This is Beirut 28/07 08:55 - Reading : 4 minute(s)
European Union USA Trade Tariffs
The United States and the European Union clinched a trade agreement on Sunday that will see EU exports taxed at 15 percent, in a bid to resolve a transatlantic tariff stand-off that threatened to explode into a full-blown trade war. US President Donald Trump emerged from a high-stakes meeting with European Commission President Ursula von der ...
Liliane Mokbel 26/07 15:00 - Reading : 1 minute(s)
What began as an environmental emergency is now fueling a national energy crisis. The severe drop in water levels at Lake Qaraoun is crippling Lebanon’s hydroelectric output and threatening power security across the country. In June 2025, hydroelectric production decreased by 76 percent compared to the same month in the previous year. Only 12 ...
Liliane Mokbel 25/07 21:30 - Reading : 4 minute(s)
When it comes to road safety, Lebanon has reached a breaking point that elicits both outrage and sympathy. Ageing used cars that seem to defy the laws of mechanics, roads that resemble off-road rally tracks, haphazard or missing signage, and legislation that still feels like it’s in test mode. Despite this chaos, many Lebanese continue to hope ...
This is Beirut 25/07 18:00 - Reading : 2 minute(s)
Beirut International Airport Gulf Kuwait Turkey lebanon United Arab Emirates
Lebanon's travel industry is experiencing a cautious recovery this summer, with Beirut International Airport (BIA) showing signs of revived activity since early July, according to Jean Abboud, president of the Lebanese Travel Agencies Association. Speaking on Friday, Abboud noted a noticeable uptick in both flight numbers and passenger traffic. ...
Christiane Tager 25/07 14:00 - Reading : 3 minute(s)
The idea is bold: stimulate the economy by banking on pilgrimages. That is the goal of Caminos Lebanon, a sustainable religious tourism initiative backed by the Association for Pilgrimages in Lebanon (APL) and led by expert Nour Farra Haddad. The ambition is to turn Lebanon into a key destination for faith-based travel. But this goes far beyond ...
This is Beirut 25/07 13:15 - Reading : 3 minute(s)
Russia Sanctions EU Crypto Stablecoin
Russia could be turning to a new cryptocurrency called A7A5 to allow money to flow in and out of the country and avoid Western sanctions, experts have told AFP. Multiple rounds of international sanctions have been imposed on Moscow since its February 2022 invasion of Ukraine seeking to ramp up economic pressure to halt the war. But the launch of ...
Christiane Tager 25/07 11:00 - Reading : 2 minute(s)
Lebanon is in rental saturation mode. Bad luck for latecomers: this summer, finding a rental car in Lebanon is nothing short of a miracle. With the rush of returning expats, agencies are fully booked and every set of keys is already in someone’s hand. Between traffic jams, soaring prices and empty apps, Lebanon is on the move. There are about ...
Liliane Mokbel 24/07 14:45 - Reading : 2 minute(s)
Lebanon Government Residential rents
The Constitutional Council largely upheld the new law on old commercial leases, passed in April 2024, dismissing a legal challenge brought by thirteen members of parliament. Yet, it struck down one key provision: paragraph (d) of Article 10 was ruled unconstitutional for violating the constitutional principles of equality and fairness. The legal ...
This is Beirut 24/07 12:30 - Reading : 1 minute(s)
European Union Tariffs United States
EU states on Thursday approved a 93-billion-euro ($109-billion) package of counter-tariffs on US goods that would kick in from August 7 if talks with the United States fail, European diplomats said. US President Donald Trump blind sided the European Union this month when he threatened a 30-percent levy on EU goods unless the two sides reach a ...
This is Beirut 24/07 10:25 - Reading : 4 minute(s)
Donald Trump United States Tariffs Trade
Japan and the Philippines bring to five the number of countries that have concluded trade deals with the United States ahead of an August 1 deadline set by President Donald Trump to avoid punitive tariff rates. The agreed levies are often higher than the new base rate of 10 percent that the United States has applied to most countries since April ...
Liliane Mokbel 23/07 13:00 - Reading : 3 minute(s)
Following weeks of disruption caused by a flat-rate levy on gasoline and diesel, introduced to fund a military salary increase, the refined fuel market has returned to relative stability, with both products now widely available and no indication of shortages. The levy, set at LBP 100,000 and applied to domestic consumption under customs code 04H ...
This is Beirut 23/07 08:50 - Reading : 4 minute(s)
Donald Trump Japan Trade deal Tariffs
Donald Trump announced Tuesday a "massive" trade deal with Japan, marking a key breakthrough for major US trade partners as they scramble to strike agreements before the end of the month. In an attempt to slash his country's colossal trade deficit, the US president has vowed to hit dozens of countries with punitive "reciprocal" tariffs if they do ...