Economy

Lebanon's Labor Day: The Unaddressed Crisis of Salaries and Benefits

Liliane Mokbel, 29/04 17:30 - Reading : 3 minute(s)

economy Labor Day salaries Inflation CNSS

Labor Day, celebrated on May 1, offers little cause for celebration this year in Lebanon. How can workers rejoice when they’re trapped in a cycle of triple-digit inflation—despite some studies, curiously detached from reality, suggesting otherwise? The purchasing power of their end-of-service benefits, steadily eroded since 2019, is now ...

Stock Markets Edge up as Trump Softens Tariff Pain for Auto Firms

This is Beirut, 29/04 16:00 - Reading : 3 minute(s)

Donald Trump Banks US Treasury Stocks markets Economy

Stock markets advanced on Tuesday following news that Donald Trump plans to spare automakers from some of his wide-ranging tariffs, boosting hopes of a less combative approach to his trade war. Signs of easing trade tensions are also spurring sentiment, as governments line up to negotiate deals with Washington to avert the full force of sweeping ...

China's BYD posts strong quarterly profit on EV sales surge

This is Beirut, 25/04 15:25 - Reading : 2 minute(s)

Donald Trump USA China economy

Chinese electric vehicle giant BYD reported strong first-quarter profits on Friday, propelled by surging sales as US rival Tesla struggles to maintain pace. China's EV market is the largest in the world, and BYD has emerged in recent years as the clear leader of the highly competitive sector, outperforming Tesla in annual revenue last year. The ...

Prices Rise Again: +0.44% in March

This is Beirut, 23/04 14:35 - Reading : less than a minute

Economy Lebanon

Lebanon's consumer price index for March 2025 recorded an increase of 0.44% compared with February 2025. The annual change in the consumer price index for March 2025 was 14.19% compared with March 2024. Concerning the monthly variation of the index by governorate, the figures are as follows: Beirut: up 0.33 Mount Lebanon: up 0.11 North: up ...

Lebanon’s Banking Secrecy Reform: A Threat to Privacy, Legal Security, and Economic Trust

This is Beirut, 22/04 12:50 - Reading : 4 minute(s)

Economy Lebanon Banks Parliament

As Lebanon grapples with a deep financial crisis and seeks to overhaul its banking system, a proposed amendment to the country’s banking secrecy law has sparked major controversy. Though introduced under the banner of transparency and reform, the changes raise serious concerns about individual privacy, data protection, investor confidence, and ...

'No-Reform' Banking Bill: Where Is the Responsibility of the Defaulting State?

This Is Beirut, 21/04 10:30 - Reading : 4 minute(s)

Lebanon Economy Banks Law

Following the adoption of the draft law for reforming and reorganizing the banking sector in Lebanon, the government will begin preparing a law to address the financial gap, intended to restore financial system stability. However, the implementation of the banking reform and reorganization bill is suspended until the law on the financial gap is ...

'Deadly' Loans Behind 'False Hope': Beware the IMF Trap

This Is Beirut, 19/04 12:25 - Reading : 4 minute(s)

IMF Finance Economy Banks

The experiences of many countries with international financial institutions—chief among them the International Monetary Fund (IMF)—show that such partnerships often lead to counterproductive results. Instead of rescuing economies from crisis, the so-called reform programs have deepened structural and financial problems. In many cases, these ...

To Those Betting on the International Monetary Fund

This is Beirut, 18/04 11:30 - Reading : 4 minute(s)

Lebanon IMF Economy

An official Lebanese delegation is heading to Washington, DC to participate in the IMF and World Bank Spring Meetings, carrying with it new promises and commitments aimed at pleasing these two international institutions. It seeks to convince them that Lebanon has indeed embarked on the path of reform and seeks to go even further by fulfilling all ...

Illegally Privatized Coastline: End of Impunity or a Mere Political Posturing?

Liliane Mokbel, 17/04 18:40 - Reading : 2 minute(s)

Economy Public domain coastline

After decades of laissez-faire, has the tide finally turned? Breaking with a long-standing tradition of complacency toward violations of the coastline, the government of Nawaf Salam has withdrawn three controversial decrees adopted under the Mikati administration. These decrees had legitimized the appropriation of over 140,000 square meters of ...

Joseph Aoun Files Two Appeals Before the Constitutional Council

This is Beirut, 17/04 16:50 - Reading : 3 minute(s)

Lebanon Economy Joseph Aoun

In a notable move, President of the Republic, General Joseph Aoun, submitted two appeals before the Constitutional Council. The first concerns Law No. 1, which came into force by default and relates to the rental of non-residential spaces. The second concerns Law No. 2, also effective by default, aimed at amending certain provisions regulating the ...

Asia's Big Exporters Open Tariff Negotiations with US

This is Beirut, 17/04 14:30 - Reading : 4 minute(s)

US Tariff Trade Asia Economy

Asia's major exporters Vietnam, Japan and Taiwan are among the first economies to open negotiations with Washington over US President Donald Trump's sweeping tariffs, taking advantage of a 90-day reprieve from the global trade war. Notably absent from those trying to reach a compromise with Washington is China, which faces levies of up to 145 ...

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