Lebanon

March 6, 2001

02:00 GMT

The great artist Sabah returned to Lebanon in good health with her husband Fadi Loubnan.  Sabah recorded three new songs at Elias Rahbani’s studio.  The songs are “Houbak Zamano Rah,” “La Samah Allah

02:00 GMT

In its latest report covering the Lebanese banking sector, HSBC changed its valuation methodology by applying the Distributable Profit Model based on varying the cost of equity along the forecasting h

02:00 GMT

Societe des Ciments Libanais (SCL), Lebanon’s largest cement producer, reported this week that it has laid off additional 167 workers in an attempt to reduce heavy losses incurred over the last three

02:00 GMT

Local brokerage house Financial Fund Advisors (FFA) announced this week the introduction of real-time stock trading, allowing its clients to buy and sell US stocks through accessing a special web page

March 5, 2001

02:00 GMT

A week marked by the government announcing and swiftly restructuring the state-run television station and giving signs of privatizing its electricity sector within an acceptable time frame was little

02:00 GMT

Reduced demand for US dollars enabled the Lebanese pound to strengthen somewhat, appreciating in interbank trading from LP1,514-14.25 last week to close at LP1,513.75-14.25. As a result, Central Bank

02:00 GMT

Purchase TB subscriptions as well as the amount of maturing TBs witnessed a slight drop on the February 22nd auction to LP347.36 billion ($230.4 million) and LP260.69 billion ($172.9 million) respecti

02:00 GMT

Activity on the Lebanese Eurobond market was perhaps non-existent but at least extremely limited as most prices stabilized after being marked down by a percentage point or two last week.

02:00 GMT

Market turnover on the Beirut Stock Exchange decreased 2.8 percent in February from January 2001 to 905,134 shares. The only stocks, that saw any real pick-up in trade on their shares, were Solidere “

02:00 GMT

Prime Minister Rafik Hariri secured this week from his meeting in France with President Jacques Chirac, the World Bank president and European Union officials EUR500 million ($458 million) to back-up t

02:00 GMT

Casting a shadow over Hariri’s efforts to aid the ailing economy, Japan’s Rating and Investment Information R&I reported this week that it has placed its “BB+” long-term foreign currency debt rati

March 4, 2001

02:00 GMT

Lebanese movement, Hizbollah, has accused Israel of “continuing to use land inside Lebanon for military purposes."

02:00 GMT

Lebanese information technology companies will be promoting themselves at an international trade show in Paris next week.

02:00 GMT

Lebanese singer Nawal Zoghbi is going to cooperate with Cheb Mami in shooting a new duet that will feature both Arabic and French lyrics in a rhythmic Rai style.

02:00 GMT

Lebanese Prime Minister Rafiq Hariri was provided the opportunity on Tuesday, February 27, to make his case for a €500 million aid package to a group of international financial institutions at a meeti