This is Beirut, 08/01 21:15 - Reading : less than a minute
The Lebanese Pound’s (LBP) exchange rate remains fixed, despite attempts by speculators to exploit the political atmosphere surrounding the presidential election, official sources told MTV Lebanon. Speculators are reportedly attempting to create the illusion of an improving LBP exchange rate and a declining dollar value, according to the ...
This is Beirut, 07/01 15:50 - Reading : 1 minute(s)
In December 2024, BlomInvest’s Purchase Managers Index (PMI) reached its highest level in five months. In Lebanon, it scored 48.4 points in November 2024, as opposed to 48.1 the month before. According to Helmi Mourad, a research analyst at Blom Business Bank, the PMI improved for the second consecutive month, going from a low of 45 points in ...
This is Beirut, 07/01 14:25 - Reading : 1 minute(s)
Banks Central Bank of Lebanon Lebanese Forces
Lebanon is at a critical juncture in its economic crisis, with a Cabinet meeting scheduled for Tuesday afternoon, chaired by caretaker Prime Minister Najib Mikati, who plans to address several issues, notably a sensitive bill concerning the restructuring of banks. Quietly added to the agenda last Friday, this highly controversial draft has ...
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)
Banks Hamas International Court of Justice Israel Palestine United Nations West Bank
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 ...