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Middle East
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International
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Analysis
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JPMorgan faces new scrutiny after $2bn loss
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| Veronique Dupont | May 12, 2012 10:15 AM |
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One of the pillars of Wall Street -- bank JPMorgan Chase -- faces new scrutiny after it reports a shocking $2 billion derivatives loss that even its pugnacious chief executive calls "egregious."
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Lebanon NSSF: a creaky social mainstay with a Herculean task
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| By T.K. Maloy | May 24, 2012 02:33 AM |
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A bloated and dilapidated behemoth that for decades has been suffering from waste, poor management and mounting losses, Lebanon’s NSSF drew the public’s attention during a recent standoff between the fund and private hospitals.
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Gasoline prices down by LL1,000
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| May 23, 2012 08:33 AM |
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The price of 20 liters of gasoline declines by LL1,000 and that of diesel by LL 500 from last week's price, according to the Energy and Water Ministry.
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Transport unions call off strike but give Cabinet warning
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| May 23, 2012 01:31 AM |
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Lebanon’s transportation unions called off a strike scheduled for Thursday but warned they would resort to striking if the government fails to place a ceiling on gasoline prices by next week’s Cabinet session.
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Kafalat loans extended to SMEs reach $44.5 mln
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| May 22, 2012 02:00 AM |
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Figures released by the Kafalat Corporation showed that loans extended to small and medium companies under the guarantee of Kafalat reached $44.5 million in the first four months of 2012.
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Financial firms’ combined balance sheet at $1.1 bln
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| May 22, 2012 01:59 AM |
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Central Bank statistics showed that the consolidated balance sheet of financial institutions in Lebanon reached $1.1079 billion at end-March 2012, up by 6 percent from $1.0456 billion at end-March 2011.
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Security crisis takes toll on Beirut’s restaurants
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| By Mohamad El Amin | May 22, 2012 01:55 AM |
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Restaurants that eagerly await Arab tourists and Lebanese expatriates every summer are once more paying a hefty price because of heightened security fears and advisories by some countries warning against travel to Lebanon.
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