January 21, 2001
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
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
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.
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
Municipalities and factories in Lebanon were given a four-month ultimatum to stop dumping waste in the Litani River.
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
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
The Lebanese Ministry of Post and Telecommunications intends to slice costs of telecoms, in a bid to invite foreign investments.
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
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
Lebanese prime minister Rafiq Hariri will leave for Kuwait on Saturday for bilateral and regional talks.
Beirut will host an Islamic banking conference in March with the participation of more than twenty-five Arab and foreign representatives.
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
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
Italy will donate $250,000 to help Lebanon clear landmines in the south.