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BUSINESS

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The lights were always going to go out: inside Lebanon's electricity affair
April 24th, 2026 - 09:42 GMT
Al Bawaba Staff

Al Bawaba Staff

The lights were always going to go out: inside Lebanon's electricity affair

As per Lebanese regulation, before any fuel cargo is accepted into Lebanon, it must undergo laboratory testing. And the body responsible for said testing? The Ministry of Energy. Électricité du Liban, the state-owned electricity company, relies heavily on fuel imports as it still uses fossil fuels. Surprisingly enough, the World Bank attributes nearly half of Lebanon's public debt (around $40 billion) to the electricity sector. Despite years of massive spending ...
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Gold prices in KSA Today Tuesday 27 June 2023
June 27th, 2023 - 05:33 GMT

Gold prices in KSA Today Tuesday 27 June 2023

Gold prices in Doha Today Tuesday 27 June 2023
June 27th, 2023 - 05:28 GMT

Gold prices in Doha Today Tuesday 27 June 2023

Gold prices in UAE Today Tuesday 27 June 2023
June 27th, 2023 - 05:21 GMT

Gold prices in UAE Today Tuesday 27 June 2023

UAE GDP up 7.9% in 2022
June 26th, 2023 - 01:17 GMT

UAE GDP up 7.9% in 2022

Binance Dubai, Coinbase eye UAE as next major crypto hub
June 26th, 2023 - 12:48 GMT

Binance Dubai, Coinbase eye UAE as next major crypto hub

China markets down, demand declining
June 26th, 2023 - 11:33 GMT

China markets down, demand declining

Stocks fell, gold up on Russia's aborted Wagner mutiny
June 26th, 2023 - 10:42 GMT

Global stocks down, gold up on aborted Wagner mutiny

Oil prices up on possible turmoil in Russia
June 26th, 2023 - 09:47 GMT

Oil prices up on possible turmoil in Russia

Muscat stock exchange receives liquidity fund of $259.9m
June 26th, 2023 - 08:32 GMT

Muscat stock exchange receives liquidity fund of $259.9m

Al Salam Bank Launches New ID Card ATM Service
June 26th, 2023 - 08:21 GMT

Al Salam Bank Launches New ID Card ATM Service

Samsung SmartThings Expands Partnership with Philips Hue to Create Immersive Movie, Music & Smarthome Lighting Experiences
June 26th, 2023 - 08:18 GMT

Samsung SmartThings Expands Partnership with Philips Hue to Create Immersive Movie, Music & Smarthome Lighting Experiences

Saudi Aramco CEO forecasts strong oil market
June 26th, 2023 - 07:46 GMT

Saudi Aramco CEO forecasts strong oil market

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