Tension hung briefly over Byblos Bank’s general assembly Monday as a small number of disgruntled shareholders took their grievances to Francois Bassil, the...
George Corm disclosed Monday a new program which would be the basis for the 2000 government budget. In a circular issued to government departments, the...
Value added tax will generate more money for the government than Customs duties, George Corm said Friday. “Most countries that have applied VAT have seen a...
Some of Lebanon’s highways should soon get a facelift after Najib Mikati, minister of public works and transport, signed contracts worth $75 million Wednesday...
Mohamed Hout’s campaign to put an end to the open-skies policy has received another blow, with the Civil Aviation Department increasing the number of flights...
Salim Hoss revealed Wednesday that $3.3 billion has been earmarked for reconstruction and development projects over the next three years. The prime minister...
George Corm presented a defense of his proposed new taxes during a debate with Gulf businessmen. Responding to a remark by a Gulf businessman that the taxes...
Najib Mikati gave business groups Tuesday what they were least expecting hard facts and astonishing candour on the state of the economy and the poor...
A rejuvenated George Corm returned to work Monday to carry on from where he left off putting Lebanon’s finances in order. The minister of finance showed...
Opera singer Luciano Pavarotti is proving that a big name can sell like hot pasta. Pavarotti, who will earn $1.2 million for his concert at the Cite Sportive...
Lebanon’s GDP is expected to rise by 4.5 percent in 1999 to register the region’s second highest growth rate, according to ESCWA projections. The report said...
Byblos Bank’s net profits in the first quarter of 1999 rose to $13.4 million from $12.6 million in the same period of last year despite the difficult economic...
Delays at Lebanon’s notoriously slow Customs are costing traders between $100 million and $250 million each year, with another $45 million in “gifts” for...
The government is determined to stamp out all types of copyright violations and promote local software companies, said Nasser Saidi, the minister of economy,...
Total assets of Lebanese banks rose to $36.9 billion in the first quarter of this year compared with $31.1 billion for the same period last year, an increase...
An indication that merchants and traders are feeling the effects of the economic slowdown can be found in a report by the Central Bank showing a drop in the...
Mohammed Hout is expected to disclose the exact losses of Middle East Airlines as the government contemplates privatizating the national carrier. The...
Trading on the Beirut Stock Exchange took a further turn for the worse in the first quarter of this year with a total value of transactions at $33.24 million...
Economists remain deeply divided on the merits of privatization in Lebanon. Najib Issa, professor of economics at the Lebanese University, has openly...
A fall in government spending in the first quarter of the year helped reduce the budget deficit to 36.2 percent, compared with 41.5 percent in 1998. But the...
A report by the Dutch bank ABN-AMRO is recommending the global depositary receipts of Banque Audi and Banque du Liban et d’Outre-Mer (BLOM) to investors. ...
Mohammed Hout brought charts, statistics and Jean-Eudes Rabut, the general manager, to support his business plan for the troubled Middle East Airlines. The...
Banque Libano-Francaise consolidated its growth last year while suggesting that intense competition on interest rates had affected its performance. BLF made...
The Cabinet will decide the fate of Middle East Airlines within the coming weeks after a special committee within the Ministry of Transport completed a full...
Khalil Hrawi, head of the parliamentary finance committee, received an unequivocal message from small businessmen and merchants: Collect the stolen money from...