Lebanon

January 21, 2001

02:00 GMT

The BDL’s bi-weekly balance sheet revealed that its gross foreign exchange reserves increased in the first-half of January 2001 by $12.24 million, to $5,945 million. On a year-to-year basis, the BDL’s

02:00 GMT

Lebanese Treasury Bills (TB) subscriptions resumed their increase as they gained 15.73 percent at the January 11 auction, to LP637.63 billion ($422.97 million), while maturing bills rose 3.34 percent

02:00 GMT

Lebanon’s BLOM Stock Index (BSI) had a bumpy ride this week, all on the back of Solidere, sinking to a new all-time low of 562.56 before recovering to 580.82 at the close.

02:00 GMT

Demand for the Lebanese pound was witnessed this week, as the recent lowering of short-term rates in the U.S. has a knock-on effect on U.S. dollar rates worldwide. As a result, the spread between U.S.

January 20, 2001

02:00 GMT

Municipalities and factories in Lebanon were given a four-month ultimatum to stop dumping waste in the Litani River.

02:00 GMT

LibanCell and the National Bank of Kuwait-Lebanon (NBK) introduced a new \"cell-banking\" service on Friday that will allow the bank\'s customers to c

02:00 GMT

Lebanese Prime Minister Rafiq Hariri arrived on Saturday in Kuwait for a two-day official visit to the Gulf country, where he is to sign agreements on

January 18, 2001

02:00 GMT

The Lebanese Ministry of Post and Telecommunications intends to slice costs of telecoms, in a bid to invite foreign investments.

02:00 GMT

Lebanon\'s finance ministry said Wednesday that the budget deficit rose to a huge 56.3 percent of spending in 2000, up from 42.4 percent the year befo

02:00 GMT

Lebanon plans to introduce a sales tax on consumer products and not value added tax (VAT), as had been planned by the previous government, Prime Minister Rafiq Hariri said Wednesday.

January 17, 2001

02:00 GMT

Lebanese prime minister Rafiq Hariri will leave for Kuwait on Saturday for bilateral and regional talks.

02:00 GMT

Beirut will host an Islamic banking conference in March with the participation of more than twenty-five Arab and foreign representatives.

02:00 GMT

Lebanon\'s finance ministry said Tuesday it has proposed a 2001 budget of $6.6 billion, with expenditure totaling more than 50 percent of revenue, as the government tries to jumpstart a struggling eco

02:00 GMT

Lebanon will host a conference on transparency and risks in Islamic banking institutions in March, organizers said Tuesday, January 16. The conference—entitled "transparency, limitations, and managing

January 16, 2001

02:00 GMT

Italy will donate $250,000 to help Lebanon clear landmines in the south.