Category: Business & Legal
-
7 Important careers that are in demand into 2021
Front electronic commerce (Growth: 73%) It’s about being a designer who can create creative ads and images to support category campaigns and promotions all year round. The role of the workforce is crucial for any ecommerce business as graphic and web design are fundamental to online marketing. This category shouldn’t surprise you if you’ve started…
-
Lebanese pound marginally up against dollar
The Lebanese pound marginally went up on the black market Wednesday, trading at LL12,700 against the dollar. Exchange dealers were buying the dollar for LL12,650 and selling it for LL12,750. The greenback traded for LL12,750 Tuesday. The pound has lost nearly 90 percent of its value since the slow onset of the economic crisis in…
-
UN Chief Launches Plan To Revitalise Beirut
Against the “grim background” of the tragic August 4 explosions that destroyed much of central Beirut, UN Secretary-General Antonio Guterres has offered a new multi-agency plan to help the Lebanese people move forward. “With the launch of the Reform, Recovery and Reconstruction Framework (3RF), prepared jointly by the World Bank, the European Union (EU) and…
-
Solutions for the “Vanishing Drug” Conundrum in Lebanon: A Change in the Subsidy System Coupled with a Digital Prescribing Platform
Lebanon has been passing through multiple catastrophic crises since October 2019. The devaluation of the Lebanese pound, along with the unofficial capital control and shortage of foreign currency, continues to pose a threat to the importation and affordability of essential commodities. To ensure the availability of these commodities at affordable prices, the central bank has…
-
France to hold aid conference for Lebanon in November
France will hold a humanitarian aid conference for Lebanon in November, French Foreign Minister Jean-Yves Le Drian said Wednesday. The conference was initially planned for the end of October. Le Drian also told the French National Assembly that the Lebanon international contact group would meet in the coming days to reiterate the need for the…
-
Lebanon’s new prime minister vows reforms, but Lebanese people aren’t convinced
Lebanon’s political leaders named diplomat Mustafa Adib as the disaster-stricken country’s new prime minister on Monday, starting the formation of a new government tasked with implementing urgent reforms after the previous leadership quit en masse. But for many Lebanese citizens, hundreds of thousands of whom saw their homes destroyed in the devastating August 4 blast…
-
Adib: New govt to be formed as soon as possible
Prime Minister-designate Mustapha Adib said Monday that he hopes to form the new government as soon as possible which he expects to quickly implement necessary reforms. “There is no time for talk and promises, but now is the time to work and we will succeed in selecting a homogeneous team of specialists,” Adib said in…
-
This Is What Hariri’s Sources Had to Say About Those Protecting the Murderers
Sources close to former prime minister Saad Hariri commented on the Special Tribunal for Lebanon’s hearing, saying, “The STL has proven that it is not politicized and does not target any party, and whatever the ruling is, it is a victory for justice.” “The group protecting the murderers bears the responsibility and those who protect…
-
Lebanese pound rises for third day in a row on black market
The Lebanese pound rose for a third straight day Thursday, trading at around LL8,300 against the dollar. Money exchangers on the black market were initially selling the dollar for LL8,700 and buying for LL8,500, however the rate later dropped to LL8,500 and LL8,000 respectively. According to a person familiar with black market transactions, there was…
-
Fraud suit against Credit Libanais and two banks claims $150 million
A lawsuit filed in a New York court against Credit Libanais and two smaller banks is alleging that all three banks, separately, have issued bad checks and misrepresented their situation. At the time of the lawsuit, the plaintiffs had $5.4 million on deposit at Credit Libanais, $7.5 million at BLC Bank, and $5.8 million at…