This Is Beirut 2024-02-28 17:37 - Reading : 1 minute(s)
President of the Syndicate of Travel Agencies Jean Abboud reassured travelers that "the rise in oil prices has not affected airfares, as fuel is not the only factor determining airline operating costs." He emphasized in a press release that "despite the continuing rise in oil prices, ticket prices will not be impacted until the cost of fuel ...
This Is Beirut 2024-02-28 17:26 - Reading : less than a minute
Omar Itani, Chairman of the Board of Directors and Director General of the Port of Beirut, was keen to clarify on Wednesday that the container stacking process inside the port that the Food Importers' Syndicate President referred to was caused by a strike by department employees of relevant ministries, such as those of Agriculture and Economy, ...
This Is Beirut 2024-02-28 17:04 - Reading : 1 minute(s)
Lebanon's Federation of Bakeries Syndicates said on Wednesday that the only solution to the ministry employees' open strike is to do them justice by asserting their rights as quickly as possible in order to avoid further financial losses for the state and stakeholders, including bakeries. In a statement, the Federation of Bakeries ...
This Is Beirut 2024-02-28 16:23 - Reading : less than a minute
Inflation remains high, at 177.25% year-on-year (January 2023 to January 2024) and 2.87% for January 2024 alone, according to the Central Administration of Statistics (CAS). The price of housing and utilities, which includes water, electricity, gas and other fuels, rose by 208.54%. Prices for food and non-alcoholic beverages rose by 180.96%. ...
This Is Beirut 2024-02-27 21:17 - Reading : less than a minute
The path to increasing the minimum wage and educational funds in the private sector was central to the discussions on Tuesday between Caretaker Minister of Labor Moustafa Bayram, Chairman of the Lebanese Economic Organizations and former minister Mohammad Choucair, and President of the General Confederation of Lebanese Workers, Bechara ...
ici 2024-02-27 18:25 - Reading : less than a minute
Fadi Abou Chakra, head of the fuel distributors’ syndicate in Lebanon, urged the Lebanese government, particularly Caretaker Prime Minister Najib Mikati, to swiftly address the ongoing strike by civil servants and the General Directorate of Oil. He emphasized that a prompt resolution is crucial to prevent citizens from bearing the ...
Liliane Mokbel 2024-02-27 17:52 - Reading : 2 minute(s)
The National Social Security Fund (CNSS), left to its own devices to recover its reserve funds in Lebanese pounds, has decided to take action. The National Social Security Fund has taken significant decisions to bolster its reserves and restore its role as a ‘partial safety net’ for healthcare for low- and middle-income individuals. The CNSS ...
This Is Beirut 2024-02-26 21:44 - Reading : 1 minute(s)
Caretaker Minister of Economy and Trade Amin Salam stated on Monday that Lebanon was significantly impacted by the repercussions of the war in Gaza, with the agricultural and tourism sectors bearing the brunt of this impact. In an interview with Sky News Arabia, Salam explained that the agricultural sector suffered substantial damage, asserting ...
This Is Beirut 2024-02-26 17:48 - Reading : 2 minute(s)
The American rating agency Standard & Poor's (S&P) has maintained Lebanon's foreign currency bonds rating at SD/SD and its Lebanese pound-denominated debt securities rating at CC/C, with a steady negative long-term outlook. The agency attributed the negative outlook on the pound-denominated debt to the potential restructuring of this debt ...
This Is Beirut 2024-02-25 16:11 - Reading : 2 minute(s)
Following numerous strikes, protests and controversies, a solution to the issue of salaries and retirement pensions within the public sector might materialize. After postponing Friday's Council of Ministers meeting, which was meant to address this matter, caretaker Prime Minister Najib Mikati held a series of consultations within recent hours. ...
This Is Beirut 2024-02-25 16:06 - Reading : 2 minute(s)
On Sunday, the General Director of the WTO, Nigerian Ngozi Okonjo-Iweala, announced the launch of a $50 million fund aimed at supporting female entrepreneurs from developing countries in expanding their exports through opportunities offered by the digital economy. The announcement was made on the eve of the opening of the 13th Ministerial ...
This Is Beirut 2024-02-23 17:59 - Reading : 1 minute(s)
On Friday, Caretaker Minister of Environment Nasser Yassin signed a memorandum of cooperation between his ministry, the United Nations Development Programme (UNDP), represented by Deputy Resident Representative Mohamed Salih, and Cedre Oxygen, represented by Managing Director Anthony Jabbour, on the occasion of the launch of the "Lebanon Green ...