December 18, 2000
Lebanon’s minister of industry, George Frem, introduced a 12-point “rush” program, which he said was designed to lower production costs for industrialists and increase the competitiveness of locally m
Lebanon’s finance minister, Fouad Siniora, has announced that the government will extend a subsidy program which would reduce the cost of borrowing for small- and medium-sized businesses.
December 17, 2000
Lebanese President Emile Lahoud rejects any potential change in the Palestinian position on refugees\' right of return, insisting that refugees in Leb
Casino du Liban has paid $13 million to the Treasury this month in response to the Finance Ministry\'s demand for a share of slot-machine revenues, th
Russia is considering “suitable ways” of participating in the removal of thousands of landmines planted by Israel during its 22-year occupation of the
A memorandum of understanding was signed on Friday by the energy ministers of Lebanon, Egypt and Syria for the building of a $1bn gas pipeline.
Finance Minister Fouad Siniora declared that the government would extend a 1997 subsidy program in an attempt to reduce interest on commercial loans for projects in the tourism, agriculture, industria
The eurobond market was mostly quiet last week, except for some attention paid to the new four-year $400 million sovereign bond issued by the ministry of finance last week in a deal managed by Credit
The higher volume this week on the Beirut bourse, up 57.8 percent at 223,888, is somewhat deceiving as an indicator of activity, as 89 percent of that total was concentrated in Solidere “A”.
Heading towards year-end, the local foreign exchange market stood relatively quiet with the limited demand for US dollars being absorbed comfortably by banks, thus allowing the Central Bank to remain
Lebanon’s central bank governor, Riad Salameh, stated this week that the recent reduction in customs duties along with the introduction of the open skies policy “can help GDP growth to reach three per
Lebanon, Syria and Egypt signed an estimated one-billion-dollar deal Friday for the transport of Egyptian and Syrian natural gas for sale locally, regionally and in Europe.
Activity for the Beirut Stock Exchange was subdued for the week, with sentiment still in a wait-and-see mode, as markets await draft budget activity.
Allied Business Bank SAL (ABB), one of Lebanon’s medium-size banks, launched a new loan product targeting newlywed couples.
Lebanon issued a $400 million Eurobond due in 2004 at a fixed rate of 9.5 percent, or a spread of 410 basis points over similar US treasuries.