economy

Karim Souhaid: The Banking Reform Law Undermines the Independence of the Central Bank

This is Beirut, 07/05 21:45 - Reading : 4 minute(s)

BDL Banque du Liban Lebanon Economy Parliament

Presenting a 33-page document containing substantial remarks on the banking reform bill submitted by the government, the Governor of the Central Bank of Lebanon, Karim Souhaid, attended a session of the Parliamentary Finance and Budget Committee held mid-week. The session was chaired by MP Ibrahim Kanaan and attended by 40 parliamentarians, along ...

Labor Minister Announces Minimum Wage Hike for Private Sector Workers

This is Beirut, 07/05 16:15 - Reading : 1 minute(s)

NSSF Labor Ministry Mohammad Haidar minimum salary private sector economy

Minister of Labor Mohammad Haidar announced on Wednesday an immediate increase in the minimum wage for private sector employees, raising it to LBP 28 million, approximately $320 at the prevailing unofficial exchange rate. The increase, which represents more than a 50% hike, is the first step in a broader wage correction plan as Lebanon continues ...

Ford Sees $1.5 Bn Tariff Hit This Year, Suspends 2025 Forecast

This is Beirut, 06/05 05:15 - Reading : 3 minute(s)

Ford United States Economy Tariffs

Ford reported a 65 percent drop in first-quarter profits Monday, citing a near-term drag on auto sales from new vehicle launches, as it withdrew its forecast amid tariff uncertainty. The carmaker estimated a full-year net hit of about $1.5 billion in adjusted operating earnings following President Donald Trump's myriad tariff actions since ...

NSSF Disburses Nearly LBP 1,500 Billion in Healthcare Payments

This is Beirut, 05/05 12:55 - Reading : 1 minute(s)

NSSF Lebanon Economy

The National Social Security Fund (NSSF) announced that it has disbursed nearly LBP 1,496 billion to hospitals, physicians and insured individuals since the beginning of 2025, according to a press release issued by its Public Relations Department. Breaking down the figures, the NSSF detailed that LBP 710 billion was allocated for fixed-fee ...

Food Security: Economy Minister Launches Strategic Study With FAO and WFP

This is Beirut, 02/05 17:15 - Reading : less than a minute

WFP FAO Economy

The Minister of Trade and Economy, Amer Bisat, held talks with representatives of the Food and Agriculture Organization (FAO) and the World Food Program (WFP), in the presence of the Director General of Cereals and Sugar Beet and the Director of Grain Silos. Discussions focused on the development of a national food security strategy and the ...

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 ...

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