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Bank of Lebanon Logo

Salameh from Baabda: Circular 151 valid

Governor of the Central Bank, Riad Salameh, announced after the Baabda meeting, that “it was decided to consider Circular 151 issued by the Central Bank of Lebanon to be valid.” Salameh stressed that “the money of the Lebanese depositors is in the banks, and soon a circular will be issued to return this money to...

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Bank of Lebanon Logo

Central Bank suspends decision allowing depositors to withdraw their dollar deposits at 3900 rate

The Central Bank of Lebanon issued on Wednesday a statement addressed to banks operating in Lebanon, in which it said: “Given that the Central Bank has been informed today of the decision of the State Consultative Council No. 213/2020-2021, 6/2/2021, it has decided to suspend circular. No. 151, which allows depositors to withdraw the money...

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Mortada and Bombardiere inaugurate ancient Shamaa Castle restored by Italian government

Mortada and Bombardier inaugurate ancient Shamaa Castle restored by the Italian government

Caretaker Minister of Culture Abbas Mortada, representing Parliament Speaker Nabih Berri, along with the Italian Ambassador to Lebanon, Nicoletta Bombardier, inaugurated the ancient Shamaa Castle, whose restoration works were funded by a donation from the Italian government through the Italian Agency for Development Cooperation. The inauguration ceremony was organized by the General Directorate of Antiquities...

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Bechara al-Asmar

Asmar: Port of Beirut will be supplied with electricity 24 hours a day

President of the General Labor Confederation (GLC), Bechara al-Asmar, on Wednesday announced that contacts undertaken with caretaker ministers of Public Works and Energy, Michel Najjar and Raymond Ghajar, have resulted in a 24-hour electricity supply to Beirut Port “in order to preserve refrigerated containers and to prevent the degradation of imported food.”

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The World Bank

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

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 Tuesday. The report predicts that Lebanon’s economy will shrink by close to 10 percent in 2021 and stresses there is “no clear turning point on the horizon”. Lebanon defaulted...

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Ministry of Public Health Logo

Health Ministry: 111 new Coronavirus cases, 6 deaths

The Ministry of Public Health announced, on Monday, the registration of 111 new Coronavirus infections, thus raising the cumulative number of confirmed cases to-date to 540388.  It added that 6 deaths were also recorded during the past 24 hours.