Posted By
Najib
Aug 26, 2021 05:13
Millions of liters of subsidized fuel hidden in underground tanks as well as tons of medicine and baby formula were seized following raids by the Lebanese security forces. The latest raid was carried out by Caretake Health Minister Hamad Hassan in South Lebanon where hundreds of boxes containing COVID-19, blood pressure meds, as well as antibiotics and infant formulas and many others were found. Lebanese were all angered by these discoveries, especially after having spending…
Posted By
Najib
Aug 26, 2021 04:01
Judge Ghada Aoun just issued a search warrant for Central Bank Governor Riad Salameh that expires in a month time, after Salameh refrained from attending several sessions in the case of the illegal money transfers of the beforementioned company and bank. Aoun wants us to believe she did her job, even though we hadn't heard back from the "precious data" she seemingly confiscated from Mkattaf offices, but the truth is she's creating yet another diversion…
Critiques
4 years ago
Fuel subdivides are over. BDL announced it today and it is now up to the Energy Minister to set new fuel prices, which will be at least 5 or 6 times higher than the current ...
Critiques
4 years ago
The answer is no, at least not in the next 3 to 5 years. As much as I want to believe that the revolution can still bring the Sulta down to its knees, the situation ...
Critiques
4 years ago
The answer would obviously be YES in any other time, but it’s not that simple given the circumstances Lebanon is going through right now. While expats will bring in “fresh” dollars, they will also increase ...
Critiques
4 years ago
Annahar reported yesterday that the French President is considering establishing a currency board for Lebanon in case everything falls apart. Talks about a currency board had emerged earlier this year when Steve H. Hanke, an ...
Critiques
4 years ago
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 ...
Critiques
4 years ago
Ever since the Lira crisis begun, all experts agreed that lawful capital control measures needed to quickly be put in place protect the remaining foreign reserves and avoid further depreciation of the Lebanese Lira. Unfortunately, ...
Critiques
4 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
4 years ago
Over 1000 billion liras were allocated by the Lebanese authorities to clean the Litani River, in addition to consuming a 55 million dollars loan from the World Bank, and the outcome was over 40 tonnes ...
