Saudi Arabia’s sovereign wealth fund invested over $1 billion Monday in an American electric car manufacturer just weeks after Tesla CEO Elon Musk earlier claimed the kingdom would help his own firm go private.
Saradar Bank Friday denied claims made by the Syndicate of Bank Employees that the management of the bank did not provide 61 discharged staff sufficient compensations.
International rating agencies Moody’s and Fitch downgraded a number of Turkish banks, including Bank Audi’s subsidiary Odea Bank due to their exposure to the country’s financial crisis.
U.S.-based Global Finance magazine has named Riad Salameh as one of the world’s best central bank governors for the third time.
The Lebanese authorities Friday have suspended the implementation of the lump sum (fixed) tax in response to the appeals of the private sector.
Turkey’s high season for Lebanese tourists kicked off on a strong note in May of this year, with early bookings on well-priced package deals leading to tight...
The syndicate of Bank Employees said Thursday that Saradar Bank has dismissed a number of staff without giving them their full compensations.
The domestic political bickering in Lebanon is delaying the urgently needed structural reforms that would lift growth and reduce unemployment, the Institute...
Aggressive and undiplomatic, certainly, but also extremely effective. With nearly 50 days to go before new U.S. oil sanctions against Iran enter into force,...
The lira slipped for a third day as the euphoria surrounding last week’s rate hike fades and attention turns to the challenges Turkey’s economy faces.
European shares shuddered, then recovered, Tuesday after Beijing retaliated with new tariffs on $60 billion worth of U.S. goods, less than 24 hours after U.S....
By imposing tariffs on $200 billion more in Chinese goods starting next week, U.S. President Donald Trump has intensified his trade war with Beijing and...
Lebanon’s gross public debt rose by 4.3 percent to $82.95 billion in the first six months of 2018 compared to $79.95 billion in the same period of last year,...
Most hotels in Lebanon are barely able to break even despite a slight improvement in the number of visitors this year, the head of the hotel association...
Total assets of commercial banks up to July grew by 7.5 percent to reach $236.3 billion compared to the same period last year.
Caretaker Finance Minister Ali Hassan Khalil said Friday that despite the difficult economic situation in the country the monetary and financial system was...
Transmed – a leading regional full-service distribution company – has announced the acquisition of a majority stake in DEMAK, a leading Turkish importer and...
The joint parliamentary committees approved Thursday a proposed law aiming to ensure transparency in oil and gas contracts.
Lebanon’s private sector continued to reel under the burden of the economic slowdown despite a slight improvement in the Purchasing Manager’s Index in August,...
Lebanon’s Central Bank said Tuesday it has slapped LL6.9 billion ($4.6 million) of fines on some banks and clients for violating the rules and conditions of...
International rating agency Standards & Poor’s and some economists said Lebanon’s economy is suffering from a slowdown but it is definitely not on the verge...
A Lebanese lawmaker said Monday that close to 1.8 million citizens are not covered with health insurance.
Around 1.8 million Lebanese citizens are not covered with health insurance, the head of Parliament’s Finance and Budget Committee said Monday.
Despite three months of wrangling, Lebanon's premier-designate has been unable to form a new cabinet, threatening to paralyse the country's institutions and...
In the face of a struggling Lebanese real estate market, a group of real estate developers in the country has decided to take steps to help ameliorate the...
Construction permits in Lebanon in the first seven months of 2018 declined by 20.1 percent compared to the same period of 2017, according to the Order of...
The exports of Lebanese food and beverage products accounted for 18 percent of the country’s total exports in 2017, making the F&B industry the second-largest...
The Economist Intelligence Unit predicts Lebanon’s GDP growth to slow to 1.7 percent in 2018 due to political instability, potential military conflict and tax...
Caretaker Finance Minister Ali Hasan Khalil Monday reiterated his ministry’s readiness to support subsidized housing loans, and said the required legal...
Ahmad Harb opened his perfume shop on the main street of Beirut’s commercial Hamra district 35 years ago, and his business has weathered security and...
Moody’s Investors Service warned that the cost of debt servicing in Lebanon could reach 58.6 percent of the government’s revenues by 2021 if the fiscal...
For Mazen Rahhal, a shopowner in a bustling district of Beirut, Lebanon's economy has seldom felt more precarious. In one store, he sells clothes at a...
The Byblos Bank Real Estate Demand Index for the second quarter improved on prospects of a renewal of the housing loan program.