No More Coca-Cola in Lebanon

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…

Government Approved Long-Awaited Economic-Financial Plan

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…

24/7 Electricity in 20 Months?

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 might guarantee 24/7 electricity within 20 months only! The outcome of the negotiations will be announced in a week time, and no further information was provided regarding the proposed plans. What's clear for me, and I believe most Lebanese, is…

Block 4 Drilling Indicates Presence of Gas, But Not Enough to Make it Commercially Viable

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 4, the volumes appear to be too little to make it commercially viable. The Minister did mention the findings are encouraging though and will help optimize the drilling in Block-9 and others. He did not specify however when will the…
Critiques

Why The Riad Salameh Problem is Further Proof “Kelloun Ya3ne Kelloun”

6 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

All Official Customs Data From 2011-2019 in One Dynamic Chart

6 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 ...
Information

COVID-19 Updates: Plan To Re-Open The Country Revealed

6 years ago
The spread of the Coronavirus, aka COVID-19, has had the country on lockdown since the beginning of March. Social distancing, staying at home, businesses, and schools closing their doors to employees and students. Even license ...
Art

Remembering Pierre Sadek With These Timeless Caricatures

6 years ago
Pierre Sadek left us 7 years ago, yet his caricatures are as relevant today as they were back in the 70s, 80s and 90s. I am sharing few from the Pierre Sadek Foundation page, out ...
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