Lebanon

February 22, 2012

S&P said it continued to observe structural imbalances in the financial sector stemming mainly from sharp growth in lending
16:19 GMT

International rating agency Standard & Poor’s said Lebanon’s path to recovery over the next few years will be slow, but maintained a stable outlook of the country’s banking sector.

Nahhas, who is refusing to sign off on a transport allowance decree whose legality he disagrees with, took a seeming final step Tuesday by tendering his resignation
13:19 GMT

To legislate the transport allowance or not to legislate the transport allowance?

February 21, 2012

Arab sex symbol, Haifa Wehbe, found herself at war with the Gauls when a French website posted 'pornographic' images - allegedly her's -  from a sex tape. The singer denied it was her, accusing rival Rula Saad of a set-up, spreading these defamations. Also from Haifa's 'dossier' are snaps of her in a lingerie store taken from a 'security' camera.
17:00 GMT

Celebrities in the Arab world, as elsewhere are premium, hot stuff. They are stalked, chased, and hunted down by anything from paparazzi to people with snazzy phone cameras. Their's is a life of pressure and oftentimes distress, as they live every moment in the public gaze, devoid of privacy and the space to keep anything, let alone private marriages, from the media lens. Al Bawaba's picks of some the stars 'caught in the act' in this 'shame-show' include, possibly the usual suspects: Haifa Wehbe, Nancy Ajram, Marwa, Dina, Dunya Abdel Aziz, "Na Na" and more.

Beirut was ranked in 35th place globally and first place in the region in terms of the price of an apartment relative to its rent, or the price-to-rent ratio
16:28 GMT

Beirut apartments are still among the most expensive in the MENA region, and Lebanon’s real estate trend is unlikely to remain sustainable, said a recently issued report.

Ever since the 15-year Civil War ended in 1990, the country has faced daily power outages, which have gotten worse with time
16:00 GMT

Ironically, Lebanon, which has one of the world’s worst carbon footprints per capita, has some of the best potential for renewable energy, most of which has yet to be tapped.

Lebanon
07:42 GMT

In its latest report on investment opportunities in the MENA region, the investment bank EFG Hermes has projected a 3% economic growth for Lebanon in 2012 against 2.5% last year.

February 19, 2012

Lebanon
06:39 GMT

Lebanon's advertisement spending totaled $174 million last year, down 3.3 percent compared to 2010 ($180 million)

February 16, 2012

Barak
10:16 GMT

The Kuwaiti newspaper "Al Jareeda", citing senior Israeli sources said, Israel thwarted an assassination operation targeting its defense minister Ehud Barak while he was in Singapore earlier this week.

February 15, 2012

Web-based business greatly reduces barriers to market entry
13:14 GMT

“The only way to go is to go Web. It’s the only way to tap into a borderless market of 60 million Arabs,” Cinemoz CEO Karim Safieddine, 27, tells The Daily Star from his workstation on Hamra Street.

February 13, 2012

Around 24 percent of Lebanese firms will “definitely be hiring” in the next three months
19:31 GMT

The top five academic qualifications most desired by local employers are business management , computer science, engineering, administrative qualifications and information technology.

February 10, 2012

Tripoli
20:21 GMT

A blast reported Friday evening near Al-Jinan University in the North Lebanon’s city of Tripoli, the National News Agency reported.

February 8, 2012

The Mideastern winter milkshake that locks hunger & chill away! "Sahlab" is famous in the region as a hot winter beverage.
Variously sahlep or salep, this creamy, dairy drink, or more gelatin dessert, is sometimes taken as breakfast served with
sesame bread sticks. Made from dried powdered orchid roots, it is heated with milk, sugar & cinnamon.
22:01 GMT

In the winter months people in the Middle East are also in need of warming foods. Some of the region's nourishing and healthy winter foods can keep you warmer, and guard against winter viruses. Both sweet and savory, here are some of the Levant and Arabian seasonal specialties.

February 6, 2012

Sabeen Atallah, the hot Lebanese act, is dazzling the fans and seducing 2012 already with her music. She has in the past been professionally involved with the Rahbanis (Ghassan and Elias) and has also collaborated with Marwan Khoury.
15:08 GMT

The latest happenings from the celebrity circles of the Middle East in pictures and words!

February 5, 2012

To this date, the government and the Energy Ministry have not engaged in any serious talks with the commercial banks
16:10 GMT

Lebanese banks have offered the state a chance to take part in the rehabilitation of electricity either through a build, operate and transfer system or through a partnership with the state.

February 1, 2012

“The country has experienced a substantial decrease in financial accounts,” said the U.N
11:37 GMT

Layoffs, slumping tourism, falling construction activity and declining remittances from Lebanese expatriates have marred the performance of the economy of Lebanon in 2011, according to a United Nations report released Tuesday.

January 29, 2012

Unique strategic alliance: The enduring love affair between Iran & Syria has survived against the odds. The religious republic & secular state have made it work uniting against common enemies as Iraq in the past, Israel & the US until today. Shia state Iran will feel 
isolated in a sea of hostile Arabs if the ruling off-shoot Shia family falls.
15:27 GMT

Syria's external links: As the Syrian 'lion' rages and the regime's clampdown on opposition forces scores an alarming death-toll, the media is ridden with questions addressing the peculiar deadlock or impasse in this Arab Spring country. Since international players often seem to 'help' to determine the fate of Arab regimes, it may be prudent to examine who exactly is set to profit from this regime's seeming inevitable demise, or else retention of power should the Arab League's (shaky) Peace Plan be implemented. Which countries of the region and transregionally are praying for Al Assad's removal, and which would far rather he hung around?

