Beqaa areas on Thursday as part of the Ministry of Agriculture's yearly initiative to increase the area planted with soft and durum wheat in Lebanon. The International Center for Advanced Mediterranean Agronomic Studies (ICAMAS) in Bari and the ...
This is Beirut 2024-12-12 19:26 - Reading : less than a minute
Online shipments to Lebanon have been facing significant delays, causing frustration for both sellers and shoppers. Now that a ceasefire is in place, will this issue be resolved?
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 ...