In the face of last-minute lobbying, Farid Raphael had to use all his wit and charm to persuade members of the Association of Banks in Lebanon to re-elect him...
A $600 million payout to creditors in October combined with an overall rise in spending to increase the public deficit in the first 10 months of 1999 to 44.8...
If the Lebanese want the same services as the people in Sweden and Norway they must learn to pay taxes, George Corm said on Friday. Addressing a workshop on...
The Union of Bank Employees threatened on Thursday to call an open strike if commercial banks refuse to issue health cards for retired staff and put an end to...
Lebanon should not expect financial grants from the United States in the event of a settlement in the Middle East, the US ambassador has declared. “Don’t...
The company which rehabilitated and built Lebanon’s power stations is defending its record after the bitter criticism from Electricite du Liban’s...
The Ministry of Finance is rather pleased with itself. Ten months after George Corm was appointed finance minister his office has released an upbeat report on...
Solidere’s board of directors approved a report on mid-year results for 1999 on Thursday which showed a drop compared with 1998. The company said it would...
Senior executives of a European finance company say they are eager to securitize mortgages in Lebanon a move that could enhance capital markets and...
The Central Bank has given its preliminary approval for the United Bank of Lebanon and Banque Libanaise pour le Commerce to merge and raise the capital to $80...
Advertisers on Friday voiced their reservations about a draft law which aims at reorganizing the advertising business in Lebanon. Many advertising companies...
The privatization of electricity in Lebanon will put an end to the intervention of politicians and generate good revenues to the state, said Roudi Baroudi, an...
The head of Electricite du Liban warned on Tuesday that privatization of the power utility in its present condition may not be financially rewarding for the...
The World Bank is helping the government to privatize the power generators and restructure Electricite du Liban, Suleiman Traboulsi, minister of oil,...
The Dubai businessman who pulled out of development projects in Lebanon last year because of red tape now says he is coming back. Khalaf al-Habtoor, one of...
Due diligence is the key to a successful merger, bankers said on Friday. Speaker after speaker at the Arab banking conference in Beirut emphasized that a...
Credit Libanais turned a net profit of $19.3 million in the first nine months of the year compared with $11.3 million in the same period of 1998. Joseph...
The Lebanese and Arab banking sectors must meet the challenges of globalization or face further fragmentation. This warning was delivered by Mahmoud Abdul...
Lebanese banks should invest in high-tech industries instead of buying government Treasury bills and eurobonds, Byblos Bank chairman Francois Bassil...
Banque Audi expects gross domestic product will register slow growth in the first nine months of the year along with only a slight improvement in the...
Why is the Middle East still playing catch-up economically and technologically with the industrialized world? This was the question was posed by Finance...
A government task force sent out assurances on Thursday that all banks, financial institutions, public services, and the airport were fully equipped to fight...
Byblos Bank and the Bank of Beirut and Arab Countries are to receive loans amounting to $92 million organised by the International Finance Corporation. The...
A row over an alleged meeting between Lebanese and Israeli business groups in Cairo last week continued to reverberate among leading business groups on...
Arab countries need to introduce new taxes, implement economic reforms, speed up privatization and attract foreign investment to achieve real growth, said...