January 26, 2012

The issues at the heart of the problem are now the stuff of general knowledge, and it has become very difficult to convince anyone of excuses anymore
16:03 GMT

People are now paying twice for the electricity, once to Electricite du Liban, and another for the generators that supply power to their households and businesses.

January 25, 2012

Lebanon's government, which is dominated by Iranian-backed Hezbollah, has sidestepped taking a firm stand on the Syria crisis in what observers say is a bid to avoid potential sanctions or a spillover of the violence
08:54 GMT

Lebanon has come under international pressure to abide by international sanctions on neighboring Syria, which include freezing government assets and suspending cooperation with Syria's central bank and some other banks.

January 24, 2012

By allowing the government to find new sources of funding without resorting to direct taxation of income, thus bypassing socialist principles in favor of more passive methods of taxation, Lebanon can succeed in empowering its youth and advancing its economy
16:30 GMT

As the resources of the government are limited, it is only natural that sacrifices must be made by many layers of society to provide the funds necessary to ensure welfare.

January 22, 2012

@QueenRania: Rania Al Abdullah is the savvy Queen to Jordan's King. His First Lady trail-blazed Royal tweeting early in 2009. She tweets between Arabic & English to promote peace through education & entrepreneurship, while celebrating Jordan. In Twitter years, she is an old-hand at working the Social Media playground for her charity agenda.
10:39 GMT

Al Bawaba's pickings of some of the more colorful Tweeps operating in the Middle Eastern Twitter-sphere include friendly Lebanese politicians and singers to the actively engaged Emirs and Queens of the region. Which Arab politicians or celebrities are dominating the Twitter-verse?

January 17, 2012

The study looks at the level of freedom in four main sectors: rule of law, limited government, regulatory efficiency and open markets
17:30 GMT

Lebanon's economy ranked as the 10th most liberal in the Middle East and North Africa region (MENA) and 90th in the world, according to the 2012 Heritage Foundation Index of Economic Freedom.

January 10, 2012

The agency said that it could raise the ratings in case of a decline in political risks and if there is a significant improvement in government finances
14:52 GMT

Moody’s indicated that it would downgrade Lebanon’s ratings in the case of a substantial and sustained withdrawal of bank deposits from the country, which would threaten the banks’ willingness and ability to finance the government.

January 9, 2012

“We were expecting a more active start of the year after the holidays, but so far it’s been disappointing,” said Carole Sassine
07:23 GMT

Total shares traded reached 214,382 this week, as average daily trading dropped by half to 71,461 shares compared to 143,480 shares in the final week of 2011.

January 8, 2012

Mike Feghali: Keeps his telling eyes on Lebanon: 2012 sees electricity surge - better prices, less cuts. A Jewish heritage site will be discovered in Aqar; A religious miracle brings wondrous visitors to Lebanon; Even Liban is not immune to the smoking ban's reach. He foresees an international crime, on a scale bigger than 'Harriri'.
13:30 GMT

A run-down of the top predictions from the prominent men and women in their field of regional 'predicting' and fore-casting. These Arabian 'predictors', primarily for the Arab world but also for the global future, share some of their ominous foresights for the year ahead.

January 2, 2012

Burj Khalifa goes up in flames-- of the pyrotechnic variety-- in an impressive display of light to welcome in the New Year, 2012.
10:36 GMT

Spectacular displays of an assortment of firework displays welcoming in the New Year of 2012.

December 31, 2011

The Syrian crisis has been escalating, and the last Friday of 2011 saw a climactic spate of protestor killings, using nail bombs. The opposition is defiant, and as the death toll rises so does the volume of protests - fortified in the knowledge that the Arab League (following sanctions) are in town on their mission to halt the regime crackdown.
16:41 GMT

As the year comes to close, many are relieved that a year of stormy clouds and unabated anger is behind us. Things can only get better or is there still worse to come? In 2011, it turned out that we could not forecast the range of violent weather, nor could we predict the rage of people. From the Gulf to the Caucuses, and from the USA to Japan the world felt pain in 2011.

December 29, 2011

Maher al-Assad
20:41 GMT

A member of the Lebanese opposition Future bloc, MP Khaled Daher, was quoted as saying on Thursday that he had received information "more than confirmed" about the disappearance of Maher al-Assad

The turmoil in Syria, which is weighing on Lebanese banks operating there, will have minimal impact on banks because the affiliates account for a small percentage of profits, Nassib Ghobril, head of Economic Research at Byblos Bank said
08:46 GMT

The year 2011, unlike any year in the past decade, has put the country’s resilient banking sector under pressure on three fronts simultaneously.

December 27, 2011

Moussa al-Sadr
17:00 GMT

The Shiite spiritual leader Imam Moussa al-Sadr,, who went missing in Libya during a 1978 visit , died of natural causes in a Tripoli prison 20 years later

December 25, 2011

Dubai does it biggest and brightest! While not yet a public holiday in the UAE, you'd be forgiven for thinking you were in a festive Christmas conforming country if the malls were anything to go by. Here a tree placed to stand proud near the soaring Burj al Arab.
03:01 GMT

Christmas is observed in some Middle Eastern countries, by local peoples as well as by expatriates. How do these some 10 million Christian 'Arabs' living in the Middle East mark Christmas, with most living in Egypt, Lebanon, Syria and Palestine? Christmas visits smaller Arab Christian populations in Jordan, Iraq, and even some of the Gulf states.