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Economy

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EconomyTranslated

Salam at the meeting “Towards Developing Public Transport in Lebanon”: The crisis in this sector has an economic cost that we all pay, which the World Bank estimated about ten years ago at more than two billion dollars a year. Time lost in traffic jams is time taken away from work and production.

LBCI: 0 min Salam at the meeting “Towards Developing Public Transport in Lebanon”: The crisis in this sector has an economic cost that we all pay, which the World Bank estimated about ten years ago at more than two billion dollars a year. Time lost in traffic jams is time taken away from work and production * In order to preserve…

EconomyTranslated

Gold prices fall: lowest level for the yellow metal in 4 months

Al Anbaa: Gold prices fell today and are heading for their biggest weekly drop in more than four months, as rising oil prices and strong U.S. economic data boosted expectations that the Federal Reserve (the U.S. central bank) will keep interest rates at elevated levels…

EconomyTranslated

Up or down? Here are the new fuel prices

Al Jadeed: 95-octane gasoline: 2,686,000 Lebanese pounds (-53,000); 98-octane gasoline: 2,704,000 Lebanese pounds (-53,000). Diesel: 2,564,000 Lebanese pounds (+1,000). Gas: 1,494,000 Lebanese pounds (without…

EconomyTranslated

Aoun briefed by the central bank governor on his meetings in Bangkok: We must move forward with banking sector reform and protect depositors’ rights

LBCI: Banque du Liban Governor Karim Said briefed President of the Republic General Joseph Aoun on the results of his recent meetings held in Bangkok on the sidelines of the annual meetings of the International Monetary Fund. These meetings included senior officials from the International Monetary Fund, the Arab Monetary Fund, …

EconomyTranslated

Will the Arctic route redraw the map of global trade?

Al Anbaa: The map of maritime trade between Asia and Europe is no longer what it was just a few years ago. Disruptions in the Red Sea and the risks surrounding passage, along with the time and costs resulting from rerouting ships, have prompted shipping companies to seek alternatives that had not attracted much interest. One of them is a route that passes through the far north…

EconomyTranslated

A new schedule of fuel prices...

LBCI: The new fuel price schedule was issued this morning, and the prices are as follows: - 95-octane gasoline: 2.686.000 Lebanese pounds (-53.000) - 98-octane gasoline: 2.704.000 Lebanese pounds (-53.000) - Diesel: 2.564.000 Lebanese pounds (+1.000) - Gas: 1.494.000 pounds…

EconomyTranslated

A Third World War? Why not?

An-Nahar: An analytical look at world events and tensions that could lead to a third world war, focusing on conflicts, arms buildup, and economic effects…

EconomyTranslated

Peru | Government announces a spending plan of 18 billion soles to address the giant “El Niño” phenomenon

Al Manar: Peru’s President Keiko Fujimori announced that her government would adopt an additional financial package worth 18 billion soles for next year, as part of its response to the expected giant “El Niño” phenomenon, affirming that the state’s response would be stronger than the climate threat itself. The announcement came during a press conference held at the Government Palace…

EconomyTranslated

Trump invokes a Cold War-era law to support oil production and refining

Al Manar: U.S. President Donald Trump has determined that oil production and refining, as well as activities related to them, are essential to national defense. In a presidential memorandum, Trump invoked a section of the Cold War-era Defense Production Act, allowing him to provide financial incentives for activities related to…

Doha returns to Beirut as an investor, not a donor

Nidaa Al Watan: The Qatari delegation’s latest visit to Beirut was not merely a passing diplomatic stop on the calendar of official meetings, nor an occasion to renew the traditional expressions of support for Lebanon. Doha, which has long been present at critical junctures in Lebanon politically, economically and developmentally, is returning today with an approach…

EconomyTranslated

The Social Security Fund pays 564 billion to hospitals and doctors

Nidaa Al Watan: A statement by the Public Relations Directorate of the National Social Security Fund said that “after doctors’ consultation fees were raised to levels exceeding those before the crisis, the Fund’s Director General, Mohammad Karaki, issued 3 decisions on 22/10/2026, numbered 546, 547 and 548, under which he ordered the payment of…”

EconomyTranslated

Tehran negotiates with the world on a bed of oil and fire

Nidaa Al Watan: The region is anxiously awaiting the outcome of the US-Iranian confrontation, particularly the possibility of major military operations against the Iranian regime resuming after the Israeli and US legislative elections. Press reports and the positions of the parties concerned suggest that this possibility is highly likely, in…

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