Posted By
Najib
Dec 29, 2020 02:03
I was looking for information regarding the new subsidized housing loans that were announced a week ago and I found this great informative video by Jad Ghosn. To sum things up quickly, we got $165 million dollars in aid to the Iskan bank , that will be distributed as LBP loans to 2000 eligible candidates at most. The interest rate will be 4.5% over a 30 year period and the loan will be paid in…
Posted By
Najib
Dec 26, 2020 08:13
A couple of months ago, Lebanon's central bank had around 800 million dollars in reserves remaining for basic subsidies, but this changed a week ago when BDL governor announced they now have 2 billion dollars left. Where did these 2 billion dollars come from? Obviously not from expats or foreign investments. Instead BDL managed to come up, once again, with a new "financial maneuver" to give more time and money for the authorities to waste.…
Critiques
3 years ago
One month after the forensic audit was suspended, the Lebanese parliament has finally decided to lift the banking secrecy for 1 year to facilitate the audit of the Central Bank and other public institutions. The ...
Critiques
3 years ago
A memo by the Telecom Ministry & Ogero was issued yesterday informing all landline owners that the ‘0’ for all area codes will be dropped and replaced by ‘2’. In other words, when you’re dialing ...
Critiques
3 years ago
The country’s COVID-19 measures were revised today ahead of the holidays, whereas the nighttime curfew is now set at 11:30PM instead of 11PM and businesses will be allowed to open until 10:30 pm instead of ...
Critiques
3 years ago
The answer is quite simple: Everyone in charge since 2013 from Presidents, PMs, Ministers, Heads of Parliament, Army Generals, officers,, Heads of Customs, Port officials, etc. Up until today, Judge Sawwan’s work as lead investigator ...
Critiques
3 years ago
It’s been over a month now that Saad Hariri was re-assigned to form a government and still nothing. Today, after a three-week pause, Hariri met Aoun and instead of agreeing on a final line-up, each ...
Critiques
3 years ago
Up to 85% of the fuel provided to Lebanon is by Sonatrach and its contract expires by end of year, which means we will lose our key fuel supplier in 3 weeks time. Added to ...
Critiques
3 years ago
Between end of 2018 and February 2020, 98,885 accounts were closed in Lebanese banks, the majority holding between 5 and 30 Million Liras. $21.3 Billion Dollars is the total amount of cash withdrawn from banks ...
Critiques
3 years ago
To begin with, rumors that Nescafe will no longer be distributed by Nestle are fake news. Nestle’s general manager confirmed that Nestle will keep on distributing its products but there might be a temporary shortage ...
