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...
Roy Badaro, one of 54 candidates for the presidency of Beirut merchants association, opened his election campaign yesterday with a warning that Lebanese...
Arab commercial banks are being advised to raise their level of performance so they can compete with foreign banks. This was the message emerging this week...
A 50-strong Malaysian trade delegation headed by Rafidah Aziz, minister of international trade and industry, proved to a Lebanese business group yesterday...
Yassin Jaber, minister of economy and trade, has again distanced himself from the government’s economic policies. He told a large audience at the Lebanese...
Uniceramic, Lebanon’s largest manufacturer and distributor of ceramic floors and tiles, is planning to inject $2m of new capital into the company to...
The recession in the Asian markets and the tight budget policies of oil-producing Arab Gulf states have prompted British companies to shift their attention to...
A rise in the number of post-dated cheques that bounce has prompted the central bank to warn banks and businesses not to accept them as payment. Fahim...
Nadim Salem, minister of industry, yesterday said that the Arab states need to increase their investment in food production, which is currently lagging...
An advisor to the International Monetary Fund said the government should not have withdrawn its proposed turnover tax. “The present taxes in Lebanon are not...
Ciment de Sibline, the third largest cement producer in Lebanon, will list its 30.2m shares on the Beirut stock exchange next year to attract more Lebanese...
The return of Spinneys to Lebanon marks a new round in the battle of the supermarkets. The company, which had a big store in Beirut before the war, will open...
Trading on the Beirut stock exchange received a dramatic boost yesterday with the listing of Byblos bank shares which were in heavy demand from enthusiastic...
Lebanese and Arab banks should recognise the fact that sooner or later, they will find themselves competing in their own domestic markets with giant...
Bou Khalil Markets announced yesterday that it has officially placed 2.5m shares for public subscription at $2.05 per share. The B shares, which are valued...
Mohammed Hout is a man with a mission not mission impossible, but certainly mission immense. He has been given just three years to rescue Middle...
Lebanese commercial banks have been to told not to give risky loans to individuals and firms to avoid the experience of banks caught up in the Asian crisis. ...