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...
Privatization and taxes are sinking deep into the minds of many Lebanese as they face new economic challenges in 1999. According to the findings of Banque...
Additional light has been shed on the infighting between the management and staff of Middle East Airlines following a statement by the Lebanese Pilots...
Mohammed Hout, chairman of Middle East Airlines, tried to turn the tables on his critics at an end-of-year lunch for the Lebanese press. The chairman took the...
The government will not be able to carry out further reconstruction or reduce the deficit if it does not increase taxes and customs duties. This is the...
The Co-Op has taken competition with its main supermarket rivals one step further by announcing that it will offer all fruit and vegetables at cost price...
There were more questions than answers in the highly anticipated 18 page ministerial statement, especially on the manner of reducing the public debt. One of...
George Corm, minister of finance, has asked the World Bank to help the government conduct a survey and analysis of ministries, with a special emphasis on...
Bou Khalil markets, the largest supermarket chain in Lebanon, will list its shares next week on the junior market of the Beirut Stock Exchange. This will...
Fransabank, the sixth largest bank in Lebanon, has made its second acquisition since the end of the war by buying all the shares of Universal Bank. The...
George Corm, the minister of finance, assumed his new responsibilities with a pledge to bring drastic changes to the economy, which he described as “delicate...
Fouad Siniora, the former minister of state for financial affairs, has openly accused the ministries of defense, interior and health of overspending. “I...
Nasser Saidi, the new Minister of Economy, Trade and Industry, spent his last day as a bank governor issuing advice to the government he was about to join. ...
With Salim Hoss confirming that one of the new government’s top priorities would be tackling the country’s economic woes, attention has been turning to Riad...
The 1997 consolidated balance sheets of insurance companies has raised new questions about the ability of many local firms to stay in business. One estimate...
Bankers set the new prime minister two priorities: reduce the deficit and work on generating more revenues. Elias Aractingi, adviser to the chairman of...