Fransabank, headed by Adnan Kassar, president of the international chamber of commerce and an ally of prime minister Hariri, has called on the government to...
The government is going ahead with a reduced tranche of its remaining $1bn bond programme into a volatile emerging debt market. Although traders said they...
MARRAKECH: A senior official at the World Bank has warned that Lebanon must urgently slash expenditure, tackle corruption and introduce widespread...
Marrakech: James Wolfensohn, president of the World Bank, cut short his visit to Morocco yesterday and flew back to Washington to deal with what he regarded...
Marrakeçh: A gathering of some of the brightest minds in the Middle East convened here last night to work out why economic development in the Arab world lags...
Lebanon’s failure to meet loan requirements has not dented the country’s relationship with the World Bank, at least in public. The international lender will...
Mohammed Hout, the 39-year-old chairman of MEA, gave a positive performance at the weekend when he signed an alliance with Air France. “We will reach...
The European Union has proposed a new sales tax to replace Lebanon’s dependence on import duties. The move is part of an EU initiative to include Lebanon in...
Less than two weeks after withdrawing a $53m loan from Lebanon’s reconstruction programme, the World Bank has decided to set up an office in Beirut. The move...
A report yesterday challenged Banque Audi’s finding of an economic slowdown in the first half of the year. In a preview of a report that will be released...
Linord, the country’s largest construction project, has taken a major step towards realisation. The Council of Development and Reconstruction (CDR) said...
The budget deficit the preoccupation of the government and the financial community grew in July. The finance ministry said yesterday that the...
In a bid to boost Lebanon’s exports to Iraq beyond the current $50m limit, a delegation of businessman yesterday met Nouri Loueis, Iraq’s ambassador to Jordan...
The government baulks at using the P-word when discussing the need to reform the public sector. But, Antoine Papadopolou, a Beirut business consultant, says...
Lebanon has lost a further $186m after the World Bank cancelled a key $53m loan to help fund the country’s reconstruction drive. Fouad Siniora, minister of...
Local oil company Coral and Air BP, the aircraft fuel arm of British Petroleum have together won an exclusive contract to provide Middle East Airlines with...
Faisal bin Fahd bin Abdel Aziz, son of the king of Saudi Arabia, has bought three apartments for $8m in Beirut. Dealers say the purchase could mark the return...
The Rest House in Tyre is under close scrutiny by the ministry of finance, Fouad Siniora confirmed yesterday. The minister of state for finance said last...
A Beirut marketing manager has come up with a plan to frustrate fraud on the Internet. Her idea is simple: think small. She has created a credit card with a...
While the government tries to encourage more lending through subsidising loans and a proposed guarantee corporation, leasing firms say that a new law is all...
One after another, publicly traded Lebanese banks have announced record results at the half-year mark. Three of the top five banks made between $25m and $30m...
Elyssar, the $1.8bn government project to develop 3.3 km2 of southwest Beirut, came under relentless attack at a public meeting yesterday. Local government...
Banque Européenne pour le Moyen Orient (Bemo) has successfully raised $15m by selling 30.2 per cent of its shares in a private placement. It plans to become...