March 6, 2001
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
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
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
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
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
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
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
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.
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 “
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
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
Lebanese movement, Hizbollah, has accused Israel of “continuing to use land inside Lebanon for military purposes."
Lebanese information technology companies will be promoting themselves at an international trade show in Paris next week.
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.
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