Economy

Economic News presented by Libnanews, The Citizen Media of Lebanon: Find all the information on economic aid and reforms, sectoral analyses including banks or construction, or on public finances, budget and deficits.

Lebanon: Negative outlook for the telecoms sector

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According to a report published by Fitch Solutions and titled 'Lebanon Telecoms Report 2021', the outlook remains negative for the telecoms sector in Lebanon,...
A Middle East Airlines (MEA) plane at Beirut International Airport. Photo Credit: Libnanews.com

The number of passengers in decline at the AIB

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The number of passengers arriving at Beirut International Airport continues to fall. According to the latest figures, this drop would reach 35% for the...

Lebanon / Crisis: 9% recession expected in 2021 according to the IMF

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The International Monetary Fund predicts that the economic recession will reach 9% in Lebanon in 2021 against 25% last year. It will be the...

Lebanon / Crisis: No lifting of the subsidy program until the ration cards are...

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The president of the union of fuel distributors Fadi Abou Shakra denied any information indicating a lifting of the subsidy program for the purchase...
100 dollar bills. Photo Credit: Libnanews.com

Lebanese pound above 12,500 LL / USD

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The parity of the Lebanese pound crossed the threshold of 12,500 LL / USD on Friday, May 7, amid reports of the imminent end...
The main entrance of the Banque du Liban (BDL) Photo credit: Libnanews.com, all rights reserved

Crisis: Imminent end of subsidies after a new circular from the Banque du Liban

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The Banque du Liban published a new circular which seems to prepare the end of the subsidy program for the purchase of basic necessities....
The headquarters of the Association of Banks of Lebanon after the explosion of the Port of Beirut. Photo Credit: Libnanews.com

Association of Banks in Lebanon denounces judicial decisions targeting its members

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The Association of Banks in Lebanon issued a press release on Tuesday denouncing the decisions to freeze the assets of some of its members...
The main entrance of the Banque du Liban (BDL) Photo credit: Libnanews.com, all rights reserved

Forensic audit: The President of the Republic puts pressure on the Banque du Liban

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The President of the Republic indicated on Thursday on his Twitter account that the last deadline granted to the Banque du Liban to submit...
The headquarters of the Association of Banks in Lebanon (ABL). Photo Credit: NNA.

Judge freezes assets of Lebanese banks and their executives

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Judge Amani Salamé decided to freeze the assets of banks and their leaders, following a complaint filed by a civil society collective entitled "The...

BdL confirms the upcoming launch of Sayrafa 2.0

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The central council of the Banque du Liban has reportedly approved the official launch of the Sayrafa 2 electronic platform, extending the previous platform...
The headquarters of the Association of Banks of Lebanon after the explosion of the Port of Beirut. Photo Credit: Libnanews.com

Student dollar: banks say they have transferred 240 million to 30,000 students

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The Association of Banks in Lebanon indicates that $ 240 million was transferred during the period 2019-2021 in favor of 30,000 Lebanese students based...
The 8th Airbus A321 received by the MEA. Photo Source: Lebanese spotters

Lebanon: Despite the crisis, the MEA receives its 8th Airbus A321

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The MEA received this Wednesday its 8th Airbus A321 neo registered T7-ME8 during a restricted ceremony which took place at Beirut International Airport. 7...

Banque du Liban reminds government to adopt “a clear vision of subsidies”

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The Bank of Lebanon sent a letter to the outgoing Minister of Finance Ghazi Wazni calling on the Lebanese authorities to adopt "a clear...

Exclusive agencies in Lebanon, between illegality and legality

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Exclusive agencies are now among the main suspects explaining the significant increase in prices. They are thus regularly accused of having set up real...
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