Contractors and hospital owners are to be paid part of the $850 million they have been demanding from the government as unpaid fees. George Corm, minister of...
Industrialized nations came under harsh criticism from many developing countries on the final day of the Group of 77 meeting at UN House on Thursday. ...
Samuel Insanally, chairman of the Group of 77, warned of impending danger if developing countries rushed to lift their trade barriers. “Exposing the...
The impact of globalization on the economies of developing countries featured prominently during the ministerial meeting of the Group 77 at Escwa...
George Corm, minister of finance, won a vote of confidence and a pledge for extra loans on the day the World Bank made a commitment to open an office in...
Lifting trade barriers may have short- and medium-term risks for many developing countries, warned Carlos Fortin, deputy secretary general of the United...
Europe has pledged to give Lebanon more financial and technical aid to tackle the fiscal deficit and increase the government’s revenues. Dimitri Kourkoulas,...
Members of the United Nations Conference on Trade and Development are being urged to develop a common strategy to improve trade with developed nations. ...
A price war has developed between two travel agencies that are trying to win over the hearts and pockets of La Sagesse fans. Resotel International and...
The employees of the Arab African International Bank went on strike Monday to protest the termination of employment of 13 of their colleagues. The strike...
George Corm’s policies came under attack from one of the key advisors of Fouad Siniora, the former minister of state for financial affairs, during a lively...
The government may launch convertible bonds of state-owned companies that will be privatized in the future, George Corm, minister of finance, said on...
Lebanese banks are bracing themselves to enter a new era when the capital adequacy ratio officially becomes 12 percent. “I don’t see any problem with banks...
Bank of Beirut’s acquisition of Transorient Bank was the main driving force behind the rise in profits by 55 percent to $9.5 million in the first six months...
Will George Corm go down in history as the man who bailed out Lebanon from its highest public debt? The question may be crossing the minds of many people who...
Lebanese bankers saw the first demonstration of Internet banking Thursday, a system which is introducing a new concept of personal finance to the country. ...
Mohammed Safadi has rarely been the center of media attention. Nonetheless, this successful and multi-faceted businessman has left his mark on many business...
The Central Bank has renewed its commitment to strengthen banking control regulations to increase transparency in Lebanese banks. “Supervision authorities...
George Corm brought his top tax collecting team to repeat an unpopular theme to despondent industrialists: There is no escape from taxes if we want to reduce...
The institution that world markets watch to take their cue will arrive in Beirut on Monday to conduct a course on banking supervision for Lebanese and Arab...
The business community is expressing strong reservations about the new taxes that will be included in the forthcoming government budget. Leading bankers,...
Jammal Trust Bank has decided in principle to seek a listing on the Beirut stock exchange. Over the next year the management of this quintessential family...
A warm hug and a handshake between Safi Harb and Jean Aboujaoude sealed the long-awaited merger between Banque Libanaise pour le Commerce and United Bank of...
Banque Libanaise pour le Commerce, whose takeover by Byblos Bank ended in failure, is to merge with the United Bank of Lebanon. Safi Harb chairman of...
The balance of payments took another turn for the worse at the end of May, with a reported deficit of $193.9 million. According to the monthly bulletin of...