Lebanon · Country watch
Lebanon's Power Reform Talks, Nasdaq Plunge
Lebanon's electricity reform discussions advance while global markets react to U.S. political shifts.
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Lebanon's business environment sees mixed signals: electricity reform discussions progress, potentially improving energy supply, while global market volatility following U.S. political shifts impacts Lebanese investors.
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In this briefing Nasri Nasr · Mohammad Choucair · Mohammad Zakaria Qamh · Electricité du Liban · Chamber of Commerce, Industry and Agriculture of Beirut and Mount Lebanon · World Bank · Nasdaq · S&P 500 · Dow Jones · Jozef Aoun
Regulation
Economic bodies discuss electricity reform with Nasri Nasr

Economic bodies in Lebanon, led by former minister Mohammad Choucair, met with Nasri Nasr, head of Electricité du Liban, to discuss electricity reform. The meeting, held at the Beirut and Mount Lebanon Chamber of Commerce, also included World Bank energy expert Mohammad Zakaria Qamh. Discussions focused on reform measures to alleviate Lebanon's electricity crisis and establish sustainable sector practices, according to Leb Economy. The economic bodies expressed support for ongoing reform efforts and stressed the need for swift resolution of the electricity crisis.
Impact Energy suppliers and public-sector contractors in Lebanon see potential for improved operating conditions as electricity reforms progress.
Sources: Leb Economy ↗
Markets
Nasdaq plunges 5.4% amid U.S. political shifts
The Nasdaq index dropped 5.4% on Thursday, with the S&P 500 and Dow Jones also falling 4.1% and 3.2%, respectively. The declines follow significant Democratic victories in the U.S. midterm elections, which have raised concerns about increased spending in the artificial intelligence sector and economic implications of the ongoing Iran conflict, An-Nahar reports. The market reaction reflects investor anxiety over potential policy shifts and their impact on the U.S. economy.
Impact Lebanese investors with exposure to U.S. tech stocks face valuation declines as global markets react to U.S. political changes.
Sources: An-Nahar النهار ↗
Politics
Lebanon, IMF discuss financial stability law

Lebanese President Jozef Aoun met with Central Bank Governor Karim Saeed to discuss ongoing consultations with the government and the International Monetary Fund (IMF) regarding a proposed financial stability law. The discussions aim to reach consensus on measures to ensure monetary stability and recover deposits, according to Almaner News. The proposed law is part of broader efforts to stabilize Lebanon's financial system and restore confidence in the banking sector.
Impact Lebanese banks and depositors are directly affected by the financial stability law discussions, which aim to secure monetary stability and deposit recovery.
Sources: Almaner News ↗
Nothing significant reported today in Disruption · Internal tension · Safety & health · Companies · Trade.
Also today in the local press
- الدولار يتراجع قليلا مع تفاؤل الأسواق إزاء نتائج الانتخابات الأميركية — Leb Economy
- مؤشر ناسداك في أكبر تراجع منذ 19 شهراً وسط مخاوف الذكاء الاصطناعي — An-Nahar النهار
- الرئيس الإسرائيلي: سأعلن الأحد اسم المكلف بتشكيل الحكومة الجديدة — An-Nahar النهار
- فرنسا تشهد مزيداً من الاحتجاجات وماكرون يسعى لاحتواء الموقف — An-Nahar النهار
- طالباني يعلن انسحاب الاتحاد الوطني من حكومة إقليم كردستان — An-Nahar النهار
- ديون البلدان النامية تقفز 5.5% إلى 9.4 تريليون دولار في 2025 — An-Nahar النهار
- بحرب أو لا حرب... المنطقة إلى سلام؟ (فيديو) — An-Nahar النهار
- مؤشر ناسداك في بورصة نيويورك يهبط بأكثر من 5% بضغط من عمليات بيع واسعة لأسهم قطاع التكنولوجيا — Almaner News
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
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