Lebanon’s Cash Economy in Dollars Threatens Economic Recovery: World Bank Warning

Lebanon’s Cash Economy in Dollars Threatens Economic Recovery: World Bank Warning

The World Bank considered that “the cash economy in dollars in Lebanon, which is estimated at about $9.9 billion in 2022, or about half the size of the Lebanese economy, has become a major obstacle to achieving economic recovery” in a country suffering from an acute crisis. The World Bank has warned of growing dependence … Read more

“Defining a New Pact for Life at Work: Unions Meet with Government at Matignon”

“Defining a New Pact for Life at Work: Unions Meet with Government at Matignon”

The unions are received from this Tuesday, May 16 in the afternoon at Matignon to talk about work. The objective of this dialogue finally renewed after the pension reform, is to define a new pact for life at work. Until now, President Macron has mainly listened to the bosses, favoring a supply-side policy in the … Read more

US Regional Banks in Distress: Markets Await Federal Reserve Decision on Rates Amid Uncertainty and Bankruptcy Crisis

US Regional Banks in Distress: Markets Await Federal Reserve Decision on Rates Amid Uncertainty and Bankruptcy Crisis

From our correspondent in Washington, Guillaume Naudin « This part of the crisis is over “. Jamie Dimon, the boss of JP Morgan was rather optimistic Monday, May 1 after the takeover by his bank of what remained of First Republic after the bankruptcy, the third of an American bank in a month. This convinced … Read more

Lebanese Protesters Burn Tires and Demand Deposit Returns Outside Banque du Liban, Witness Reports

Lebanese Protesters Burn Tires and Demand Deposit Returns Outside Banque du Liban, Witness Reports

On Friday, angry Lebanese demonstrated in front of the Central Bank of Lebanon, burning tires and demanding their deposits, which the state seized, while other protesters attacked branches of other banks in Beirut and other cities. The severe financial and economic crisis began in Lebanon more than three years ago, while depositors are unable to … Read more

Café Show – Award for the Yemeni film “The Exhausted” at the Berlin Film Festival

Café Show – Award for the Yemeni film “The Exhausted” at the Berlin Film Festival

The film is the second work by director Amr Gamal, starring Khaled Hamdan, Abeer Mohamed, Samah Al-Omrani, Islam Selim, Roua Al-Hamshari and Omar Elias. Filmed in the city of Aden, the film revolves around a married couple who suffer from the difficult economic conditions in Yemen, forcing them to decide to have an abortion. Monte … Read more

Economic crisis in Pakistan; Fuel prices will rise again; 32 will be increased by Rs

Economic crisis in Pakistan;  Fuel prices will rise again;  32 will be increased by Rs

15 February 2023, 05:38 PM IST Congestion at Pakistan Petrol Pumps | Photo: Twitter@alokbha59102427 Islamabad: Pakistan is preparing to increase fuel prices again due to the economic crisis. Pakistani media reports that petrol and diesel prices may be increased by 32 Pakistani rupees per liter from February 16. The prices of petroleum, oil and lubricants … Read more

TotalEnergies releases the best profit in its history, the French government embarrassed

TotalEnergies releases the best profit in its history, the French government embarrassed

Published on : 08/02/2023 – 15:00 TotalEnergies generated in 2022 the largest profit in its history: more than 20 billion dollars net, according to its results published on Wednesday February 8. As for its competitors ExxonMobil or Chevron, the oil giant took advantage of soaring energy prices due to the war in Ukraine. These financial … Read more

Al-Modon – Tony Frangieh: Engineers..doctors..youth..girls for export

Al-Modon – Tony Frangieh: Engineers..doctors..youth..girls for export

distance a lot from trading And discussions and give and take, and after Lebanese experts are exhausted their thoughts out solve for crisis Economic that she suffers from Country, from Extraction Gas from Sea to me negotiations With cash desk criticism repairs, and even Export Lemon Abu bundle According to athe moment Mohammed Kawtharani, went … Read more

After a severe recession… Mikati announces modest economic growth in Lebanon

After a severe recession… Mikati announces modest economic growth in Lebanon

Lebanon has recorded limited growth of 2 percent this year after a sharp contraction due to the economic collapse that has lasted for more than three years, interim prime minister Najib Mikati announced on Thursday. Despite this limited improvement, due to several reasons, the most important of which is the increase in transfers expatriates Tourism … Read more