Posted By
Najib
May 11, 2021 04:46
Lebanon's Central Bank issued a statement on Sunday claiming that they're working on a plan with the banks to repay up to $25,000 in "fresh" dollars covering deposits done before Oct 17 2019. The payments will be done in all available foreign currencies and should start by June 30 2021. We all want to believe that this is a good thing, but it's still not clear how the Central Bank will pay back dollars and…
Posted By
Najib
May 09, 2021 01:15
Lebanon is headed towards total darkness in few weeks time if EDL doesn't get funds to buy fuel from the government. We've heard this before back in March before the government granted it 200 million dollars but it doesn't look like EDL is getting any money this time. Since 1992, the share of the electricity sector spending, including subsidies, has accounted for around $40 billion, which is around 40 percent of Lebanon’s government debt. Added…
Baladi
5 years ago
The legendary Le Bristol hotel had to shut down last year due to the economic crisis. The 70-year old five-star hotel is an iconic establishment that hosted various prominent figures across the decades such as ...
Baladi
5 years ago
Al Wadi Al Akhdar is easily the Lebanese diaspora’s most recognizable brand around the world. In 2021, Al Wadi Al Akhdar celebrates four decades of love and pride in our Lebanese culinary heritage. That’s 40 ...
Baladi
5 years ago
The month of May is a time of honor and devotion to the Blessed Virgin Mary for Catholics around the world. In Lebanon, the most visited shrine is Our Lady of Lebanon in Harissa whereas ...
Critiques
5 years ago
Last week, Saudi Arabia decided to issue a ban on all produce coming from Beirut after seizing millions of captain pills hidden inside pomegranates. Few hours later, Saudi’s Center for International Communication shared an infographic ...
Critiques
5 years ago
The long-awaited BDL platform “Sayrafa 2.0” was officially launched last week and is aimed at allowing banks to buy & sell dollars and set up a unified rate that is not subject to any manipulation. ...
Food
5 years ago
The Saudi authorities foiled an attempt yesterday to smuggle more than 5 million Captagon pills hidden inside pomegranates into the Kingdom. The shipment was coming from Lebanon, and the Saudis on the same day offered ...
Critiques
5 years ago
Megaphone shared a very interesting report on how Lebanon’s public debt has dropped by over 80 billion dollars since last year, mainly due to two factors: – Eurobond prices have dropped sharply – Lebanese bonds ...
Lebanon
5 years ago
Lebanon dropped five places from 2020 and currently ranks 107th in the 2021 RSF World Press Freedom Index report. The index is produced annually by the NGO Reporters Without Borders (RSF) and evaluates the level ...
