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Articles
4/13/2018 Najib
وكالة "بلومبرغ" الاقتصادية أن السعودية تتطلع إلى أن يكون مستوى أسعار النفط عند 80 دولارا للبرميل، لخدمة استراتيجيتها ودعم تقييم عملاق النفط "أرامكو" قبل طرحه العام الأولي
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  • As of Sunday, black market traders in Lebanon are selling the US Dollar for 15,125 LBP and buying it for 15,175 LBP. The current official rate still stands at $1 = 1,500 L.L. and the bank rate at $1 = 3,900 L.L. Lebanon is currently experiencing hyperinflation as a result of an ongoing economic crisis since the end of 2019. The Lebanese lira has been drastically falling against the previously fixed US dollar rate of $1 = 1,500 L.L. This […]

    The post Today’s Lebanese Lira/US Dollar Exchange Rate: June 20th, 2021 appeared first on The961.

  • Lebanon registered 168 new coronavirus (COVID-19) cases on Saturday, the Health Ministry revealed in its daily report on the outbreak. In the past 24 hours, 4 COVID-19 patients passed away, while 168 others recovered, raising the total number of virus-related deaths and recoveries in Lebanon to 7,815 and 529,228, respectively. The cumulative number of infections confirmed in the country so far has reached 543,267, of which 6,224 are active cases. As of the time of writing, 6,224 COVID-19 patients in […]

    The post Today’s COVID-19 In Lebanon Report: June 19th, 2021 appeared first on The961.

  • Josep Borell, High Representative of the European Union, held meetings with senior Lebanese officials on Saturday to discuss the local situation and international support. Borell first met with President Michel Aoun in the Baabda Palace, where he affirmed the EU‘s readiness to support Lebanon, only after reform conditions are met. “We have great resources and the intention to help Lebanon re-launch the Lebanese economy. But, before doing that, we must see the implementation of reforms, and the Lebanese leaders must assume […]

    The post EU High Representative: Sanctions Against Lebanese Officials Are ‘On The Table’ appeared first on The961.

  • Lebanese health inspectors have exposed a market of inedible meat in northern Lebanon. While performing a daily checkup on the Attarin Souk in Tripoli, municipal inspectors found a large quantity of “strange” meat products being sold at very low prices, according to the National News Agency (NNA). Accompanied by a municipal police patrol, the inspectors took random samples from several butcher shops and sent them to the laboratory of the Chamber of Commerce, Industry, and Agriculture in the city. A […]

    The post A Market In Lebanon Was Just Found Selling Inedible Meat appeared first on The961.

  • The Lebanese government has recently paid nearly 3 billion Lebanese pounds for various services offered by companies and individuals, without holding a bidding process. According to Gherbal Initiative, a total of LBP 2,929,940,000 was recently paid by the government for several contracts offering services such as cleaning and maintenance at various public institutions, as well as for other fees and expenditures, including rent for public schools. The data is sourced from the latest edition of the Lebanese Official Gazette. The […]

    The post Here’s Where The Lebanese Government’s Recent LBP 3 Billion Expenses Went appeared first on The961.

  • For months, the fate of the state’s subsidy of essential commodities has been one of the most prominent discussions in Lebanon. Nowadays, almost no day passes by without the mention of subsidies, either by officials and politicians or by syndicates and civil organizations. Similarly, protests and strikes, which have been commonplace in Lebanon in recent times, are rarely free from subsidy-related demands. The point is, the subject is the center of a great deal of attention, and for good reason: […]

    The post The Lifting Of Subsidies In Lebanon, Explained appeared first on The961.