Saudi Aramco’s delayed initial public offering is sidelining grand North American expansion plans at its U.S. refining subsidiary Motiva Enterprises LLC, people familiar with the matter said, at a time when its rivals grew their market share. After dissolving a partnership with Royal Dutch Shell PLC two years ago, Motiva set out to rebuild and boost market share in the Americas. It evaluated deals for LyondellBasell Industries NV’s Houston refinery, with the Caribbean government of Curacao, and considered expanding its sole U.S. oil refinery.
Lebanon’s Central Bank last week removed $21 billion from its balance sheet in a bid to improve new accounting procedures required by international financial institutions, bankers said Tuesday.
SGBL became the third largest bank in Lebanon in terms of assets and deposits and the fourth in profitability at the end of 2018, according to Alpha report.
Moody’s Investors Service Friday maintained its stable outlook for Lebanese banks due to expected flows of customer deposits and economic growth, but warned that negative political developments were a key risk.
The market’s memory is so short when it comes to Lebanon that a few weeks of government inaction all but wiped out a bond rally fueled by Gulf aid pledges and...
Prime Minister Saad Hariri Tuesday pinned high hopes on the promising tourism industry, and said political differences meant tourists were reluctant to visit...
Prime Minister Saad Hariri said Tuesday that 12,000 Saudi tourists had visited Lebanon in the weekend directly following the lifting of a Saudi travel warning...
Infrastructure reforms pledged at last year’s CEDRE conference are the first step toward promoting lasting tourism in Lebanon, Telecommunications Minister...
The companies developing Israel’s largest natural gas field are in discussions to increase the amount of supply to Egypt beyond the $15 billion deal inked...
Deutsche Bank AG is facing resistance from top Qatari shareholders to its merger plans with Commerzbank AG, four people familiar with the matter said.
Airbus signed a deal worth tens of billions of dollars Monday to sell 300 aircraft to China, coinciding with a visit to Europe by Chinese President Xi Jinping...
A U.S. trade judge ruled Tuesday that Apple had violated a Qualcomm chipmaker patent and said she would recommend banning imports of some iPhones.
President Michel Aoun Monday called for lifting of political immunity from any corrupt individual or official in Lebanon.
London based Economist Intelligence Unit revised its GDP growth forecast of Lebanon to 2.4 percent in 2020.
Egypt indicated it’s ready to rejoin the club of major exporters of liquefied natural gas, making its biggest offer to supply the market in at least five years.
The head of the hotel owners association Pierre Ashkar said the hospitality sector in Lebanon has not yet seen any significant improvement in room occupancy...
Finance Minister Ali Hassan Khalil said Tuesday the new budget would reflect the government’s determination to reduce the fiscal deficit and proceed with...
Lebanon is expected to enter a new promising and prosperous era once the $11 billion in soft loans earmarked for the rehabilitation of the country’s ailing...
Lebanon hosted its first “Ring the Bell” ceremony Thursday to raise awareness about the pivotal role the private sector can play in advancing gender equality.
Despite a recent downgrade in Lebanon’s sovereign debt outlook, the country will have no problems rolling over 2019’s debt, experts told The Daily Star.
Carlos Ghosn, the star auto executive credited with rescuing both Renault and Nissan, left a drab Tokyo detention center Wednesday after more than three...
Lebanon has managed to draw reasonable foreign direct investments since 1997 despite the numerous difficulties and challenges facing the country, according to...
European Union states have added 10 jurisdictions to a draft tax haven blacklist, including the United Arab Emirates and Bermuda, an EU official told Reuters...
International ratings agency Standard & Poor's revised Lebanon’s outlook to negative from stable, late Friday night.
S&P Global: Lebanon outlook changed to negative on rising risks to foreign currency debt rollover
FFA Private Bank signed Thursday a memorandum of understanding with the International Finance Corporation to help improve infrastructure services in Lebanon...
Implementing a national government-driven artificial intelligence strategy is crucial to improving the Lebanese economy and is the most effective way to fight...
Lebanon’s domestic bank deposits are forecast to grow by a “conservative” $7 billion to $8 billion in 2019 compared with $5.6 billion in 2018
Central Bank Gov. Riad Salameh said Tuesday that the prices of Lebanese sovereign Eurobonds picked up again following the formation of the new Cabinet.
Lebanon’s nonlife insurance companies saw their total premiums in 2018 rise by 3.4 percent to reach $1.17 billion.
The Mushtic team from the Holy Spirit University of Kaslik won the 2019 Hult Prize Lebanon semifinals over the weekend, earning them a spot at the Hult Prize...
Telecommunication Minister Mohamed Choucair Friday promised to finish installing fiber optic cables across Lebanon as soon as possible.
Many Lebanese banks have started reducing interest rates on deposits after the formation of a government eased fears on the Lebanese currency and a run on the...