Lebanon

February 20, 2001

02:00 GMT

Lebanon’s Prime Minister Rafiq Hariri said Monday that the Lebanese resistance to Israel should not monopolized by any single party.

02:00 GMT

Bank of Beirut and the Arab Countries reported that overall economic activity in Lebanon declined in 2000 and was aggravated by negative performance in the 4th quarter of all indicators except for a r

February 19, 2001

02:00 GMT

The Lebanese singer Julia Putrus is making preparations to launch her new album composed by Ziad Putros and written by Nabil Abu Abdo.

02:00 GMT

The consolidated balance sheet of commercial banks for 2000 indicates the following:  Total assets reached $45.034 billion, a 10.97 percent increase from 1999.  Customer deposits totaled $37.63 billio

02:00 GMT

Arguably the Middle Eastern leader most perturbed by Friday’s attack by Hizbollah guerillas on an Israeli army convoy, in which one Israeli soldier was killed, was Lebanese Prime Minister Rafik Hariri

02:00 GMT

During an official visit to France, Prime Minster Rafik Hariri encouraged French businessmen to invest in Lebanon, adding that the Lebanese economy would receive a boost this year from around $1.5 bil

February 18, 2001

02:00 GMT

The Lebanese Council for Development and Reconstruction (CDR) announced a list of $316.7 million worth of projects expected to start this year.  The projects will cover all parts of Lebanon and will b

02:00 GMT

According to a press release issued this week, Lebanon’s monopoly state controlled fixed-line operator, Ogero, has contracted Ericsson Lebanon Communications to implement a Gigabit Ethernet Metropolit

02:00 GMT

LibanCell launched this week its new “Educational Support Program”, aimed at establishing coordination and partnership with various universities and educational centers, by agreeing to donate $200,000

02:00 GMT

The general assembly of Banque Libanaise pour le Commerce S.A.L. (BLC) elected Michael Rowehab to succeed Chafik Muharram as chairman and board member after the latter submitted his resignation. No re

02:00 GMT

HSBC Investment Bank in London issued reports this week on BLOM and Byblos banks, recommending a “Buy” for the former and a “Sell” on the latter. Byblos had previously been given a “Hold” by HSBC.

02:00 GMT

The BDL’s biweekly balance sheet revealed that its gross foreign exchange reserves increased in the first-half of February 2001 by $53.97 million, to $6,023 million. On a year-to-year basis, the BDL’s

02:00 GMT

Attention in the Eurobond market was more focused on the new corporate issue by Banque de la Mediterranee, amounting to $50 million with four years maturity, and carrying a coupon of 9.5 percent. The

02:00 GMT

Purchase subscriptions of Lebanese TBs declined 35.9 percent to LP246.33 billion ($163.4 million) at the February 8th auction as the amount of TBs maturing dropped 37.2 percent to LP182.36 billion ($1

02:00 GMT

The BLOM Stock Index (BSI) headed into a downward dive this week towards the 500 mark (half its base level of 1,000 set in January 1996), stopping just short at 508.62 but still managing to lose 8.5 p