This is Beirut, 16/08 19:15 - Reading : less than a minute
The international credit rating agency Standard & Poor’s has raised Lebanon’s long-term local currency rating to CCC with a stable outlook, while maintaining its foreign currency rating at SD, according to Reuters. The agency explained that the risks of Lebanon defaulting on local debt remain, due to spending pressures, limited access to ...
Christiane Tager, 15/08 20:35 - Reading : 4 minute(s)
Free to play… yet astonishingly profitable, today’s video games turn our clicks into cash. Microtransactions, virtual concerts and blockbuster partnerships have made Fortnite, Candy Crush and their peers billion-dollar giants. And in Lebanon, players show no sign of putting down their controllers anytime soon. Video games, once seen as mere ...
This is Beirut, 14/08 20:30 - Reading : 2 minute(s)
The Court of First Instance in Mount Lebanon, through its Third Chamber handling real estate matters and composed of judges Yamen El-Hajjar (presiding), Elissia Abou Jaoudeh, and Fatima Bazzi, issued a key ruling in a case filed by Mrs. Sara Audi Attaya, represented by her attorney Riad Hallaj, challenging a decision by the Baabda Land Registry ...
This is Beirut, 14/08 14:35 - Reading : 1 minute(s)
Joseph Aoun lebanon Abu Dhabi economy business
President Joseph Aoun on Thursday emphasized that Lebanon’s primary challenge is corruption, “because there has been no accountability.” Speaking at a meeting with a delegation from the Lebanese Business Council in Abu Dhabi, Aoun noted that “today, there is a judiciary, cases are being opened, and there are no prohibitions or red lines ...
Christiane Tager, 08/08 16:20 - Reading : 3 minute(s)
Economy Shopping Lebanon Sales
For many Lebanese, sales are the only time of year when long-desired items become remotely affordable: a pair of sneakers, a designer dress or a household appliance. With wallets worn thin by inflation, a devalued currency and eroding purchasing power, discounts provide a much-needed breather. But while some shoppers welcome the relief, others ...
This is Beirut, 02/08 13:19 - Reading : 4 minute(s)
United States Donald Trump Economy
President Donald Trump said Friday he has ordered the firing of a key economic official, accusing her of manipulating employment data for political reasons after a new report showed cracks in the US jobs market. US job growth missed expectations in July, Labor Department data showed, and revisions to hiring figures in recent months brought them ...
Liliane Mokbel, 31/07 17:36 - Reading : 2 minute(s)
Lebanon Customs revenues Fiscal revenues Economy
It’s both a welcome and surprising development: in 2025, Lebanon’s state treasury saw a significant rise in customs revenues – and this happened without any increase in customs duty rates. According to the World Bank (Lebanese Monitor report, Turning the Tide, Spring 2025), public revenues reached $4 billion in 2024, with $3 billion coming ...
Christiane Tager, 31/07 17:00 - Reading : 3 minute(s)
Lebanon Summer Weddings Economy
Today, Lebanese weddings are no longer just about love; they’re major financial productions. Each celebration activates an entire economic ecosystem: fully booked wedding planners, photographers and videographers charging thousands of dollars, gourmet caterers offering five-star menus, florists capable of transforming any venue into a lush ...
Liliane Mokbel, 30/07 15:20 - Reading : 4 minute(s)
Lebanon Economy Private sector Public sector
Jaber wants a smarter, more effective PPP law, one that reflects the lessons of what he describes as a disappointing past. He was rather clear in an early July statement to An-Nahar, as he sharply criticized the PPP contract between Electricité du Liban (EDL) and service providers, calling it a “big lie.” He believes the deal should have been ...
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 ...
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 ...
This is Beirut, 24/07 16:00 - Reading : 1 minute(s)
Syria Economy Sanctions Reconstruction
A Reuters investigation uncovered a covert campaign to restructure Syria’s shattered economy, led by the new president’s brother, Hazem al-Sharaa, and an Australian of Lebanese descent, Abraham Succarieh, who is under international sanctions for alleged terrorism financing. Operating through an unannounced “shadow committee,” the pair has ...