The newly endorsed taxes will probably affect Lebanese banks’ consolidated profits in the coming years but will not dissuade lenders from financing the state’s needs, economists and bankers said Thursday.
The newly endorsed fines on seaside properties will test the government’s determination to collect long overdue money from investors who profited for over 20 years from the absence of the state, economists said Wednesday.
Lebanon’s electricity production has exceeded 2,200 megawatts from 1,650 and 1,700 MW just a few months ago, state-owned Electricite du Liban said in a statement Monday.
Liban Cables inaugurated Friday a new 601 KW-peak solar power system to replace one of its 7 electric diesel generators with photovoltaic panels, said a statement issued by the company.
Ogero is upgrading the internet network to achieve higher connection speeds for the rest of the country by the year’s end, Ogero President Imad Kreidieh said.
The Byblos Bank/AUB Consumer Confidence Index dropped by 6.3 percent in the second quarter of the year compared to the previous quarter due to the decline in...
Lebanese lawmakers have removed some of the last remaining hurdles before the endorsement of a bill to raise public salaries as Speaker Nabih Berri sets the...
After more than two years of uncertainty, there is good news in Lebanon: The country has a new president, a national unity government and there’s hope for a...
Saudi Arabia, the Arab world’s biggest economy, started the sale of its first riyal-denominated debt in 10 months, according to people with knowledge of the...
The troubles of a local rival may bring respite to Air Arabia PJSC, the worst-performing stock among major emerging-market airlines this year.
Dutch shipowner Vroon is finding talks with banks tough going as it tries to navigate a way out of a long slump in the shipping industry.
The president struggles to legislate, but might manage to hurt trade.
The branch manager of a medium-size bank has fled the country after scamming customers out of more than $13 million, the chairman of the bank confirmed Friday.
Foreign Minister and leader of the Free Patriotic Movement Gebran Bassil called for the formation of ministerial economic committees to regularly follow up on...
Change and Reform bloc MP Ibrahim Kanaan said Thursday that he expects the Budget and Finance Committee to finalize the draft 2017 state budget next week.
As Lebanon gears up for the commencement of the first round of bidding for oil and gas contracts, Diana Kaissy, the new executive director for the Lebanese...
With the blessing of the Banque du Liban, Lebanese commercial banks hiked interest rates on dollar and Lebanese pound deposits to attract funds from local and...
Central Bank Gov. Riad Salameh Tuesday reassured the public that Lebanon’s national currency is still stable thanks to the monetary policy the bank has pursued.
While many sovereign wealth funds quietly and carefully built balanced portfolios, intentionally shying away from the limelight, the Qatar Investment...
Economy Minister Raed Khoury called Tuesday for the drafting of a clear and comprehensive economic plan to be pursued by future successive governments.
Energy and Water Minister Cesar Abi Khalil met with his Indian, Qatari and Algerian counterparts and a number of executives of major international oil...
President Michel Aoun pledged Monday to deploy more staff and security officials at Beirut Port to end all forms of tax evasion and smuggling.
The Middle East Airlines made a profit of over $1 billion since 2002 thanks to the reforms and restructuring program carried out by Chairman Mohamad al-Hout...
Economy Minister Raed Khoury vowed Monday to exert all necessary efforts to grow Lebanon’s insurance sector from $1.5 billion to $4.5 billion in premiums over...
Parliament must urgently approve the competition law in a bid to put an end to monopolies and allow new companies to enter the Lebanese market, Economy...
Traffic at Rafik Hariri International Airport increased by 7 percent in the first half of 2017, a source at the airport told The Daily Star.
Traffic at Rafik Hariri International Airport increased by 7 percent in the first half of 2017.
It’s easy to forget a time when people waited until the bank was open to withdraw cash, or when tourists got travelers’ checks issued before heading abroad.
Telecommunications Minister Jamal Jarrah Thursday said Lebanon’s telecoms sector is one of the pillars of the economy and provides huge funds to the Treasury.
President Michel Aoun Thursday reiterated his stance on developing Lebanon’s economy during a meeting with the recently re-elected president of the...
Lebanese banks are already doing extra due diligence even before the introduction of a U.S. draft proposal to tighten the noose on the finances of Hezbollah,...
BLOMINVEST Bank’s Purchasing Managers’ Index showed a further deterioration in the performance of Lebanon’s private sector economy in June 2017.
Lebanon is currently generating 2,150 megawatts of electricity but the country still needs an additional 900 MW or more to provide 24 hours of electricity...