This Is Beirut 2024-04-02 19:03 - Reading : 3 minute(s)
The Secretary-General of the Association of Banks in Lebanon (ABL), Fadi Khalaf, stated that the role of the state and its financial institutions are aggravating Lebanon's financial crisis. Khalaf stated, “A series of measures and initiatives undertaken are in direct conflict with fundamental principles of international law, including the United ...
This Is Beirut 2024-04-02 15:10 - Reading : 1 minute(s)
Are private school teachers heading for another strike to demand improved pay and pensions? The president of the private school teachers' union, Nehme Mahfoud, assured on Tuesday that teachers will not be able to continue working next year with current salaries in light of "the scandalously high prices and taxes imposed by the budget." He ...
This Is Beirut 2024-04-01 11:30 - Reading : 1 minute(s)
Gold hit another fresh record high Monday as investors grow confident that the Federal Reserve will cut interest rates this year, even after data showed a slight uptick in a key inflation report. The precious metal has enjoyed healthy buying interest this year as the US central bank hints at an easing of credit conditions. It hit a new high of ...
This Is Beirut 2024-03-30 10:30 - Reading : 2 minute(s)
The International Monetary Fund announced on Friday the immediate disbursement of $820 million to the Egyptian government, part of an augmented plan to aid the nation's stumbling economy. The IMF's Executive Board validated the payment as part of a $3 billion aid program granted at the end of 2022. The IMF action, repeatedly postponed and ...
Liliane Mokbel 2024-03-28 20:50 - Reading : 3 minute(s)
There's no need to look for the difference between the new and old hundred thousand-pound notes. They are one and the same. A wave of speculation about the new hundred thousand-pound bills has oddly swept through the domestic market. These new and scarce blue banknotes, which have been on the market since January, have heightened the ...
Nicolas Sbeih 2024-03-28 12:25 - Reading : 4 minute(s)
For the 2024 budget, as with any controversy over public finances, one notices that the debate is limited to more or less taxes to reward more or less civil servants: the active, the inactive, the moderate present, the absent, the invisible, the non-existent, without distinction. No idea about other possible revenues or less wasteful ...
This Is Beirut 2024-03-28 12:04 - Reading : less than a minute
The Ministry of Energy has sent a letter to TotalEnergies asking it to submit the report on the results of drilling in Block 9 by mid-April, according to sources quoted by the LBCI television channel. These sources state that the six-month deadline for publication of the report has expired, pointing out that Total had repeatedly promised to ...
This Is Beirut 2024-03-28 11:20 - Reading : 3 minute(s)
Childcare responsibilities are one of the main obstacles to women's employment in Lebanon, according to a new World Bank Group report released on Wednesday. Expanding the availability, affordability, and quality of childcare services, while tackling social norms around their utilization, can support women in joining or remaining in the workforce ...
This Is Beirut 2024-03-27 20:10 - Reading : less than a minute
Antoine Habib, Chairman of the Board and CEO of Banque de l'Habitat, has signed a memorandum of understanding with Scott Short, Director of the United States Agency for International Development (USAID). The aim is to offer technical and logistical expertise to the bank to help low- and middle-income people who will benefit from the institution's ...
This Is Beirut 2024-03-27 20:03 - Reading : 1 minute(s)
The parliamentary Finance and Budget Committee, chaired by MP Ibrahim Kanaan, discussed on Wednesday the follow-up to health-related topics in the budget for fiscal year 2024, such as hospitals, hospitalization and drugs for chronic and incurable diseases. At the end of the meeting, Kanaan said that caretaker Health Minister Firas al-Abiad is ...
This Is Beirut 2024-03-27 20:01 - Reading : less than a minute
The Traffic and Vehicle Management Authority announced in a press release on Wednesday that it will open its doors at the Dekwaneh center on Thursday, March 28, 2024 for the registration or formalities of new cars and motorcycles with chassis numbers ending in 0, 1 and 2. Tuesday, April 2 is for those with chassis numbers ending in 3, 4 and 5. ...
2024-03-27 19:20 - Reading : 5 minute(s)
Once again, the Lebanese economy is bearing the heavy brunt of the conflict between Hezbollah and Israel. Initial estimates indicate losses of around USD 2.5 billion in a country already struggling economically. The military conflict between Hezbollah and Israel is far from over, which makes it difficult to gauge its impact on Lebanon, a country ...