BEIRUT: The first shipment of swapped Iraqi fuel (gasoil) unloaded its cargo in Lebanon Thursday as part of an agreement with the Iraqi government to supply...
BEIRUT: The new government should stick to the former Cabinet’s economic recovery plan to get money from the International Monetary Fund, Moody’s said in a...
BEIRUT: Bank of America Global Research said it is very likely that new Finance Minister Youssif Khalil would unify Finance Ministry and Central Bank efforts...
BEIRUT: New Finance Minister Youssef Khalil will soon discover that restarting the negotiations with the International Monetary Fund under new terms will be...
BEIRUT: The resumption of the Egyptian gas to Lebanon depends on the speed of talks between the Lebanese government and the World Bank to secure funding for...
BEIRUT: Syria has no technical or logistical problems in resuming the shipment of Egyptian gas through its territories to Lebanon since all the pipelines...
BEIRUT: Owners of the private electricity generators started hiking their prices by more than two to three times this month under the pretext that the rates...
BEIRUT: Lebanon will experience its worst inflation in history once the Central Bank’s subsidies are totally lifted on fuel oil and diesel, economists...
BEIRUT: A high level Lebanese government delegation is expected to visit Syria, Jordan and Egypt soon to discuss the possibility of receiving electricity from...
BEIRUT: Lebanon’s of Energy and Water Ministry said Thursday that the Emirates National Oil Company (Enoc) won the first tender to replace 84,000 tons...
BEIRUT: Lebanese authorities hiked fuel prices by 66 percent Sunday after the caretaker Cabinet and the Central Bank altered temporarily the exchange rate of...
BEIRUT: The caretaker Cabinet and the Central Bank allocated $225 million for the purchase of gasoline, diesel and gas and pledged to totally lift the...
BEIRUT: Lebanon hopes to get the first shipment of the swapped Iraqi oil to run the country’s power plants before the end of August, a government source...
BEIRUT: The constant power outage and the sharp shortage of diesel and fuel oil to operate the private generators is definitely a real nightmare for all...
BEIRUT: Lebanon must eventually find other sources of cheaper and environmentally friendly energy to ensure continuous and uninterrupted electricity supply,...
BEIRUT: Prime Minister-designate Najib Mikati's first and utmost priority if he succeeds in forming a Cabinet is to resume negotiations with the...
BEIRUT: The Finance Ministry is set to pay Alvarez & Marsal $150,000 in a few days in order to allow the firm to conduct extensive forensic auditing of...
BEIRUT: Lebanon is expected to sign a landmark agreement with Iraq Saturday to supply the fuel-strapped country with 1 million tons of Iraqi fuel to operate...
BEIRUT: The International Monetary Fund informed caretaker Finance Minister Ghazi Wazni that the fund was willing to commit $3 billion to $4 billion to any...
BEIRUT: The resignation of Prime Minister designate Saad Hariri last week had a serious impact on the local market as the dollar rate exceeded LL22,000...
BEIRUT: The Central Bank on Friday asked Lebanese lenders to stick to the conditions of Circular 158 only and not to add new clauses and conditions in the...
BEIRUT: The Central Bank’s Circular 158, which allows depositors with foreign currency accounts from before Oct. 17, 2019, to withdraw up to $400 in cash in...
BEIRUT: Completely lifting subsidies on all commodities coupled with the expected $400 cash withdrawals from the banks will trigger unprecedented...
BEIRUT: Lebanon’s insurance companies may witness a 20 percent drop in insurance premiums and volume if these firms start charging their customers in...
BEIRUT: Most Lebanese banks seemed willing to meet the Central Bank’s instructions to allow depositors who had foreign currency accounts before October...