Christiane Tager 14/11 22:43 - Reading : 2 minute(s)
Hezbollah Israel Middle East tourism
As the year-end holidays approach, Lebanese expatriates who usually rush home to celebrate Christmas and New Year's with their families are now facing a grim reality. The ongoing conflict between Hezbollah and Israel is profoundly affecting Lebanon, turning it from a place of festivities and celebrations into a war zone. This year, behind the ...
This Is Beirut 14/11 17:15 - Reading : 2 minute(s)
World Bank Lebanon Economy conflict losses
The World Bank has published on Thursday an initial assessment report of the impact of conflict on Lebanon’s Economy and Key Sectors. According to a new World Bank report, the cost of physical damages and economic losses due to the conflict in Lebanon is estimated at USD 8.5 billion. The Lebanon Interim Damage and Loss Assessment (DaLA) finds ...
Liliane Mokbel 14/11 11:25 - Reading : 5 minute(s)
Banks Central Bank of Lebanon Donald Trump International Monetary Fund USA
While the dollar’s value is primarily shaped by US domestic factors, its fluctuations continue to ripple through the global economy. A 2023 International Monetary Fund (IMF) study found that the negative impact of a strong dollar tends to last around two and a half years in emerging markets, compared to just one year in developed economies. The ...
Christiane Tager 14/11 09:30 - Reading : 3 minute(s)
The import of essential goods during wartime presents a major logistical and economic challenge for Lebanon. Importing companies, already weakened by multiple successive crises, are now facing exorbitant costs and increased risks in transport. It's been around two months since the conflict between Israel and Hezbollah intensified, bringing a ...
This is Beirut 13/11 17:40 - Reading : 1 minute(s)
Cryptocurrency Bitcoin Donald Trump United States
Bitcoin reached a record high above $90,000 Wednesday as the world's biggest cryptocurrency benefits from president-elect Donald Trump's pledge to ease regulation around digital tokens. Bitcoin rallied to an all-time peak above $91,000 before easing to $90,670. The volatile asset has rocketed since Trump won last week's US presidential election, ...
Christiane Tager 13/11 17:20 - Reading : 3 minute(s)
Donald Trump European Union Gulf Middle East Trade
Donald Trump’s return to the White House would likely reinforce a protectionist and economically isolationist approach under the "America First" slogan, heightening challenges across international trade relations and geopolitical balances. If Trump pursues a protectionist economic policy (America First) and adopts a more radical vision of ...
This is Beirut 12/11 15:35 - Reading : less than a minute
Due to the ongoing war in Lebanon, the “white economy” is struggling, while the “black economy” is growing. Here's a look at the difference between the two and the measures needed to protect Lebanon's #economy.
Maurice Matta 12/11 14:50 - Reading : 4 minute(s)
Banks Donald Trump Republicans United States Bitcoin Cryptocurrency
Cryptocurrency investors are buoyed by Donald Trump’s re-election and Republican control of the US Senate, given his support for digital assets. Many expect that the sector would benefit from a more favorable regulatory environment under a second Trump term. During the Bitcoin 202 conference, Trump pledged that, if he were to return to the White ...
This is Beirut 12/11 13:20 - Reading : 2 minute(s)
Iranian bank cards can now be used in Russia, state television reported, as the two countries linked their banking systems in the latest bid to counteract sanctions. Iranian banks have been excluded since 2018 from the SWIFT international financial messaging service, which governs the vast majority of transactions worldwide. The move is part of ...
Christiane Tager 12/11 09:30 - Reading : 3 minute(s)
Lebanon Internet Alfa Touch Starlink
As connectivity becomes a lifeline for everyone, Lebanon faces a serious threat to its internet network. Johnny Corm, the caretaker Minister of Telecommunications, has issued a stark warning, cautioning that the country's internet is at significant risk. Speaking to This is Beirut, he explained that “Lebanon’s airspace is open, allowing ...
This is Beirut 11/11 10:40 - Reading : 1 minute(s)
League of Civil Servants Strike
The League of Civil Servants announced on Monday its intention to initiate a warning strike in public administrations, with the exception of urgent cases, from Wednesday, November 13 to Friday, November 15. This decision follows the government's dismissal of civil servants' plea to eliminate the requirement for in-person work. In a press release ...
This is Beirut 11/11 10:40 - Reading : 3 minute(s)
China Donald Trump Asian markets
Most Asian markets fell Monday after China's keenly awaited plans to support the world's number two economy fell short of expectations, while traders were also keeping tabs on Washington as Donald Trump puts his cabinet together after last week's election win. Stocks rallied last week on hopes that a second Trump administration - supported by a ...