World Bank US$246 Million Aid To Be Distributed in LBP At New Rate

I am still trying to wrap my heard around this news. Basically, the World Bank announced that it will provide a $246 million loan assistance to the Lebanese government, that will be paid to families in need in LBP at a new exchange rate set at LBP 6,240. In other words, The Central Bank or commercial banks keep the fresh dollars and give out aid in LBP hundreds of thousands of Lebanese citizens living in…

Not Allowing the Media to Cover the Lockdown is Wrong

I rarely agree with our Information Minister but she made a valid point today by requesting that media be exempted from the COVID-19 measures. She even went as far as suggesting that front-line journalists be given priority in receiving the vaccine shot, but that's just wishful thinking, especially in a country like ours and in the situation we're in. Nevertheless, I strongly agree that journalists should be allowed to cover the lockdown in all its…
Critiques

Lebanon Has Not Yet Signed a Contract with Pfizer for COVID-19 vaccines

3 weeks ago
A lot of countries have started administrating the COVID-19 vaccines, with “Israel”, our sworn enemy, leading the way in the doses administered per 100 people, followed by the UAE, Bahrain, USA, UK, Denmark, Russia & ...
Critiques

Lebanese Government is Blaming People for its Own Incompetence Ahead of New Lockdown

3 weeks ago
They could not secure proper quarantine areas for returning travelers and visitors. They allowed nightclubs and restaurants to open during the holidays and organize NYE parties. They allowed artists to hold “sold out” concerts. They ...
Automotive

Why is Lebanon Spending 16 Billion LBP on Railways in 2020?

3 weeks ago
Lebanon’s German Embassy shared a post on its Facebook page highlight an excerpt of the 2020 budget law where 16 billion Lebanese Pounds are allocated to railways. As it appears, the ambassador is a huge ...
Critiques

COVID-19: Five Scenarios You MUST Avoid To Prevent The Spread!

3 weeks ago
It’s never too late to stop the virus spread even if cases are surging and the authorities are helpless and/or incompetent. Hospital ICU bed capacity is nearing 100% in Lebanon as PCR testing sites are ...
Critiques

About The New Iskan Housing Loans …

4 weeks ago
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 ...
Critiques

BDL’s Christmas Gift: 2 Additional Billion Dollars For The Authorities To Waste

1 month ago
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 ...
Critiques

Lebanese Parliament Lifts Banking Secrecy For 1 Year

1 month 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

Telecom Ministry & Ogero To Drop the ‘0’ From Landline Numbers Area Code

1 month 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 ...
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