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...
The Beirut Traders Association is urging the government to reduce the interest rate on bank deposits, lower customs duties and apply the value-added tax...
Andre Lussi, president and CEO of Cedel Group, did not come to Lebanon for sightseeing. The head of one of the world’s leading clearance and settlement groups...
Trans Mediterranean Airways, the private Lebanese air cargo carrier, has extended special discounts to the companies making up the Beirut Chamber of Commerce...
Economists, bankers and business groups saw the prospect of a new era in Lebanon after the strongly worded speech by President Emile Lahoud in which he...
Yassin Jaber, the minister of economy and trade, Thursday backed the pricing strategy adopted by Spinneys, the $11 million supermarket which opened in Dbayyeh...
William Daley, the U.S. commerce secretary said Friday that U.S companies had missed a great opportunity to take part in reconstruction in Lebanon. “The...
A traditional Lebanese two-storey stone villa with a huge satellite dish on the roof and a prominent Michel Bousbous sculpture at the entrance makes a...
Lebanese farmers may suffer as a result of future trade agreements with Syria and Europe if new strategies are not adopted to diversify agricultural...
A reduction in Lebanon’s budget deficit may not be enough to convince ratings agencies to alter their assessment of local banks. This was the view held by...
Privatization may be high on the agenda of the new government as a means of raising revenues and reducing expenditure. This was the hint broadly dropped by...
Business at Beirut International Airport is taking off. Dutch carrier KLM is to introduce daily flights to and from Lebanon from Dec. 7. Ethiopian Airlines...
Lebanon could generate an additional $600 million in revenues if progressive taxation on incomes and profits were applied. “This would allow the state to...
Shopping in Lebanon will take on a European dimension when Beirut Terraces opens at the end of this year in the Jnah area. Hard on the heels of the opening...
Nestlé, one of the the world’s largest food companies, is looking into investing further in Lebanon. “We’re considering new investments in mineral and food...
Foreign visitors to the February shopping festival may be issued with smart cards which will record their purchases and calculate the amount of tax or duty to...
Dubai Ports Authority and its Lebanese partner Port Development Group have won a five- year contract to manage and operate the container terminal at Beirut...
A fall-off in private investments in Lebanon is being blamed for a slowdown in the nation’s economic growth. GDP growth, which was 4 percent in 1997, is...
Arak-makers are off to Baghdad this week in the hope of opening up Iraq to Lebanon’s distinctive drink. Twenty years ago Iraq imported thousands of cases a...