Unpaid bills amounting to $333 million have been added to George Corm’s long list of outstanding invoices. This time the bills have come from the contracting...
Monetary stability in Lebanon would be threatened if the government failed to curb the bedget deficit, Habib Zoghbi, president of the Harvard Business School...
George Corm not only smiled a lot, he became positively jovial as he bantered with the press on a day when he had something to celebrate. Sitting between...
Tile- and ceramic-maker Uniceramic made a net profit of $1.05 million in 1998, thanks to an extensive restructuring program to improve production. This...
Beirut Stock Exchange had the poorest performance among nine Arab stock markets in the last three months of last year. Of the nine, only the BSE saw its...
A short-lived rumor that Beirut Riyad Bank would be bought by Ark Financial Group for $100 million has put this medium-sized bank in the spotlight. Headed by...
Fransabank has joined the list of leading commercial banks that have achieved steady growth in net profits. Profits for the bank rose to $45 million in 1998...
The government is poised to cash in its chips at the casino. Many brokers believe that Compagnie Casino du Liban, is one of the safest bets for a sell-off as...
Support was voiced Friday for the proposal to privatize the national telephone network as a means of reducing the public debt. The policy, which has been much...
The Americans have a few words of advice to Lebanon on handling the public debt: Raise taxes on gasoline, cigarettes, and coastal construction and gradually...
The World Bank is to extend a new $600-million loan to Lebanon to be used to finance infrastructure projects and support administrative and economic reforms. ...
The hotel industry faces a disaster with too many new buildings chasing too few customers, according to Pierre Achkar, president of the hotel syndicate. He...
A consortium of 18 Arab airlines have agreed a deal with a ground service company at Heathrow Airport that will save them $5 million a year. The agreement...
Despite a climate of economic slowdown last year, Banque Audi managed to increase its profits by 21 percent. The bank made $37.5 million compared with $30...
The man in charge of the country’s books makes it abundantly clear that he is in no mood to compromise on tax collection anymore. Finance Minister Georges...
Maintaining its lead for the 18th consecutive year, Banque du Liban d’Outre Mer disclosed 1998 results showing a net profit of $58.6 million, 22.7 percent...
Improving the salary of government employees and simplifying bureaucratic procedures would help combat corruption and increase efficiency, advised Ibrahim...
Prudent measures taken by Banque du Liban have helped improve the performance of the commercial banks, according to Riad Salameh, governor of the Central...
The cabinet decision to replace the board of directors at Middle East Airlines (MEA) has taken Mohammed Hout, its chairman, by surprise. Friends of Mr. Hout...
Running Beirut port for more than a year put Mohib Itani under a glaring spotlight. The former president of the port, which handles more than 80 percent of...
Fouad Siniora’s bet on a 42 percent budget deficit for 1998 missed the mark by just 1.3 percent. The Finance Ministry, under its new minister George Corm, has...
The removal of the head of the port was hailed by Elie Zakhour, president of the international chamber of shipping agencies. “The decision to terminate Mr....
Falling oil prices are expected to hit hard the economies of the Gulf states this year, according to a senior banker who is forecasting that most Gulf...
Michel Murr’s recommendation to abolish IDAL triggered mixed reactions from investors and business groups. Many of those who spoke for or against IDAL...
Bankers and brokers saw a bright future for the euro in Lebanon, although there was hardly any demand for the common European currency. The euro, which...