Economy, Trade and Industry Minister Nasser Saidi expects Iraq to import $50 million worth of goods from Lebanon this year. Iraq has also agreed to renew all...
The curtain was finally raised on Tuesday on the long awaited acquisition of Metropolitan Bank by London-based Standard Chartered Bank. Clinching hands for...
The new chief of the powerful Banking Control Commission, Walid Alameddin, told Lebanese bankers on Monday that they should seize the moment and open up to...
Traders were up in arms on Friday after the government raised taxes on garments imported from Asia in an attempt to protect local industry. Calling it an...
Mohamad Hout, chairman of Middle East Airlines, defended the record of his two-year-old administration and its alliance with Air France on Thursday, despite...
The government recorded an operating surplus in January for the first time since 1997, but high payments on maturing Treasury bills left the overall budget in...
The government must show clear signs of progress on privatization before parliamentary elections later this year in order to maintain confidence in its...
George Corm prescribed a double dose of optimism and faith to help Lebanon counter the negative effects of the Israeli bombing raids on the power plants. ...
“We will continue to keep the streets clean.” This was Sukleen’s response to reports that the Council for Development and Reconstruction had suspended...
Casino du Liban is striking a more upbeat tone these days after paying off the last of its debt on Tuesday and announcing a 50-percent increase in pre-tax...
Finance Minister George Corm accused the opposition on Monday of distorting facts about the budget to try to deceive the public. The ministry was...
George Corm may not go ahead with the issue of new eurobonds this year due to unfavorable conditions in the international market. His policy has been to issue...
Saudi investments in Lebanon are expected to increase this year after George Corm’s three-day road show to the Gulf kingdom this week. “My talks with Saudi...
The Central Bank plans to issue regulations early this year to speed up the implementation of internet banking in Lebanon, Vice-Governor Fahim Mo’dad said on...
Byblos Bank managed a flat profit of $49.8 million in 1999 despite the economic slowdown, a rise in taxes and the drop in interest rates. Chairman Francois...
A recovery in oil prices combined with progress in liberalizing the economies in the Middle East has helped Arab banks to raise their profits in 1999 to $8.6...
Friday’s report from the Union of Arab Banks gave a positive forecast for Lebanon’s banking sector and the economy as a whole in 2000. The UAB estimated that...
The budget deficit figures for 1999 might be a step in the right direction, but skepticism remains among economists and financial analysts. The Ministry of...
It’s official now. George Corm has kept his promise to reduce the total budget deficit to below the 43 percent mark in 1999, defying the pessimists who said...
Work on the Arab highway, which was scrapped by the Council for Development and Reconstruction in 1998 due to the huge projected costs, will resume this year...
Khalaf al-Habtoor, the tycoon from the UAE, made it clear on Sunday that he considered his problems with the Lebanese authorities to be over. Assisted by...
Privatization might cause disasters for Lebanon if selling state-owned companies is carried out in a haphazard manner. This warning came during a debate by...
There was a mixed sense of optimism and skepticism on Thursday among economists and consultants debating Lebanon’s ability to take part in globalization by...
All economists agree that Lebanon must adopt a new economic model. But this perfect model remained elusive on Tuesday during a debate between two top...
Poverty, deprivation and illiteracy in remote Lebanese regions could trigger social upheaval and political unrest if the government does not act, Michel Musa,...