Tripoli Port marks growth with return of one of world's largest container ships
The vessel is part of a major shipping route in the Eastern Mediterranean and has been designated by CMA CGM as a key transshipment hub in the region.
Around 2,600 containers are expected to be loaded and unloaded, including 1,200 destined for the local market.
Tamer noted that container traffic at the port has increased by about 20 percent since the beginning of the year compared to the same period last year.
He believes this record reflects growing confidence in the port's efficiency and services.
'This growth is a strategic opportunity with a direct impact on the national economy, state revenues, and job creation in Tripoli and the north,' Tamer said, adding that the port serves as an economic driver within a broader development vision.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Nahar Net
2 hours ago
- Nahar Net
Wall Street holds steady following mixed set of profit reports
Wall Street is holding relatively steady on Wednesday following a mixed set of profit reports from such giants as McDonald's and The Walt Disney Co. The S&P 500 was up 0.2% in early trading. The Dow Jones Industrial Average was up 18 points, or less than 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.4% higher. McDonald's and Shopify rose following their profit reports, while Super Micro Computer tumbled after its earnings and revenue for the latest quarter came in below analysts' expectations. Disney fell after its earnings beat forecasts but its revenue fell short The mixed trading continues a cooldown for the U.S. stock market after it swung from its worst day since May on Friday to its best since May on Monday. Worries are high that President Donald Trump's tariffs may be hurting the economy, but hopes for coming cuts to interest rates by the Federal Reserve and a parade of stronger-than-expected profit reports from U.S. companies have helped steady the market. McDonald's climbed 2.5% after the restaurant chain reported stronger profit and revenue for the spring than analysts expected. Its U.S. locations benefited from customers paying more at each of their visits, while a meal tied to the "Minecraft" movie proved to be a hit. Shopify jumped 22.4% after the company, which helps businesses sell on the internet, said it made more in revenue last quarter than expected. Analysts also said the company's forecast for revenue in the current quarter suggests the strong trends are continuing. Arista Networks was one of the strongest forces lifting the S&P 500 and leaped 14.8% after the networking company delivered a bigger profit for the latest quarter than expected. Its forecast for revenue in the current quarter also topped forecasts. They helped offset a 16.9% drop for Super Micro Computer, which gave back some of the huge gains the server maker has made recently. Super Micro came into the day with a nearly 88% gain for its stock so far this year, but it reported weaker profit and revenue for the latest quarter than analysts expected. It also gave a forecast for profit in the current quarter that fell short of what Wall Street had penciled in. Chip company Advanced Micro Devices fell 5.3% after its profit for the latest quarter only matched analysts' expectations. Analysts said the company's financial forecasts for upcoming results also looked solid, but that may not have been enough for investors after its stock had already soared 44.3% for the year so far coming into the day. Disney dropped 4.2% after its profit beat forecasts but its revenue fell short. The NFL also announced that it had entered into a nonbinding agreement with Disney's ESPN, which will give the sports broadcaster the NFL Network, NFL Fantasy and the rights to distribute the RedZone channel. The NFL will get a 10% stake in ESPN in the proposed deal. Companies are under pressure to deliver bigger profits in order to justify the big gains their stock prices have made since the U.S. market hit a low point in April. The S&P 500 is just a bit below its record, which was set late last month, and the big rally fueled criticism that the broad market has become too expensive. In the bond market, Treasury yields also held relatively steady. The yield on the 10-year Treasury remained at 4.22%, where it was late Tuesday. It's still well below where it was late last week, before a much weaker-than-expected report on the U.S. job market ignited worries that Trump's tariffs are pushing employers to hold back on hiring. That report has traders on Wall Street betting heavily that the Federal Reserve will need to cut interest rates at its next meeting in September. Such cuts can give investment prices and the economy a boost, but they also can push inflation higher. In stock markets abroad, indexes rose modestly across much of Europe and Asia.
LBCI
7 hours ago
- LBCI
Beirut Airport sees sharp rise in passenger traffic in July 2025
Passenger traffic through Beirut's Rafic Hariri International Airport witnessed a significant surge in July 2025, marking the busiest month of the year so far and reflecting growing inbound travel to Lebanon. According to official data, the total number of passengers reached 873,095 in July alone—a 16.25% increase compared to July 2024. The most notable rise was in the number of arrivals, which jumped 15.3% year-on-year, reaching 474,273 passengers, up from 411,320 in July of last year. Departures also saw a 17.49% increase, with 398,617 travelers leaving the country. However, transit passenger traffic dropped significantly, falling 55.8% to just 205 passengers. Flight activity also rose, with a total of 5,990 flights recorded during July—a 5.75% increase compared to the same month in 2024. This included 2,997 inbound flights (up 5.82%) and 2,993 outbound flights (up 5.68%). Cumulatively, the total number of passengers through the airport from January through July 2025 reached 3,872,223, marking a 3.23% increase over the 3,750,999 recorded during the same period in 2024.
L'Orient-Le Jour
8 hours ago
- L'Orient-Le Jour
Finance Ministry wants to reassess Lebanese banks' real estate, land assets
On Tuesday, the Finance Ministry issued a decision outlining the provisions related to the revaluation of real estate assets seized by banks due to their clients' failure to repay debts, as well as the revaluation of their other real estate and land assets. In this decision, the Ministry specifies the exchange rate that banks must use for these revaluations, given that the lira exchange rate to the dollar has significantly fluctuated since the onset of the Lebanese economic crisis in 2019, until achieving stability in the summer of 2023.'This mechanism, whose aim is purely fiscal and accounting in nature, is intended to adjust the accounts of Lebanese banks. It follows and complements Law No. 330 of 2024,' said Nadim Daher, a certified public accountant and member of the Lebanese Association for the Taxpayers' Rights. More on banks'...
