|
Sarraf: looking beyond Lebanon for investments
|
|
May 24, 2012 02:34 AM
|
|
BEIRUT: Lebanese businesses should channel some of their investments to more promising regional economies to avert tougher economic conditions ahead, leading industrialist Jacque Sarraf said in an interview Wednesday. “Lebanese companies have to trim their operating expenses and look for...
|
|
|
|
|
Safadi: Private sector needed to reduce deficit
|
|
May 23, 2012 01:31 AM
|
|
BEIRUT: Adopting a public-private partnership law is not a matter of choice for Lebanon, Finance Minister Mohammad Safadi said Tuesday, calling for consensus on a draft law designed to ease fiscal pressures on the budget.“We cannot afford to increase the deficit ratio, and at the same time...
|
|
|
|
|
Security crisis takes toll on Beirut’s restaurants
|
|
May 22, 2012 01:55 AM
|
|
BEIRUT: 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. Restaurants in Beirut that are nearly devoid of patrons have become...
|
|
|
|
|
Tourists cancel hotel reservations in Lebanon
|
|
May 21, 2012 01:27 AM
|
|
BEIRUT: North Lebanon’s volatile security conditions could threaten the country’s peak tourist season as hotels started to report cancellations Sunday, only one day after three Arab Gulf States warned citizens against vacationing in Beirut. All except one of several hotels contacted by...
|
|
|
|
|
Mikati: Partnerships can boost economy
|
|
May 12, 2012 02:12 AM
|
|
BEIRUT: Prime Minister Najib Mikati said Friday the government is putting finishing touches on a public-private partnership draft law, expecting the law to boost infrastructure investments and help bring an end to Lebanon’s electricity woes. Mikati’s remarks came at a Q&A session...
|
|
|
|
|
Private hospitals agree to resume treating NSSF patients
|
|
May 10, 2012 01:16 AM
|
|
BEIRUT: Private hospitals will resume providing health care to National Social Security Fund patients after Lebanon’s biggest insurer agreed to triple the hospitalization cost for overnight stay in return for hiking a cap on subscription fees. “There will be no patient covered by the...
|
|
|
|
|
Political rows, regional tension impair business
|
|
May 05, 2012 01:17 AM
|
|
BEIRUT: Economic slowdown, political wrangling and the deteriorating situation in Syria give leading businessman Michel Abchee sufficient reason to be relatively downbeat about the future of the country. “We are already in an economic crisis and the situation appears to be worsening,”...
|
|
|
|
|
GLC strike fails as call for action goes unheeded
|
|
May 04, 2012 02:28 AM
|
|
BEIRUT: The General Labor Confederation suffered a major moral blow Thursday when most businesses, schools and workers refused to observe its call for a strike. Most independent labor unions as well as associations of school teachers and bank employees were even very critical of the GLC...
|
|
|
|
|
Lebanon braces for GLC strike over fuel prices
|
|
May 03, 2012 02:18 AM
|
|
BEIRUT: Lebanon is braced for a general strike Thursday as several labor unions, including public taxi drivers and Middle East Airlines employees, pledged to take part in the action over high fuel prices. The country’s public transport unions said they back the strike called for by General...
|
|
|
|
|
MENA airlines praise Beirut’s open skies policy
|
|
May 01, 2012 01:15 AM
|
|
SHARJAH, United Arab Emirates: MENA countries should follow the lead of Lebanon’s open skies policy to help the aviation sector grow to its full economic potential, said experts speaking at a conference held in the UAE emirate of Sharjah Monday. “The open sky policy at [Rafik Hariri...
|
|
|
|
|
Fuel prices to fall as oil stabilizes on world market: industry expert
|
|
April 21, 2012 01:05 AM
|
|
BEIRUT: Gasoline prices will start decreasing next week as international oil prices show signs of stability, the former president of the association of oil importers told The Daily Star. Asked whether the oil distribution companies would resort to a strike after Energy and Water Minister Gebran...
|
|
|
|
|
Bakeries scrap strike after state meets demands
|
|
April 19, 2012 01:17 AM
|
|
BEIRUT: An open-ended strike by the Union of Bakeries scheduled for Thursday was called off Wednesday as public transport unions officially announced postponing a strike until next week. The cancellation of the bakeries’ strike followed an agreement with the Economy Ministry to reactivate...
|
|
|
|
|
After talks with Mikati, public drivers delay strike
|
|
April 18, 2012 01:11 AM
|
|
BEIRUT: Public transportation unions postponed for a week a nationwide strike planned for Thursday after “positive” talks with Prime Minister Najib Mikati, but the General Labor Confederation said it would hold a general strike on May 3. The transport unions met with Mikati Tuesday...
|
|
|
|
|
Sleiman sets terms for overspending law
|
|
April 14, 2012 01:26 AM
|
|
BEIRUT: President Michel Sleiman refuses to issue a law legalizing the 2011 extra-budgetary spending unless amendments suggested by the Finance and Budget Parliamentary Committee are first introduced to the draft, said a source close to Sleiman Friday. Sleiman is empowered by article 58 of the...
|
|
|
|
|
Ministry source says government headed toward spending crisis
|
|
April 13, 2012 01:35 AM
|
|
BEIRUT: The Lebanese government could be headed toward a spending crisis if extra-budgetary expenditures are not legalized over the next couple of weeks, a Finance Ministry source told The Daily Star Thursday. The source said Finance Minister Mohammad Safadi has made it clear he will refuse to...
|
|