Posted By
Najib
Dec 08, 2020 04:31
Up to 85% of the fuel provided to Lebanon is by Sonatrach and its contract expires by end of year, which means we will lose our key fuel supplier in 3 weeks time. Added to that, we owe the Turkish power ships hundreds of millions in dollars, and they're threatening to leave if we don't settle our dues. In other words, Lebanon's electricity crisis will get much worse by the start of 2021.
Posted By
Najib
Dec 07, 2020 04:10
Between end of 2018 and February 2020, 98,885 accounts were closed in Lebanese banks, the majority holding between 5 and 30 Million Liras. $21.3 Billion Dollars is the total amount of cash withdrawn from banks during this same period, out of which 16 Billion are in Lebanese Lira and the remaining five billion in foreign currencies. Lebanese Lira withdrawals: - Accounts with less than $100K dollars withdrew $1.8 Billion Dollars. - Accounts having over $100K…
Posted By
Najib
Dec 06, 2020 04:54
How did we get here? What went wrong? Why is the "All means all" right on the money? Megaphone News produced this amazing 22 minute documentary to explain how Lebanon ended up in this deep economic crisis, and how clientelism has made the ruling parties stronger by the year. The Lebanese people want change, but it cannot happen with the same political, judiciary and security bodies. We need to overthrow them all, otherwise things will…
Posted By
Najib
Dec 06, 2020 12:28
To begin with, rumors that Nescafe will no longer be distributed by Nestle are fake news. Nestle's general manager confirmed that Nestle will keep on distributing its products but there might be a temporary shortage due to consumers stacking up or due to the dollar shortage. Nevertheless, it's truly surprising to see such news go viral, while the news of vanishing essential meds from pharmacies and hospitals goes unnoticed. We have a severe shortage in…
Critiques
5 years ago
A couple of weeks ago, Lebanese NT player Ali Haidar shared a video where he stated he will never play in the national team as long as Akram Halabi is president of the Lebanese Basketball ...
Baladi
5 years ago
Holidays are around the corner, our economy is hanging by a thread, the majority of businesses are struggling big time and need our support to survive. For that sake, consider shopping local this month and ...
Automotive
5 years ago
Old Beirut shared a picture yesterday of the first car to enter in Lebanon, as per their claim. The car, which was brought to Lebanon in 1906 was owned by AUB President Dr. Howard Bliss ...
Critiques
5 years ago
If you thought the way this government handled the pandemic was a mess, wait till they get their hands on the first batch of COVID-19 vaccines. According to this LBCI report, we’re only getting the ...
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