Posted By
Najib
Aug 02, 2020 05:04
The real estate sector has been witnessing a boom in recent months as developers are trying to settle their debts by accepting bankers' checks and depositors are trying to make use of their "lollars" amid fears of a possible haircut. However, this boom is expected to be short-lived as developers will stop accepting bankers' checks once they've settled their debts, and won't be resuming any ongoing construction works anytime soon due to the lack of…
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…
Critiques
6 years ago
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 ...
Critiques
6 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
6 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
6 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
6 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
6 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
6 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
6 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 ...
