Lebanon

January 21, 2001

02:00 GMT

Lebanon’s revenue from customs duties, the government’s major source of income, dropped by 21.58 percent in December from November 2000.

02:00 GMT

Cellular phone network operator LibanCell and National Bank of Kuwait –Lebanon (NBK) launched last week a “cell-banking” service that will enable NBK customers to carry out various banking transaction

02:00 GMT

Lebanon\'s ministry of finance released on Monday, January 15, the draft 2001 budget, before being endorsed by Parliament. The budget forecasts total revenues of $3.25 billion and spending of $6.62 bi

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.