Archives

Hariri’s return sets the cabinet formation wheels back in motion

Prime Minister-designate Saad Hariri returned to Beirut on Monday. Later that day, he met with Parliament Speaker Nabih Berri in Ain al-Tineh to discuss the government formation process. The...

Yara ABI AKL, 1 June 2021

Lebanon has registered 242 new cases of COVID-19 in the past 24 hours. Six more people have died, bringing the total death toll to 7,735

1 June 2021

BDL’s latest interim balance sheet shows an additional LL1.64 trillion in circulation outside BDL in May, putting the total at LL39.88 trillion. The bank’s foreign assets, which represent its reserves, have fallen by about $539 million over the same period

1 June 2021

Pharmaceutical importers are still awaiting payment from BDL before releasing medicines into the market, a Health Ministry spokesperson has told L’Orient Today. The ministry said last week that BDL had agreed to pay out $180 million in invoices for subsidized medical supplies

1 June 2021

Caretaker Education Minister Tarek Majzoub has set a date for the end of the school year, announcing that the 2020/21 academic year should end no later than June 30, the NNA reports

1 June 2021

The State Shura Council ruled that a BDL circular authorizing commercial banks to pay out withdrawals from so-called local US dollar accounts in lira at a rate of LL3,900 is illegal and that account holders should be reimbursed in dollars, the legal reporting site Mahkama reports

1 June 2021

In Beirut’s disaster-stricken neighborhoods, nightlife (almost) gets its rhythm back

They were under rubble, deserted. They continue to be, but only to a certain extent. In the past few weeks, the old districts of Gemmayzeh and Mar Mikhael gave the impression, at least at first...

Lyana ALAMEDDINE, 1 June 2021

The per-kilowatt-hour price of generator electricity has increased from LL980 to LL1,097 for residents of cities and other areas lower than 700 meters; the price for residents of remote areas or higher-up areas increased from LL1,078 to LL1,206, the Energy Ministry has announced

1 June 2021

The public administration employees' association announced a three-day strike beginning Wednesday to protest a full-time return to office recommendation. Employees cannot afford transportation, the union said, calling for office time to make up half of working hours at most

1 June 2021

Lebanon crisis among world’s worst since 1850s: World Bank

BEIRUT — Lebanon’s economic collapse is likely to rank among the world’s worst financial crises since the mid-19th century, the World Bank said in a damning report released on Tuesday. The report...

1 June 2021

A judge in Nabatieh has ordered Fransabank and BLOM Bank to transfer dollars abroad for tuition payments for three plaintiffs with children studying in Germany, Georgia and Ukraine, the NNA reports. The judge also ordered the banks to pay a LL10 million fine for each day of delay

1 June 2021

Economic crisis’ scale laid bare, cabinet formation talks, local Sputnik V production: Everything you need to know today

Want to get the Morning Brief by email? Click here to sign up. Lebanon’s economic crisis “is likely to rank in the top 10, possibly top three, most severe crises … globally since the...

1 June 2021