The Export Development Corporation, a credit agency owned by the Canadian government, has extended a $10m credit line for Lebanon. The country has become the...
Last year, the government received $11.3m from the national lottery and put the money into the social security budget to assist good causes. All those...
The brand new, $100,000, silver Porsche 911 sits in the backyard of the 300-year-old palace in Mukhtara. The engine is an all-aluminium 300hp flat-six...
Banque Audi has announced a 46 per cent rise in profits for the first half of this year. Unaudited net profits reached $16.43m up to June, compared with...
Half-way through the fiscal year, the government is on course to meet its budget target and reduce the deficit to its lowest level in five years. A new...
Lebanese furniture-makers, drug companies and assembly plants are the first to benefit from the $50m deal signed last week under Iraq’s biannual $5bn “oil for...
A “pile them high, sell them cheap” strategy has worked for one Lebanese firm. Fahed supermarket in Jounieh has been rated the most affordable in the...
Richard Jones, the outgoing US ambassador, tried to impress on a TV audience last night that it didn’t matter so much about winning or losing but on how...
Looking at the table published daily on page eight, it looks as if you could deposit your salary on Saturday afternoon at the central bank and pick it up on...
A few hours before the start of the second day of working sessions at the Arab Food Fair in Beirut, Mohammed Heikal, an Egyptian thinker and ardent...
King of Babylon dates, Adam shaving cream and Dandi chewing gum are some of the consumer items that might find their way to Lebanon if the embargo on Iraq...
A sharp increase in the number of contractors since the end of the civil war reflects the hectic pace of construction. However projects that are currently...
The contractors association, representing more than 1,000 active contractors, remains bullish about Lebanon’s construction market despite the economic...
On a dusty Gemaizeh street one shiny showroom stands out. As plush as any sales point for BMW or Nissan, this is the only place in Lebanon where you can find...
On the day after the finance ministry announced its new and improved budget figures, building contractors complained that they were not getting paid by the...
The finance ministry announced yesterday that the average budget deficit has remained below target for the fifth consecutive month. The government is on...
Thomson BankWatch, the world’s largest bank rating agency, gave a positive assessment on two of Lebanon’s leading banks yesterday. Banque Audi and Byblos...
The economy has been growing since the civil war, yet money-changers are becoming a rare breed, legal ones at least. Mahmoud Halawi, head of the cambio...
Coca-Cola, in the unusual role of underdog, declared in Beirut yesterday that it was launching a campaign to become the biggest selling soft drinks maker in...
Lebanon has embarked on a landmark 20-year borrowing deal that aims to take the government’s new eurobond issue into the long-term debt market. If...
One of Lebanon’s leading banks is not easily impressed with the hoopla associated with the international financiers who have been descending on Beirut to win...
Austerity measures taken by the government are beginning to work their way into the economy. For the first time since the civil war, Lebanon recorded a...
Even when breaking the waves in a $28,000 jet boat the Lebanese like to stay connected. The last thing they want to worry about is getting their mobile...
Civil Centre St Charles, the Kuwaiti-Lebanese group which owns the old Holiday Inn in Beirut, plans to re-open the hotel under a different name at the end of...
Prince Alwaleed bin Talal swept into downtown Beirut yesterday in a convoy of limousines to sign on as the principal member of a development group that...