Lebanese Government is Blaming People for its Own Incompetence Ahead of New Lockdown

They could not secure proper quarantine areas for returning travelers and visitors. They allowed nightclubs and restaurants to open during the holidays and organize NYE parties. They allowed artists to hold "sold out" concerts. They failed to increase the ICU bed capacity in the last two lockdowns. They implemented an odd-even regime for vehicles which resulted in an increase in the cases. They failed to enforce simple distancing rules, and the ministers in charge did…

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…
Critiques

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

5 years ago
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 ...
Critiques

Lebanese Parliament Lifts Banking Secrecy For 1 Year

5 years 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

5 years 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

5 years 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 ...
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