Posted By
Najib
Jul 28, 2020 06:33
Moody's has lowered Lebanon's credit score to C, which is the same level as Venezuela. Obligations rated C are the lowest-ranked class of bonds and are typically in default, with little prospect for recovery of principal and interest. The downgrade reflects Moody’s “assessment that the losses incurred by bondholders through Lebanon’s current default are likely to exceed 65%". In the mean time, the government has yet to present serious economic and fiscal policy reforms, and…
Posted By
Najib
Jul 27, 2020 01:39
The government has failed, the Health & Interior Ministries have failed miserably, the media failed and the people have failed too in respecting the COVID-19 guidelines. However, now is not the time to play the blame game because the situation is critical and the large rise in #COVID-19 cases in the past few days is quite alarming and spiraling out of control. The question now is whether we go back to a full lockdown or…
Critiques
5 years ago
It looks like Diab’s government is on its way to score another “fake” victory as they’re celebrating the decision to audit the BDL as a “historic decision for Lebanon”, and I quote “will mark a ...
Critiques
5 years ago
Lebanon’s Customs Department and the Minister of Health stormed yesterday three warehouses where they found tons of expired chicken. The packs of expired chicken were confiscated in huge amounts with expiry dating back to 2016 ...
Critiques
5 years ago
The fuel shortage has already caused a severe power outage across the country and is forcing a lost of businesses to shut down or reduce their working hours. As far as the internet is concerned, ...
Critiques
5 years ago
Lebanese-Armenian Neshan TV Host is set to stand trial in October after having called Turkish President Erdogan “a malignant Ottoman,” in response to a tweet from an ignorant viewer who labeled Neshan as a refugee. ...
Critiques
5 years ago
Tourism Minister Ramzi Msharrafieh: A video documenting the assault on prominent activist Wassef Harake led to the arrest of at least six people, who were monitoring his moves using one of the Tourism Ministry’s cars, ...
Automotive
5 years ago
Traffic lights have stopped working in Beirut as there’s no money to renew for the company in charge of up-keeping them. As a result, we’re witnessing a spike in car accidents, as “figures shared by ...
Critiques
5 years ago
Up to 85% of the fuel provided to Lebanon is by Sonatrach, yet the Lebanese authorities and specifically Judge Ghada Aoun decided to go after the state-owned Algerian oil company despite not having any alternatives ...
Critiques
5 years ago
Lebanon may be famous for its food, but we’re better at preparing stuff than producing it and this applies to everything. We import everything, including 85% of our food and this will not change overnight, ...
