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To topple or not to topple?
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May 24, 2012 02:44 AM
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BEIRUT: March 14 parties have had enough of Prime Minister Najib Mikati’s government and might take to the streets to bring it down, according to sources in the coalition. Why now? One point of view in March 14 says simply that the time is now ripe. As Mikati faces increased pressure within...
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LibanPack: Helping edible exports- interview
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May 22, 2012 01:55 AM
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BEIRUT: Nearly five years ago, 40 percent of barred Lebanese food and beverage exports were denied entry into North America, Europe and the Gulf region under the pretext of irregularities in packaging and labeling, according to a study by the Economy Ministry.However, by 2012, this percentage has...
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Journalists Union to elect new council
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May 11, 2012 02:09 AM
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BEIRUT: Nearly two years after the death of long-time Journalists Union president Melhem Karam, the body looks set to elect a successor by the end of this month. The union’s council met Thursday to set an election date, which is likely to fall between May 17 and 23, according to Elias Aoun,...
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Experts call for joint action to assist Arab states in need
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May 11, 2012 01:52 AM
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BEIRUT: A new joint cross-border Arab initiative should be launched to assist the floundering economies of states in transition to democracy, economists and financial experts said Thursday at the 20th Arab Economic Forum in Beirut. The economic situation in countries like Egypt, Yemen, Libya and...
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Online advertising untapped in Lebanon
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April 20, 2012 01:44 AM
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BEIRUT: A relatively low-speed Internet connection, a lack of expertise within the majority of advertising agencies and weak offerings by local websites are the major reasons behind the low interest in online advertising in Lebanon, industry experts say. Out of $174 million in estimated real...
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Nahhas: No correlation between wage hike, CPI
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April 11, 2012 01:27 AM
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BEIRUT: The impact of a recent government decision to increase wages is yet to materialize, Economy Minister Nicolas Nahhas told The Daily Star Tuesday, dismissing reports of a correlation between the wage hike and an increase in the average price of consumer goods. “Signs of the multiple...
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Lebanon can prosper if stability persists
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March 23, 2012 01:34 AM
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BEIRUT: If political stability persists, Lebanon is set to witness a technical rebound of 3.5 percent in gross domestic product growth in 2012 compared to 1.5 percent last year, a senior economist at Standard Chartered Bank said Thursday. “The Lebanese economy is confidence-driven because it...
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Regional unrest taxes Lebanese insurers
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March 20, 2012 01:31 AM
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BEIRUT: Regional turmoil is weighing heavily on Lebanon’s insurance companies, a top industry official told The Daily Star Monday, warning that the sector could suffer more if the crisis in Syrian drags on. President of the Association of Insurance Companies Asaad Mirza said overall...
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Syria plunges into disarray while Israel stands to benefit
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March 19, 2012 01:49 AM
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“Better the devil you know than the devil you don’t,” is a saying that perhaps best summarizes Israeli policy in terms of its relations with Syrian President Bashar Assad and his regime. The Israeli government isn’t fond of Assad’s strategic ties with Iran or his...
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Investors keen on delayed capital markets
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March 01, 2012 01:29 AM
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BEIRUT: Breathing life into the dormant Beirut Stock Exchange has long been the goal of zealous investors, regulators and brokers who feel that the bourse is no longer playing a pivotal role in the Lebanese economy. With only 12 listed banks and companies and very low volume of trading, the BSE...
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Waterfront City project promises to create more jobs
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February 09, 2012 02:54 AM
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BEIRUT: Your home, your office, your favorite restaurants and shops, an entertainment park for your kids and much more, all in one complex. An integrated community to the north of Beirut is what one real estate developer is promising to deliver as early as 2014. Fifteen km northeast of Beirut on...
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Lebanese banks cope with falling rates
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January 26, 2012 02:19 AM
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BEIRUT: A decline in deposit interest rates hinges on increased confidence in Lebanon’s political and macroeconomic performance, bankers told The Daily Star, as Lebanese banks reported waning net profit growth in 2011. Lebanon’s two largest banks Audi and BLOM reported this week a net...
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Lebanese parties use dangerous dueling tactics
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January 14, 2012 03:54 AM
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When the popular uprising against the government of Syrian President Bashar Assad erupted some 10 months ago, Lebanon’s March 8 coalition was struggling to form a Cabinet. As the crisis deepened, Hezbollah and its allies intensified their efforts to form a government that consolidated their...
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Banks’ 2012 growth hinges on regional changes
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December 29, 2011 02:18 AM
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BEIRUT: When the financial crisis ravaged the global economy in 2009, Lebanon’s banking sector profited from relative domestic political stability to achieve record-high growth. However, 2011, unlike any year in the past decade, has put the country’s resilient banking sector under...
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Syria crisis to drive up prices of Turkish imports
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December 14, 2011 01:23 AM
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BEIRUT: Lebanon will see an increase in retail prices of Turkish-made garments as of next month if instability in Syria persists, Lebanese merchants who import goods from Turkey via Syria told The Daily Tuesday. The transportation cost of Turkish goods to Lebanon has nearly doubled as the security...
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