Lebanon Financial News

26.09 / 08:07

UPS BTC Digital MicroStrategy Bitcoin performer Bitcoin Price Prediction: MicroStrategy's Accumulation Reinforces Optimism as It Emerges as a Beacon in Lebanon's Crisis

Bitcoin's price is slightly up at just above $26,200, while the overall crypto market has risen by 0.70% to a valuation of $1.05 trillion.

19.09 / 11:27

UPS Citizens CEO Nissan country Hearings in $1 billion lawsuit filed by auto tycoon Carlos Ghosn against Nissan start in Beirut

Lebanese judicial officials say hearings in the $1 billion lawsuit filed by auto tycoon Carlos Ghosn against Nissan and other defendants have started in Beirut

15.09 / 17:44

Platform country cover IMF warns Lebanon that the country is still facing enormous challenges, years after a meltdown began

The International Monetary Fund has warned that Lebanon is still facing enormous economic challenges, four years after the country's historic meltdown began

08.09 / 16:27

MET Man Citizens Airlines Nissan Two men questioned in Lebanon at Turkey's request over 2019 escape of former Nissan tycoon Ghosn

Lebanese judicial officials say authorities in Beirut have questioned two people at Turkey's request on suspicion of being involved in the 2019 escape of auto tycoon Carlos Ghosn from Japan to Lebanon

02.09 / 15:21

UPS Citi To go Baalbek-packing in 'another' Lebanon

Beirut in Lebanon in April this year, I found myself thinking of the first time I saw footage of the August 2020 explosion of a large amount of ammonium nitrate that had been stored at the Beirut Port. A billowing cloud of toxic smoke, the flames of a fierce fire lapping its bottom and nightmarishly pushing it upwards. Earlier that day, a taxi driver, while crossing a flyover, had pointed at the silos that were at the centre of the explosion, now as instantly recognisable as Hiroshima's Genbaku/Atomic Bomb Dome. Staying in downtown Beirut, three years later, the devastation is still visible to this day.

01.09 / 10:37

Art NFT Sport Metaverse non-fungible token Adidas Unveils NFT Artist Residency with Plans for Physical Collaborations

Adidas /// Studio has announced its very own residency program for "Web3-powered" digital artists.

28.08 / 18:07

performer FIBA Basketball World Cup 2023: Where to watch, TV, live streaming, schedule, results

FIBA Basketball World Cup, the USA have registered two initial wins, cruised past Greece, and have clinched the group round. Canada defeated France, who were eliminated on Sunday after yet another defeat at the hands of Latvia. Steve Kerr has coached Team USA and led by Anthony Edwards, Jalen Brunson, Jaren Jackson Jr. and Mikal Bridges led them. The US finished seventh in 2019 and they hope for a better result this year.

25.08 / 22:49

Digital Platform Action show Monaco closes corruption probe against Lebanon's caretaker prime minister for lack of evidence

The office of Lebanon's caretaker Prime Minister Najib Mikati says a three-year probe against him and his family over corruption allegations has been closed by Monaco's judicial authorities for lack of evidence

25.08 / 22:49

Provident Cooper Man Career Flushing country cover reform NOT Lebanon's interim central bank chief vows not to lend money to government, calls for economic reform

Lebanon’s interim central bank governor has called on the country’s ruling class to quickly implement economic and financial reforms that the central bank won’t offer loans to the state and does not plan on printing money to cover the huge budget defic...

24.08 / 16:30

Provident Aviat country Traffic Air traffic controllers at Lebanon's only civilian airport to go on strike over staffing shortages

Air traffic controllers at Lebanon’s only civilian airport say they are badly understaffed and are planning to go on strike next month

24.08 / 00:53

CEO Apple Nissan star rock fall Business tycoon Carlos Ghosn's rise, fall and dramatic escape is subject of new Apple TV+ series

Carlos Ghosn, the former rock star businessman who fell from grace and fled authorities smuggled in a music instrument box, is getting what his dramatic story deserves — a multi-part Apple TV+ documentary series

24.08 / 00:53

COST UPS MET Flushing country Four years into crisis, Lebanon's leaders hope tourism boom will help bypass reforms in IMF bailout

Lebanon's political elites are pushing a recovery plan for the country's financial collapse that would allow them to sidestep tough reforms demanded by the International Monetary Fund

23.08 / 13:09

IPO Parke band performer track Sungarner Energies IPO: Check GMP, subscription status on day 3, other details to know

solar panels. Sungarner Energies Ltd offers its clients engineering, design, and solution-related services. Additionally, the company offers a variety of services, including the operation and maintenance of solar power generation systems and projects involving solar power plants.

21.08 / 15:49

IPO Booking Parke band performer track Sungarner Energies IPO: Check GMP, subscription status on day 1, other details to know

20.08 / 02:07

Binance Report Bitcoin Mining 1 BTC in Lebanon is 783x cheaper than Italy: CoinGecko

There is a significant worldwide contrast in household electricity expenses for individual Bitcoin (BTC) miners. While producing one Bitcoin in Italy costs $208,500, in Lebanon, it’s roughly 783 times cheaper, according to a recent report.

19.08 / 04:23

Align country foreign Saudi Arabia's Crown Prince meets Iran's foreign minister in highest-level talks since reconciliation

Also read: Bahrain Steel to supply iron ore pellets to Essar's green steel project in Saudi Arabia For years, Iran and Saudi Arabia had been engaged in a bitter rivalry for influence in various Middle Eastern countries. Rivalry between Iran's revolutionary, Shi'ite Muslim leaders and Saudi Arabia's Sunni ruling family dominated the Middle East. This rivalry had led to sectarian tensions and conflicts in Iraq, Syria, Lebanon, Yemen, and Bahrain.

16.08 / 18:13

Twitter BLOCK Waters Platform RIG country Offshore drilling rig arrives in Lebanese waters ahead of work near the border with Israel

Lebanese Cabinet ministers say an offshore drilling rig has arrived at its destination in the Mediterranean Sea off Lebanon’s coast and will start its search for gas in the coming weeks

15.08 / 05:15

FIVE Citizens Fighting Mobile country Lebanon's interim central bank governor freezes assets of former chief and close associates

Lebanon’s interim central bank governor has frozen the accounts of the banks embattled former chief and close relatives and associates

12.08 / 19:25

Provident Citizens Career country cover audit Forensic audit into Lebanon's central bank reveals misconduct and 'illegitimate' commissions

A forensic audit into Lebanon’s central bank by a New York-based company has revealed yearslong misconduct by the bank’s former governor and $111 million in “illegitimate commissions.”

11.08 / 08:43

Citizens Shell country US, UK, and Canada sanction Lebanon's former central bank governor over corruption allegations

The United States, United Kingdom, and Canada have slapped sanctions on Lebanon’s embattled ex-central bank governor and a handful of close relatives and associates over allegations of corruption

10.08 / 07:25

Provident LGBT Action film Pride country gay Lebanon to join the list of nations banning 'Barbie' movie, citing ‘promotion of homosexuality'

Also read: Blockbuster ‘Barbie’ becomes first-ever woman directed movie to cross $1 billion in ticket sales worldwide Mortada's action claims that the film encourages "homosexuality and sexual transformation" and contradicts the principles of faith and morality by diminishing the significance of the family unit. Consequently, Interior Minister Bassam Mawlawi has requested General Security's censorship committee, responsible for censorship decisions and under the interior ministry, to assess the film and provide a recommendation.

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