15,000 LBP is The New Official Exchange Rate?

Reuters reported today that the Lebanese Central Bank is set to drop the 1,507 rate that has been used since 1997 and replace it with LL 15,000 for every 1 U.S dollar by the end of October. Today's black market exchange rate stands at LL 38,000 so I am not really sure how realistic this LL 15,000 rate is. We will wait and see how the government or the Central Bank will justify this new…

Are We Getting a New President Tomorrow?

The first session to elect a new president is taking place on September 29th, and while there's still no consensus on a candidate, there are no reasons to rule out a successful vote if the quorum is met and a candidate manages to get the absolute majority in the second or third round. There are already talks about a serious candidate that might emerge as a winner tomorrow, who is Salah Hnein, but once again…

Phoenicia Hotel Set to Reopen on October 3

Phoenicia Beirut, the iconic Beirut landmark, is set to reopen its doors on October 3rd. The hotel closed briefly following the August 4 port explosion and then shut down its doors due to the economic crisis. This is not the first time Phoenicia has overcome tough times and reopened. The hotel was damaged during the civil war between 1975-1990 and specifically during the 1976 Battle of the Hotels, before reopening in 2000, and then got…

Beirut Port Silos at Risk of Collapse A Week Before Port Blast 2nd Anniversary

A week before the Beirut port explosion's second anniversary, the government has issued a warning that the northern part of the port silos are in danger of falling. This comes after the silos caught fire for three consecutive weeks due to the fermentation of the remaining grain stocks in the hot summer temperatures. Economy Minister has stated that the attempts to contain the fires are more likely to cause the silos to collapse, but his…
Critiques

Meaning of “البطريركية” (Patriarchy)

2 months ago
Two female MPs, Cynthia Zarazir & Halima Kaakour, were disrespected and bullied inside the Lebanese parliament last week. MP Zarazir revealed in a press conference that she was catcalled by pro-government Amal MPs, given a ...
Beirut

Librairie Antoine Beirut Souks is Temporarily Closed

2 months ago
The iconic “Librarie Antoine” book store at the Beirut Souks has officially shut down today after a farewell ceremony in honor of the victims of the August 4 Port explosion. The ceremony was led by ...
Critiques

After “Lightyear”, Lebanese General Security Bans “Minions: The Rise of Gru”

2 months ago
Lightyear, the prequel to Pixar’s Toy Story franchise, was banned in Lebanon back in June for featuring a brief kiss between a same-sex couple. 13 other Middle Easter and Asian countries, including Saudi Arabia, Egypt, ...
Lebanon

Beirut First Club Defeats Riyadi To Claim First Title

3 months ago
Beirut First Club defeated Riyadi in Game 7 tonight to claim its first ever Lebanese Basketball League title. Beirut was down 2-0 in the series before pulling an incredible comeback and winning the series at ...
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