This is Beirut, 04/01 10:20 - Reading : 1 minute(s)
The health ministry in the occupied West Bank said one person was killed and nine injured in an Israeli raid on a refugee camp, with the Israeli military saying Saturday it had opened fire at "terrorists". An 18-year-old man, Muhammad Medhat Amin Amer, "was killed by bullets from the (Israeli) occupation in the Balata camp" in the territory's ...
This is Beirut, 2024-12-31 12:20 - Reading : 1 minute(s)
The new Syrian authorities have tasked a central bank official, Maysaa Sabrine, with "managing affairs" at the institution, marking an unprecedented appointment for a woman to this position, an internal source told AFP on Tuesday. This financial expert, who had served as the first deputy governor of the Syrian central bank since 2018, began her ...
Liliane Mokbel, 2024-12-28 12:00 - Reading : less than a minute
Banks prices inflation crisis world bank
In Lebanon, prices in dollars rose by 4.9% between September 2019 and September 2024, according to the World Bank. Meanwhile, the Central Directorate of Statistics reports a staggering 5970% increase in prices in Lebanese pounds over the same period.
This is Beirut, 2024-12-20 00:05 - Reading : 2 minute(s)
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On Thursday, the United Nations General Assembly approved a resolution asking the International Court of Justice (ICJ) to rule on Israel's humanitarian obligations towards the Palestinians, at a time when the Israeli government is accused of obstructing access to aid in Gaza. The resolution, submitted by Norway, was adopted by a large ...
Liliane Mokbel, 2024-12-18 20:00 - Reading : 2 minute(s)
The issue of counterfeit $50 bills appears to be nearing a resolution. Over 80% of shops, supermarkets and gas stations now accept these bills for cash payments. The remaining 15% mainly consists of small neighborhood businesses, which have been particularly affected by the economic crisis and the fragility of a cash-reliant economy. “Most ...
This is Beirut, 2024-12-16 14:00 - Reading : 2 minute(s)
Banks Donald Trump ECB Christine Lagarde
European Central Bank chief Christine Lagarde said Monday eurozone policymakers would keep cutting interest rates and warned that higher US tariffs under President-elect Donald Trump could hit growth in the bloc. "Even though we are not there yet, we are close to achieving our target" of two-percent inflation, Lagarde said in a speech at the Bank ...
This is Beirut, 2024-12-14 16:30 - Reading : 2 minute(s)
Egypt inaugurated a $500 million solar plant in the southern city of Aswan on Saturday as part of its push to boost renewable energy production after last summer's severe power outages. The Abydos Solar PV Plant, which was developed by Dubai-based energy company AMEA Power, has a capacity of 500 megawatts and was completed in just 18 months. The ...
This is Beirut, 2024-12-13 09:55 - Reading : 3 minute(s)
Asian markets fell Friday as China's latest vows to boost the beleaguered economy failed to stir much excitement, while traders looked ahead to a key Federal Reserve policy meeting next week. A tepid week was on course for a damp finish, with Wall Street offering a negative lead after fresh data pointing to a pick-up in inflation. Hong Kong and ...
Maurice Matta, 2024-12-12 10:30 - Reading : 4 minute(s)
Banks Beirut Port Damascus Hezbollah Middle East
Syrian presence in Lebanon dates back to 1976, a year after the outbreak of the Lebanese civil war. Syrian forces entered Lebanon as part of the Arab Deterrent Forces, and the Syrian government successfully cemented its presence. This was later consolidated by the Arab League mandate under the Taif Agreement, signed on October 22, 1989, which ...
This is Beirut, 2024-12-11 18:10 - Reading : 1 minute(s)
The armed conflict between Israel and Hezbollah has severely impacted Lebanon's commercial sector, which continues to face significant challenges while preparing for the future. Despite the ongoing recovery process, the sector remains resilient. In this context, Nicolas Shammas, President of the Beirut Traders Association (BTA), organized a major ...
This is Beirut, 2024-12-09 16:45 - Reading : less than a minute
Syria's central bank said Monday depositors' funds in the country's lenders were "safe" after rebels took the capital, and following chaotic scenes near some official institutions. "We assure our fellow citizens dealing with all operating banks that their deposits and funds at these banks are safe and have not been and will not be exposed to any ...
This is Beirut, 2024-12-06 10:40 - Reading : 2 minute(s)
Banks Turkey United Kingdom United States
The World Bank announced Thursday that it had raised close to $24 billion to provide loans and grants for some of the world's poorest nations, which it can leverage to generate a record $100 billion in total spending power. Donor countries committed $23.7 billion to replenish the bank's concessional lending arm, known as the International ...