Lebanon Businessnews News
 
Economy

Barely avoiding Grey List
through a year grace period
FATF gives Lebanon a reprieve to reform
Economy

Cash economy at $10 billion
as per World Bank estimation
“Only a few winners and a majority of losers,” says report
Economy

Minimum wage doubled
and transportation increased
Equivalent to $84 per month
down from $450 pre-crisis
Economy

IMF: Economy has stabilized
but reforms are too slow
To revisit $3 billion funding level
Economy

Balance of payments deficit
up 63 percent at $3.2 billion
Deterioration caused
by resurgence of imports
Economy

GDP is growing again
according to UN report
Economy up by 5.7 percent in 2022,
forecasted to expand by 4.6 percent in 2023
Economy

Property sales drop
in numbers and value
First downturn since 2019
Economy

IMF identifies policy reforms
to stop tax revenue drainage
The fund calls for a new income tax law
Economy

Airport passengers
up 50 percent to 6.3 million
Highest traffic recorded
in summer and December
Economy

Local Economic Development
enables economic recovery
Kevork Baboyan
UNDP Senior Local Economic Development Officer
Economy

Remittances pick up
after two-year decline
Up three percent to $6.8 billion
Economy

EU allocates $243 million
for reforms and development
Funding targets UN agencies and NGOs
Economy

Recruitment launched for
electricity regulatory body
Board hiring precondition
for World Bank financing
Economy

Drilling in block 9
set to be done in 2023
TotalEnergies announces full mobilization
Economy

The Gold is still here
shows Central Bank audit
Inspection made upon request of IMF
Economy

$5.4 billion in assistance
from World Food Programme
Over three years, benefiting 2 million
Lebanese citizens and Syrian refugees
Economy

Household spending
expected to rise next year
Growth to be driven by remittances
and cash transfers to the vulnerable
Economy

Qatar getting ready
to partner in Block 9
Lebanese government temporarily hands
former stake of Novatek to TotalEnergies
Economy

Salaries have risen but are
still below pre-crisis levels
Pay in fresh dollars is gaining ground
Economy

State electricity price
raised to 27 cents/kWh
Almost a 70-time increase but
nearly half the cost of generators
Economy
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