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Economy

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EconomyTranslated

“iPhone Duo” Enters the Foldable Phone Market Amid Fierce Competition from “Android”

Al Anbaa: Apple has finally entered the foldable phone market with the “iPhone Duo,” but it faces strong competition from companies that use the “Android” operating system, such as “Samsung,” “Google,” and “Motorola.” Given the long experience of “Android” companies in this field, they offer alternatives that may surpass the “iPhone Duo” in lightness…

EconomyTranslated

Oil falls amid diplomatic efforts to ease regional tensions

Ad-Diyar: Oil prices edged down on Tuesday, as prospects for reaching a settlement in the US-Israeli war on Iran curbed fears of supply disruptions. But Brent crude remained near its 6-month high after attacks on Saudi Arabia dampened hopes for a swift return to stability…

Somali Ministry of Defense: We killed about 75 al-Shabaab members during battles in Bay region in the southwest of the country

LBCI: 0 min Somali Ministry of Defense: We killed about 75 al-Shabaab members during battles in Bay region in the southwest of the country * To protect intellectual property rights, please do not copy more than 20 percent of the news content, and mention the name of the LBCI website and include a hyperlink to the article…

EconomyTranslated

Discussion of the 2027 budget begins in Parliament… the “Ogero” union announces an open-ended strike

Lebanon 24: The parliamentary Finance Committee began holding its sessions dedicated to discussing the draft budget for 2027. After the first session, Finance and Budget Committee Chairman Ibrahim Kanaan affirmed that the government deserves credit for submitting the draft within the constitutional deadline, while stressing his rejection of imposing new fees and taxes amid the recession…

EconomyTranslated

Tehran succeeds in placing Lebanon on the negotiating table

Ad-Diyar: According to diplomatic circles, Tehran succeeded in placing the Lebanese file on the negotiating table as an integral part of the file on ending the war in the region. The Iranians took advantage of the Saudi delegation’s presence in Tehran, given that they are an active party on the Lebanese scene, as well as the Turks, to stress that Lebanon cannot…

EconomyTranslated

Here is what appeared in the local newspapers’ inside stories

Al Anbaa: Lebanese people complain that their mobile phones, some of which they bought nearly five years ago from shops in Beirut, have stopped working. This places responsibility for paying customs duties on the traders, not the buyer, who was not informed of the matter. They asked whether they would benefit from a special amnesty because of the passage of time. They are suffering…

Gold and oil prices decline

Al Anbaa: Gold prices edged lower in early Asian trading today, weighed down by a stronger dollar, while investors awaited this week’s meeting of the Federal Reserve (the U.S. central bank) for indications about the path of interest rates, according to “Reuters.” Gold fell…

EconomyTranslated

Suburb Municipalities vs. Generator Mafias: Who Has the Upper Hand?

CH23: As the diesel crisis worsens amid the war on Iran and the closure of the Strait of Hormuz, and generator owners’ rates rise, the Federation of Suburb Municipalities, in coordination with the municipalities and security agencies—particularly State Security—and influential parties, decided to open a confrontation with what it described as “generator mafias,” in a move aimed at…

Gold retreats… How much did the ounce cost?

Al Jadeed: Gold retreats… How much did the ounce cost? Gold prices edged lower in early Asian trading today as the dollar rose, while investors awaited this week’s Federal Reserve (the US central bank) meeting for indications about the path of interest rates. It fell…

EconomyTranslated

In Lebanon: Christians’ fears over demographic change!

MTV Lebanon: Maronite Patriarch Bechara Boutros al-Rahi’s warning about the increasing sale of land in Lebanon has revived Christian concerns that go beyond the transfer of ownership, to the possibility of affecting the demographic composition in a number of areas, amid war, displacement, and economic hardship. The warnings are accompanied…

EconomyTranslated

Secrets from the local newspapers published on Tuesday, October 27, 2026

National News Agency: An-Nahar: Lebanese people are complaining that their mobile phones have stopped working—phones some of them bought nearly five years ago from shops in Beirut—which places responsibility for paying customs duties on the traders, not the buyer, who was not informed of the matter. They asked whether they would benefit from a special amnesty because of the passage of time.…

EconomyTranslated

Lebanese people's phones suddenly stop working... What's the story? (An-Nahar)

Al Jadeed: Lebanese people's phones suddenly stop working... What's the story? (An-Nahar) One of An-Nahar's secrets said: Lebanese people are complaining that their mobile phones have stopped working; some bought them nearly five years ago from shops in Beirut, which places responsibility for paying customs duties on the traders, not the buyer, who was not informed…

EconomyTranslated

Newspaper Secrets 27-10-2026

LBCI: An-Nahar - Lebanese people are complaining that their mobile phones, some of which they bought nearly five years ago from shops in Beirut, have stopped working. This places responsibility for paying customs duties on the traders, not the buyers, who were not informed of the matter. They asked whether they would benefit from a special amnesty because of the passage of time.…

In China, the AI bubble has already burst

Ya Libnan: Unitree G1 Humanoid Robots dance during an uveiling event to announce new services by GMO AI & Robotics Corporation (GMO AIR) in Tokyo, Japan, September 8, 2026. REUTERS/Issei Kato/ File Photo While global tech stocks teeter, in China they have already…

EconomyTranslated

When caregiving turns into emotional and psychological exhaustion

Nidaa Al Watan: When a person realizes that their life has passed by in serving others at the expense of their personal well-being, identity, and own desires, they will inevitably reach psychological and physical exhaustion, and begin searching for change in an attempt to restore the balance between giving and responsibilities on the one hand and their lost self on the other. No social group…

EconomyTranslated

What’s in today’s secrets, Tuesday 27-10-2026?

Nidaa Al Watan: Because of a misunderstanding with one of the cashiers, a citizen threatened employees at a branch of a well-known supermarket, saying, “I have the Kalashnikov in the car; I’ll shoot all of you,” even though none of the employees did anything that might have increased the angry customer’s agitation. Syrians, who have come to be known as…

EconomyTranslated

Extraterrestrial Beings in Lebanon

Nidaa Al Watan: I never cared about the size of the Earth relative to the universe or about the size of Lebanon. Yesterday, it occurred to me to ask the family’s friend (ChatGPT) about the matter, and I was surprised to learn that Earth, humanity’s home, is one of billions of planets, forming a zero with a decimal point to its right and 62 zeros to the right of the decimal point, ending in one. And it reaches…

EconomyTranslated

The 2027 budget before the Finance and Budget Committee... Kanaan: We will not accept new taxes and fees on the people

Al Liwaa: The Finance and Budget Committee set the 2027 draft budget law on the legislative track after it reached Parliament within the constitutional deadline. The committee held its first session yesterday, hearing from Finance Minister Yassine Jaber about the draft, its general direction, and the assumptions on which it was based…

Khalaf: Once Again… Financing the Deficit with Depositors’ Money

Al Liwaa: Dr. Fadi Khalaf, Secretary General of the Association of Banks in Lebanon, wrote the opening editorial of the association’s monthly report in its issue published this October, titled “Once Again, Financing the Deficit with Depositors’ Money.” It said: “At a time when banks are working to gather as much liquidity as possible to repay deposits…”

EconomyTranslated

Al-Bassat to Iraq: We are bringing practical proposals to address export barriers

El Shark: Economy and Trade Minister Dr. Amer Al-Bassat held a meeting with private-sector representatives and the relevant administrations to discuss export challenges and practical solutions that would pave the way for Lebanese products, in preparation for his visit to Iraq on November 8 and 9, at the head of a delegation that includes representatives of…

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