Recent Posts

Lebanese pound nudges higher to snap losing streak

An exchange dealer in Beirut, Dec. 7, 2020. (The Daily Star/Mohamad Azakir)

BEIRUT: The Lebanese pound rose on the black market Friday, trading at LL16,850 to the dollar, ending a six-day losing streak. Exchange dealers said they were buying the greenback for LL16,800 and selling it for LL16,900, compared to LL17,400-LL17,500 Thursday. The pound’s respite came after Lebanon named members of its team to conduct negotiations with the International Monetary Fund, whose …

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Karpowership stops electricity supply to Lebanon 

Turkish Karadeniz Powership Fatmagul Sultan, an electricity-generating ship, is seen docked at Beirut port, Monday, Feb. 18, 2013. (The Daily Star/Mohammad Azakir)

BEIRUT: Turkey’s Karpowership said it stopped supplying Lebanon with electricity from its two power ships Friday as its contract expired. “As of Oct. 1, our contract with EDL has come to an end and as such we will begin the process of shutting down the two powerships,” the company said in a statement. “We are acutely aware of the country’s …

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UN unveils Emergency Response Plan for Lebanon

United Nations Resident and Humanitarian Coordinator for Lebanon Najat Rochdi. (The Daily Star/ Maghie Ghali)

BEIRUT: The United Nations held a news conference Friday at the ESCWA offices to outline their Emergency Response Plan for Lebanon, seeking to provide essential support to 1.1 million of Lebanon’s most vulnerable people. The UN estimates that almost 2 million people are affected by the ongoing crises Lebanon is facing, and intends to facilitate a yearlong series of humanitarian …

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Jordan PM holds talks on supplying Lebanon with electricity, gas

Mikati speaks during a joint news conference with Jordanian Prime Minister Bishr al-Khasawneh in Beirut, Sept. 30, 2021. (The Daily Star/Mohamad Azakir)

BEIRUT: Jordanian Prime Minister Bishr al-Khasawneh Thursday held talks with top Lebanese leaders focusing on supplying Lebanon with Jordanian electricity and transferring Egyptian gas to help the crises-hit country plagued by chronic power cuts for decades. Khasawneh arrived in Beirut Wednesday night on a visit aimed at showing solidarity with Lebanon, which is reeling from its worst economic and financial …

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Hezbollah says downed Israeli drone in south Lebanon

FILE: Hezbollah said it downed an Israeli drone, Feb. 1, 2021. (The Daily Star/Hezbollah media, HO)

BEIRUT: Hezbollah said Thursday its fighters downed an Israeli drone flying over south Lebanon. The group said in a statement the drone, targeted with the “appropriate weapons”, crashed near the village of Yater at 1:55 pm local time. There was no immediate comment from Israel. Israeli drones and warplanes routinely breach Lebanese airspace in violation of UN Security Council resolutions. …

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Lebanon threatened with total darkness: Ghajar

Lebanon threatened with total darkness: Ghajar

BEIRUT — Lebanon is facing a severe electricity crisis, with caretaker Energy Minister Raymond Ghajar warning that the country could plunge into “total darkness” by the end of the month. The state electricity company, Electricité du Liban, is running out of funds to purchase fuel necessary for power generation. Ghajar highlighted the dire consequences, including the disruption of essential services …

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Prices of basic items to soar dramatically once BDL subsidies end

Prices of basic items to soar dramatically once BDL subsidies end

In 2020, Lebanon’s Central Bank (Banque du Liban, BDL) announced it would end its subsidies on basic commodities, triggering fears of a dramatic rise in prices. Economists and consumer protection groups warned that prices could soar by as much as 400% if alternative measures are not implemented. The subsidies, which had provided essential goods at lower prices by offering importers …

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Sri Lanka tea storm swirls around Lebanon president

Sri Lanka tea storm swirls around Lebanon president

In a recent controversy, Lebanon’s President Michel Aoun has faced criticism following the revelation that a donation of tea from Sri Lanka, intended for victims of the Beirut port explosion, was instead distributed to families of his presidential guards. On August 24, 2020, President Aoun’s office released a picture showing him receiving the Sri Lankan ambassador, with reports stating that …

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Bookmakers

Marvel Eyes Bryan Cranston for Professor X in X-Men Reboot

Marvel Studios is reportedly considering Bryan Cranston for the role of Professor Charles Xavier in its upcoming X-Men reboot. This development comes amid broader casting efforts for the Marvel Cinematic Universe’s (MCU) mutant saga, which is set to follow the events of “Avengers: Secret Wars.” Insider sources suggest that Marvel Studios has shown interest in Cranston for the role of …

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Pakistan vs Bangladesh Preview, Prediction, Lineups and odds: 30/5/2025

Pakistan will aim to wrap up the three-match T20I series against Bangladesh when the two sides clash in the second encounter at Lahore’s Gaddafi Stadium on Friday evening. After a convincing win in the opening match, the home team is poised to maintain its dominance, while the visitors will be searching for a way to bounce back and keep the …

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Gujarat Titans vs Mumbai Indians IPLT20 Preview, Prediction, Lineups and betting odds: 30/5/2025

The 2025 Indian Premier League (IPL) playoffs commence with the Eliminator match between Gujarat Titans and Mumbai Indians, scheduled for Friday at Mullanpur. This knockout fixture determines which team advances to Qualifier 2, while the loser exits the tournament. Both franchises have experienced fluctuating performances this season, setting the stage for a closely contested encounter. Gujarat Titans Overview Gujarat Titans …

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Trading212 deposit and withdrawal fees

For many new traders, one of the most overlooked areas when choosing a broker is fees. You think more about spreads, stock access, or whether you can trade crypto. But there’s a small leak that can quietly eat your profits: payment fees. Trading212 has built its name as a “zero-commission” broker. But does that apply to deposits and withdrawals, too? …

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Strategy tester tools and backtesting on FxPro

Imagine building a trading strategy you feel good about—only to watch it fail the moment real money is on the line. That hurts. But here’s the good news: it’s avoidable. Thanks to strategy tester tools and backtesting features on FxPro, you can test your idea in a safe, risk-free way before risking a single cent. Whether you’re a new trader …

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