Lebanon has The World’s Highest Nominal Inflation Rate at 139%

According to World Bank’s latest Food Security Update report, Lebanon has the highest nominal inflation rate in the world at 139% followed closely by Zimbabwe at 138% and Argentina at 108%. The food inflation rate for each country "is based on the latest month from October 2022 to January 2023 for which the food component of the Consumer Price Index and overall CPI data are available. Real food inflation is defined as food inflation minus…

Antonov Airplane Crash in 1977 Over Aramoun Lebanon

I came across this story from 1977 on LebanonArchives' timeline and it was the first time I hear about it. An Antonov airplane departed from Varna carrying a crew of nine and tons of frozen meat on the 13th of May 1977, and was cleared for landing by the air traffic control in Beirut. However the plane struck high tension power cables on its way down and crashed over the town of Aramoun. All nine…

U.S. Sanctions Notorious Lebanese Drug Dealers Noah Zaaiter and Hassan Daqqou

The United States Department of the Treasury imposed new sanctions today against six people, four Syrians and two Lebanese, for their role in the production or export of captagon, a dangerous amphetamine. The four Syrians include Assad's cousins Samer Kamal Al-Assad and Wassim Badi al-Assad as well as Walid Qaddour a Syrian businessman and a former commander of the rebel Free Syrian Army. The two Lebanese sanctioned are Noah Zaaiter and Hassan Daqqou who work…

Tintin au Liban (Full Issue)

A while back, I stumbled upon a short video depicting a Tintin au Liban parody edition. The video showed an English edition which seemingly was issued by the National Lampoon magazine, an American humor magazine that ran from 1970 to 1998 and was a spinoff from the Harvard Lampoon. However, the only reference to this edition I could find were scanned copies of the full French edition, which is good enough for me :D I…
Art

AI Generated Portraits for Lebanese Cities

1 year ago
Lebanese Photographer Fredy Chemaly shared AI generated portraits for Lebanese cities and the results are amazing and some quite accurate. The pictures shared below are respectively for Zahle, Tripoli, Chouf, Broumanna and Batroun. You can ...
Critiques

Lebanon Was Not Given a Deadline by The IMF To Implement Reforms

1 year ago
A delegation from the International Monetary Fund concluded its visit to Lebanon on March 23 and issued a statement summing up its mission & pointing out the parties responsible for hindering financial recovery. These parties ...
Baladi

HSBC Appoints Lebanese Patrick George as Head of Markets & Security Services

1 year ago
Patrick George, a Lebanese expat and Concordia graduate, kicked off his banking career with a Lebanese private bank (FFA Private Bank) in 1994 before moving to HSBC in 1996 to manage the Emerging Markets Equities ...
Critiques

We Need a New Airport, Not a New Airport Terminal

1 year ago
The Minister of Public Works & Transport announced on Twitter yesterday plans to build a new terminal at the Beirut-Rafic Hariri International Airport with a foreign investment of $122 million, noting that no expansion plans ...
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