Lebanon

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

February 17, 2001

02:00 GMT

Clashes on the border between Lebanon and Israel on Friday were a breach of UN resolutions, Secretary General Kofi Annan said in an appeal for an end

02:00 GMT

A senior Lebanese industrialist accused some Arab countries Friday of putting pressure on the government to neglect trade deals with Iraq potentially

February 16, 2001

02:00 GMT

One Israeli soldier was killed and two others wounded in an attack the Lebanese Hizbollah movement in the disputed Shabaa Farms area Friday on

February 15, 2001

02:00 GMT

Lebanon’s industry minister George Frem met with his Syrian counterpart, Ahmad Hamou, in Damascus on Wednesday to discuss ways of boosting bilateral t

February 14, 2001

02:00 GMT

Lebanese police have arrested 26 people, including 10 of their own vice-squad officers, in connection with a string of illegal bars and massage parlor

02:00 GMT

The Central Bank’s trading bracket for the US Dollar ended the week at [1,501-1,514] implying an end of week average LL/USD exchange rate of 1,507.50. Lebanon’s balance of payments (BoP) recorded a cu