Commercial banks’ total assets and deposits in June rose by $33.219bn and $28.086bn respectively (1.1 and 1.4 per cent) in comparison to last May,...
Lebanese commercial banks are not keen to add some of the Islamic banking principles to their list of services and portfolios, according to Kamal Nasser...
The draft law to streamline the fragmented insurance sector is expected to compel more than 70 per cent of insurance companies to sell their portfolios to...
Osama Damej, a former army officer, has been confirmed as the man who will run Beirut’s international airport. Appointed as general manager of Middle East...
On the eve signing an alliance with Air France, Mohammed Hout, chairman of MEA, is under criticism from influential political figures who think the financial...
A fall in Lebanon’s economic growth from three per cent in the first half of 1997 to two per cent over the same period of 1998, was the central finding of...
The campaign to convince people to take out bank mortgages or housing loans is being fought out in the pages of newspapers, where advertising...
When Yassin Jaber rides up to his tenth floor office in Hamra he passes through a ministry building that is rather like a layered cake. Some floors are bright...
The government is to order a drastic reduction in the import of seed potatoes in an attempt to control the potato supply and strengthen prices on behalf of...
A government decree to turn 2m metre2 of land near Tripoli into a massive real estate development project will make life in the area a “living hell”,...
The decision of Middle East Airlines to buy ten new planes has raised the question of how the airline will raise the money to finance the purchases. The...
Lebanon’s postal service is to be privatised. The cabinet has chosen the Canadian company Profac to run the post for 12 years, renewable for another three...
Middle East Airlines will be looking for finance from Beirut banks for ten new planes, but they may have to convince a sceptical market that they are a...
Hyper inflation, high unemployment and tumbling depreciation of the Lebanese pound were bleak images of Lebanon between 1990 and 1992. The Lebanese economy...
Fitch IBCA, the international rating agency, has maintained its long-term BB- rating of Lebanon, despite noting the improvement in the first five months of...
Banque du Liban is pressing the current MEA board of directors to investigate the company’s losses in 1996 which are estimated at $100m. Pierre Kanaan, the...
The Beirut Merchants’ Association elected a new council yesterday after last-minute intervention by prime minister Rafik Hariri and speaker Nabih Berri broke...
The election of the new 24 council members of Beirut’s merchants association tomorrow seems to be heading for a rapid conclusion. Roy Badaro, who was one of...
Rafik Hariri, the prime minister, yesterday told a visibly stunned audience of leading building contractors that they were “doing a very poor job”. “The...
Rafik Hariri rebuked the country’s contractors yesterday for shoddy work and told them they had only themselves to blame for any financial difficulties they...
Banque du Liban says measures to modernise and upgrade the “inefficient and politicised public administration” are necessary to boost investment in Lebanon. ...
Middle East Airlines is planning to doub\le its fleet of aircraft in service from nine to 18. The company is studying offers from Boeing and Airbus with a...
Lebanese bankers and businessmen are learning a trick or two from an oil-rich state that can attract investors from all corners of the world. The UAE, one of...
Real estate developers are beginning to feel becalmed in what they view as a stagnant market. Statistics released for 1997 show that property transactions in...