February 26, 2001
In response to a recent report on Byblos Bank by HSBC downgrading it to a “Sell”, and forecasting a further profit drop of 3.1 percent to $45.3 million in 2001, Byblos Bank Vice-Chairman Semaan Bassil
Figures released by the Ministry of Energy & Hydraulic Resources show that the 2000 aggregate bill for petroleum products increased by 40.39 percent to $1.136 billion compared to an increase of 29.67
The Cabinet endorsed the privatization of Electricitי du Liban (EDL)through a three-phase process.
Byblos Bank’s Vice Chairman and General Manager Semaan Bassil outlined the bank’s strategy for the future within the current economic climate. He said the bank plans to invest in technology, develop i
The Lebanese Cabinet has drafted a law to encourage more small and medium-size companies to borrow and invest. The proposal will triple the size of loans that may be backed by Kafalat, the organizatio
Lebanon signed with Iran a $100-million financial accord to provide Lebanese banks financial facilities to increase trade between the two countries trough the import of Iranian products.
Within the context of reducing the cost of doing business in Lebanon and improving the competitiveness of the private sector, the National Social Security Fund (NSSF) agreed to a significant reduction
February 25, 2001
A military court sentenced 29 people to prison terms ranging from one month to three years Saturday after convicting them of collaboration or contact
The Spanish company Sol Melio, the second largest European hotel chain, entered the Lebanese hotel sector by signing an agreement to manage the Riveria Hotel in Raouche, Beirut.
Average prices of consumer and food goods in Lebanon, based on a typical consumer basket, decreased 0.22 percent in January from December 2000 and 2.43 percent from the base date in December 1999.
Cyprus Airways revealed this week its plan to increase its Beirut flights from currently four times per week in the winter and five in the summer to daily flights starting March 25.
The Lebanese Ministry of Industry reported this week that investments in the industrial sector increased by 118 percent year-on-year to 6.7 billion Lebanese pounds ($4.44 million) in January 2001, com
As storms hit Lebanon this week, the local bourse found itself in the middle of its own kind of turbulent weather.
Ogero, the Lebanese state-owned telephone operator, is still waiting for the Post and Telecommunications Minister Jean-Louis Qordahi to approve the introduction of Integrated Services Digital Network
Lebanese Information Minister Ghazi Aridi revealed this week that Tele-Liban (TL), the state-run television station, which is currently losing $33 million annually, will lay-off its 523 employees and