Must try harder: Mina, Lebanon rated BB+ by World Bank
The World Bank has given the Mina municipality in north Lebanon’s city of Tripoli a positive BB+ credit rating, the municipality said in a statement over the weekend.
“According to this evaluation, the municipality’s financial situation is positive and [it is] considered an entrusted partner in financial dealings,” the statement said.
The statement said Muhanna & Co., a Lebanese financial consultancy firm, had won a contract with the World Bank to study Lebanon’s municipalities. The study was concluded on Feb. 20.
- Gulfnet collaborates on global cybersecurity platform
- Middle East poised to become an industry leader in 3D printing
- UAE Space Agency, Lockheed Martin ‘blast off’ with professional training program
- Show me the money: Lebanon addresses bank transfer delay problems
- Kuwait to receive French helicopters in $1.1B deal
- Must try harder: Arab Economic Forum addresses regional failures to raise average growth rates
- From the best of both worlds, to the worst of both worlds: Canadian citizenship no longer a 'piece of cake' for GCC expats
- Credit Suisse: Gulf region to see robust rebound in GDP growth in 2010
- A world of economic contradictions