Posted By
Najib
May 02, 2020 09:48
Update May 23 2020: The second company who was allowed to receive the fuel was shut down as well by the authorities. Its owner has reportedly fled to London. Back in 2005, the Lebanese government signed a deal with the state-owned oil company of Algeria to provide us with fuel. However instead of importing the fuel directly from Sonatrach, two Lebanese companies were in charge of receiving then selling back the fuel to the Lebanese…
Posted By
Fred
May 02, 2020 09:09
Photo by Jad G Ghorayeb. Social distancing in Lebanon has become a thing from the past. Confinement has become a thing from the past. Everything seems to be back to "normal" in the past couple of days, as the country desperately tries to inject some money into the market, apart from the specific places that cannot open before their official governmental time arrives, but which are already preparing for the comeback. The streets are…
Posted By
Najib
May 01, 2020 04:37
The National Beverages Company announced today that it is shutting down permanently by end of May 2020 due to the economic and financial distress and the difficult conditions it is going through. The company has informed the Labor Ministry today of its decision, in order to preserve its rights and the rights of the employees therein, knowing that the company and factory offices will be closed from the date of 1/5/2020. Coca Cola's market share…
Posted By
Najib
Apr 30, 2020 02:49
A draft of the amended "historic" reform plan was being shared few days ago, but we could not tell if the 52-pages document was the official one. Nevertheless, the government today met and approved the economic and financial reform plan in Baabda. PM Diab is expected to give a speech later on today, but the real question is: Why didn't they inform us about this plan before approving? Why not tell people what to expect…
Critiques
5 years ago
MP Nazih Najm, who heads the parliamentary committee for Energy & Water, mentioned today that they met with the Energy Ministry with the presence of Siemens & GE companies, and that they received offers that ...
Critiques
5 years ago
Lebanon’s Minister of Energy & Water held a press conference this morning to unveil the findings of the Block-4 drilling. Unfortunately, while preliminary results proved the presence of gas at various depths in offshore block ...
Critiques
5 years ago
Remember when some political parties got offended by the Revolution’s “Kelloun Ya3ne Kelloun” (All Means All) slogan? Remember how many defended their “clean” record and their so-called anti-corruption initiatives? Remember how many lawsuits & assaults ...
Economics
5 years ago
If you’re still wondering why we need that many dollars to import stuff? And why prices of imported items are soaring in recent weeks? Check out this awesome chart created by Bassam Karam grouping all ...
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