This is Beirut 14/04 12:35 - Reading : less than a minute
The Lebanese Ministry of Energy and Water is grappling with a major administrative shortfall, with 85% of its top-tier (first-category) positions vacant and a complete absence of second-category staff, according to a report by MTV television channel. This effectively leaves the Ministry’s most critical functions in the hands of interim ...
This is Beirut 14/04 11:50 - Reading : 1 minute(s)
Donald Trump USA Tarrifs China Stock market
European stock markets rose sharply Monday after the United States announced exemptions from sweeping tariffs for smartphones, laptops, semiconductors and other electronic products, tempering trade war fears. Despite US President Donald Trump suggesting that the exemptions could be short-lived, European stocks rallied around two percent at the ...
This is Beirut 14/04 10:25 - Reading : 3 minute(s)
Chinese exports soared more than 12 percent last month, according to data Monday, beating expectations as businesses rushed to get ahead of swingeing tariffs imposed by US President Donald Trump on his so-called "Liberation Day". Beijing and Washington have been locked in a fast-moving, high-stakes game of brinkmanship since Trump launched a ...
This is Beirut 14/04 10:20 - Reading : 3 minute(s)
Donald Trump USA New York White House
Asian stocks rose Monday as trade war fears were tempered by Donald Trump's announcement of tariff exemptions for electronics, though the dollar weakened and safe-haven gold hit a fresh record amid fears the relief would be short-lived. After the wild gyrations witnessed last week, markets got off to a relatively stable start following news ...
This is Beirut 13/04 17:20 - Reading : 3 minute(s)
United States China Tariffs Donald Trump
China on Sunday called on the United States to "completely cancel" its reciprocal tariffs after Washington announced exemptions for consumer electronics and key chipmaking equipment. "We urge the US to... take a big step to correct its mistakes, completely cancel the wrong practice of 'reciprocal tariffs,' and return to the ...
This is Beirut 12/04 12:25 - Reading : 4 minute(s)
Iraq Iran Sanctions US economy
Every Friday, Alawi crosses the border from Iran into Iraq to sell his produce in the markets of Basra, which serve as a haven for Iranians grappling with economic sanctions. He is just one of many Iranian peddlers who endure the arduous journey into southern Iraq through the Chalamja border crossing. They bring essential goods such as chicken, ...
Liliane Mokbel 12/04 12:00 - Reading : 1 minute(s)
lebanon Gold exports imports dollars
The demand for precious metals in Lebanon continues to grow. According to data from the Economic Studies Center of the Beirut and Mount Lebanon Chamber of Commerce, Industry and Agriculture (CCIAB), imports of precious metals (customs classification) reached $2.572 billion in 2024, marking an increase of $46 million compared to the previous ...
This Is Beirut 12/04 10:55 - Reading : 1 minute(s)
EDL electricity outage Deir Ammar
The power supply is steadily being restored. According to sources at Électricité du Liban (EDL), Lebanon’s public power provider, the breakdown at the Deir Ammar thermal power plant—which had caused a temporary shutdown of production units—has been repaired. The same sources said the plants were reconnected to the grid at around 2:30 AM, ...
Christiane Tager 11/04 20:35 - Reading : 2 minute(s)
Since the beginning of March, the euro has enjoyed a notable resurgence on the markets. After a somewhat sluggish start to the year, the single currency has regained strength, trading around 1.14 US dollars on Friday — a rise of over 5%. An explainable performance that intrigues some, reassures others, and worries a few. Who would have thought ...
This is Beirut 11/04 19:55 - Reading : 4 minute(s)
Donald Trump Banks New York United Kingdom US Treasury
Investors dumped US government bonds, the dollar tumbled and stocks seesawed Friday, capping a volatile week as President Donald Trump's unpredictable tariff policy rattled market confidence. Trump triggered a massive market sell-off last week by announcing universal tariffs, and this week he sparked a huge but short-lived rally by pausing higher ...
Liliane Mokbel 11/04 19:15 - Reading : 3 minute(s)
Gold Silver International Markets
The gold rush is now mirrored by a growing fervor for silver. Investors are increasingly flocking to precious metals as safe havens amidst global economic uncertainty. This shift is unfolding in the context of persistent volatility driven by US President Donald Trump’s unpredictable trade policies, highlighted by his announcement on Wednesday of ...
This is Beirut 11/04 18:55 - Reading : 2 minute(s)
Over the past year, Lebanon’s agricultural sector has suffered massive losses estimated at more than $700 million, according to a joint assessment by the Food and Agriculture Organization (FAO), the Ministry of Agriculture, and the National Council for Scientific Research (CNRS). A report by the FAO presents an initial overview of the damage ...