Lebanon

February 27, 2001

02:00 GMT

Representatives of the governments of Iran and Lebanon have signed a memorandum of understanding (MoU), according to which Iran will assist Lebanon in its economic reconstruction.

02:00 GMT

Lebanese Prime Minister Rafiq Hariri left Beirut Monday, February 26, for Paris where he is to have talks focusing on the economic crisis in Lebanon, officials said.

02:00 GMT

Lebanese Prime Minister Rafiq Hariri is to have key meetings with the World Bank and European Union this week, under French auspices, to avoid a "Turkish-style" monetary crisis, as Ankara is experienc

02:00 GMT

Lebanon’s revenue from customs duties, the government’s major source of income, increased by 28.97 percent in January from December 2000 to $94.20 million.

February 26, 2001

02:00 GMT

Nuhad Tarabay flew to Cairo to record songs for his new album.

02:00 GMT

The great artist Fayrouz has released a CD of her concert at Beit Eddine Festival in summer 2000. The CD is produced by Rotana.  The record company “S

02:00 GMT

A 32-year-old Palestinian refugee was shot Sunday in the head by unidentified assailants as he was preparing to leave his home in the Ain al-Hilweh re

02:00 GMT

The level of TB subscriptions jumped almost 69 percent to LP416.16 billion ($276.1 million) at the February 15th auction, as the amount of maturing TBs rose sharply by 88 percent to LP342.92 billion (

02:00 GMT

The local foreign exchange market was characterized by rising demand for the US dollar as market participants expressed uncertainty about regional stability and the confined tension on the southern bo

02:00 GMT

In the wake of the current deteriorating regional situation and the financial crisis in Turkey, the Lebanese eurobond market witnessed some downward pressure on prices across the maturity spectrum.

02:00 GMT

Saudi conglomerate Al-Mouhaidib Group, which includes the Giant stores supermarket chain and owns 51 percent of the United Company for Central Markets (UCCM), is currently reviewing this week’s report

02:00 GMT

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

02:00 GMT

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

02:00 GMT

The Cabinet endorsed the privatization of Electricitי du Liban (EDL)through a three-phase process.

02:00 GMT

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