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The Daily Star
FRIDAY, 18 APR 2014
05:57 AM Beirut time
17 °C
Blom Index
Lebanon to swap $1.6B of Eurobonds
February 19, 2014 12:11 AM
Lebanon intends to tap the local market this week to swap close to $1.6 billion of maturing Eurobonds, bankers said Tuesday.
Real estate down, but still strong
Dana Halawi | February 18, 2014 12:18 AM
Despite the recession witnessed by the real estate sector in the year 2013, Georges Chehwan, chairman of Plus Properties, is optimistic about the future following the Cabinet formation.
Businesses stocks react positively to Cabinet
February 18, 2014 12:18 AM
Lebanese businesses and stock markets reacted positively Monday to the formation of the new Cabinet as demands for quick action to rescue the economy increased.
A proposal to tackle Lebanon’s ills
Sami Atallah | February 11, 2014 12:11 AM
The socio-economic challenges that any new Lebanese government will need to tackle are almost unprecedented.
France would gain from EU growth-based strategy
Michel Rocard | December 03, 2013 12:22 AM
France is gravely ill. So ill, in fact, that Standard & Poor’s recently cut its sovereign-credit rating – the country’s second downgrade in less than two years.
Brazilian shoes want to conquer the world
November 02, 2013 12:16 AM
Classic, simple or bold, made of exotic leather or colored plastic, Brazil’s shoe industry, already the world’s third largest, inspires to go even bigger.
UAE looks to gas and nuclear power to diversify
Anthony DiPaola | October 15, 2013 12:28 AM
The United Arab Emirates, OPEC’s fourth-largest crude producer, is investing in nuclear power, renewable energy and liquefied natural gas terminals to reduce its reliance on oil, according to its energy minister.
Shutdown would shave fourth-quarter U.S. growth
Jeanna Smialek | September 28, 2013 12:18 AM
A shutdown of the U.S. government would reduce fourth-quarter economic growth by as much as 1.4 percentage points depending on its length, economists say, as government workers from park rangers to telephone receptionists are furloughed.
UK kicks off Royal Mail sale with $5.3B price tag
Kylie MacLellan | September 28, 2013 12:18 AM
Britain’s Royal Mail postal service should command a value of as much as 3.3 billion pounds ($5.3 billion) when it makes its stock market debut next month, the government said Friday as it began taking orders for the sell-off.
Connelly bids farewell to Lebanon
August 13, 2013 12:44 AM
United States Ambassador Maura Connelly praised Lebanon’s economic “potential” but had harsh words for Hezbollah during a special farewell luncheon hosted by the American-Lebanese Chamber of Commerce Monday.
Crisis-hit Cyprus returns to holiday island mode
June 15, 2013 01:04 AM
After Cyprus’ bloated banking sector was hit by a body blow this spring, sending the economy further into recession, cut-price holiday offers are attracting tourists but not the spending needed.
Business leaders warn of economic collapse over political impasse
June 12, 2013 01:18 AM
Leading business leaders warned Tuesday of total economic and financial collapse in Lebanon if the tense political and security situation did not come to a quick end.
Most Beirut properties completed in 2012 unsold
June 06, 2013 01:23 AM
Some 72 percent of residential projects in Beirut completed overthe course of 2012 with a market value just shy of $400 million are still unsold, according to a study released Tuesday by real estate adviser RAMCO.
European stocks advance on earnings
Sarah Jones | May 08, 2013 01:21 AM
European stocks climbed, extending a near five-year high for the region’s benchmark gauge, as financial companies from HSBC Holdings Plc to Allianz SE reported results that topped analysts’ estimates.
Dubai buyout firm Abraaj plans to sell majority stake in Spinneys
Mahmoud Kassem | February 13, 2013 01:00 AM
Abraaj Capital Ltd., the Dubai-based buyout firm with over $7 billion of assets under management, plans to sell its majority stake in Middle Eastern supermarket chain Spinneys, according to a person familiar with the matter.
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