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

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 fan of trains and this part caught his attention, especially that Lebanon has NONE. Let's see if they get any answer, because we all deserve one.

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

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 getting crowded, and numbers are expected to soar in the coming two weeks following the holiday break. Still, this doesn't mean that people should just accept the fact that everyone is going to get it and move on with their…

About The New Iskan Housing Loans …

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 million dollars in aid to the Iskan bank , that will be distributed as LBP loans to 2000 eligible candidates at most. The interest rate will be 4.5% over a 30 year period and the loan will be paid in…

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

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 left. Where did these 2 billion dollars come from? Obviously not from expats or foreign investments. Instead BDL managed to come up, once again, with a new "financial maneuver" to give more time and money for the authorities to waste.…
Critiques

Lebanese Parliament Lifts Banking Secrecy For 1 Year

4 weeks 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 ...
Lebanon

MEA Might Start Accepting “Fresh” Dollars Only

4 weeks ago
MEA Chairman told Reuters yesterday that “if MEA wants to ensure its stability, we will reach a time when we will need to have sales in ‘fresh dollars’, which means that very few people will ...
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 ...
Critiques

Lebanon To Allow Parties, Apply Social Dis-Dancing

1 month ago
The country’s COVID-19 measures were revised today ahead of the holidays, whereas the nighttime curfew is now set at 11:30PM instead of 11PM and businesses will be allowed to open until 10:30 pm instead of ...
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