The Finance Ministry has been given until Tuesday to deliver required information to the Finance and Budget Committee or the committee will be forced to return the 2022 budget draft law to the government:
https://t.co/0jNpxsEnkA
The Lebanese central bank has extended Circular 161, and therefore its decision to intervene in the currency market, until the end of August, brushing aside claims of its negative impact on foreign currency reserves.
@KabalanFarah reports:
https://t.co/YxRQLUUeGw
In their first session since this year's parliamentary elections, MPs approved amendments to the bank secrecy law, a requirement towards unlocking a potential $3 billion financial assistance package from the IMF. @KabalanFarah and @JoudSally report: https://t.co/1l8UfjJ6uP
There is no such thing as a summer lull in Lebanon: Parliament to vote on banking secrecy, wheat loan and other key issues, inflation continues apace, the judicial cat-and-mouse with Salameh...
@KabalanFarah brings you our weekly financial news roundup:
https://t.co/T3usZcmQr6 \
Read @waeltaleb23 and @KabalanFarah's comprehensive roundup of the agenda of what should be a very busy first legislative session for the new Parliament:
https://t.co/mAiJwDXyxb
Lebanon's consumer prices have increased by 210 percent in the last year, with prices of water and utilities like electricity, gas, and fuel, up by almost 600 percent since last year.
@KabalanFarah reports:
https://t.co/Dj3qSdcLKN
Opposition MPs praised Monday’s long-awaited approval by the parliamentary Finance and Budget Committee of a draft law that would allow the lifting of banking secrecy from some accounts, a key demand of the IMF, @KabalanFarah and @waeltaleb23 report:
https://t.co/7IDbwohmDA
"We have repeatedly highlighted the impact of Russia’s war on Ukraine on commodity prices. … [however,] for the last two months, prices have reversed by a meaningful margin."
.@KabalanFarah brings you your weekly financial news roundup:
https://t.co/Uu7sBwdfDO
Beirut cost of living @ 120// Purchasing Power @ 15 (vs NY)
This graphic by Victor Dépré (https://t.co/i9DEwFKVkV) uses 2022 data from Numbeo to compare the cost of living and purchasing power in 578 different cities around the world, using New York City as a benchmark
The “Forces of Change” parliamentary bloc, made up of 13 MPs, on Wednesday submitted a law to Parliament that “strengthens the protection of gold reserves at Banque du Liban, report @waeltaleb23 and @KabalanFarah:
https://t.co/bhFwHVaO0a