BEIRUT: Higher budget deficits, economic stagnation and uncontrolled inflation will be among the early results of the salary scale if the Cabinet and...
BEIRUT: Lebanon officially kicked off Friday the prequalification process for oil companies to bid on offshore gas exploration, with Energy Minister Gebran...
BEIRUT: As Lebanon prepared to invite oil companies to pre-qualify for bidding on upcoming tenders, a 3-D survey showed that gas reserves off its southern...
BEIRUT: Over 40 international oil companies are expected to take part in the first gas tender in Lebanon in February 2013 amid indications that the country’s...
BEIRUT: Beirut-based BUTEC Company intends to file a lawsuit against the Energy Ministry for what it terms a violation of an earlier agreement to allow its...
BEIRUT: The expansion of Bank Audi to the huge and lucrative Turkish market is paying off as plans are afoot to increase the number of branches and staff in...
BEIRUT: Lebanese banks can reap huge benefits from the Syrian market once a political settlement is reached in the war torn country, the Secretary-General of...
BEIRUT: Financing the controversial salary scale has triggered a flood of reactions from economists, the business community and labor unions amid deep concern...
BEIRUT: The volatile situation in Syria and the sudden war on Gaza made Lebanon’s last Eurobond issue less appealing to Arab and foreign investors...
BEIRUT: Lebanon’s chances of approving a draft law to finance a controversial salary scale are dim if not nonexistent, ministers and experts say. The...
BEIRUT: Energy and Water Minister Gebran Bassil said Thursday he expects companies to be invited to start bidding for oil and gas excavation licenses before...
BEIRUT: The Parliament is unlikely give its seal of approval for the Cabinet’s comprehensive tax proposals to fund the salary scale amid wide...
BEIRUT: Excessive cash, steady growth in customer deposits and increasing provisions for non-performing loans will allow the Lebanese banks to override the...
BEIRUT: The smoking ban, weak tourism season and the tense situation in the country are prompting some restaurants to either close down or lay off most of...
BEIRUT: A leading Lebanese banker said Thursday he expected the profits of the banking sector to plunge as much as 25 percent at the end of the year in light...
BEIRUT: An international firm has estimated the volume of gas in Lebanon’s south-west corner to be close to 25 trillion cubic feet, valued by experts to...
BEIRUT: Lebanese banks have upgraded their software security systems to block any virus designed to spy on transactions and operations, the Central Bank and...
BEIRUT: Bankers and businessmen brushed off the Cabinet’s plan to raise taxes to finance the salary raises for public sector employees, while Prime...
BEIRUT: Lebanon may have more offshore natural gas deposits than Cyprus and Syria, based on a recent 3-D seismic survey, the CEO of Norway-based Spectrum...
BEIRUT: The extension by Cabinet Wednesday of Middle East Airlines’ exclusive rights may have reassured the firm’s staff that they would face no...
BEIRUT: Lebanon may be facing daunting political and security challenges, but not all investors have thrown in the towel yet on multimillion-dollar projects...
BEIRUT: Explorers will very likely find substantial quantities of natural gas and possibly oil off the Lebanese coast, according to a top executive at a...
BEIRUT: Lebanese bankers say the need to increase provisions amid the crisis in neighboring Syria has dragged down profits, but most insist that...
BEIRUT: The government of Prime Minister Najib Mikati is once again facing a new dilemma: How to secure funds for the salary hike for public sector employees...
BEIRUT: SGBL, one of the leading banks in Lebanon, recorded a net profit of $59 million in the first six months of 2012, registering an increase of 29 percent...