Lebanon

November 13, 2000

02:00 GMT

The Islamic Development Bank, known for offering long-term loans to governments for financing major urban and rural projects, has signed five agreements totaling $147 million for projects in Beirut an

02:00 GMT

On the face of it, trading on the Beirut Stock Exchange appeared to hit immense heights as volume skyrocketed to 7,103,883. However, as the old saying goes –“looks can be deceiving”.

02:00 GMT

Finance Bank S.A.L., which is 98 percent - owned by Intra Investment S.A.L., increased its capital for the third time in three years, from $12.45 million to $15.5 million following an extraordinary ge

02:00 GMT

Revenue from customs duties, the government’s major source of income, went up by 21.5 percent in October from September, to $128.96 million, while on a year-to-year basis it increased by 7.6 percent f

02:00 GMT

Attention in the eurobond market was more focused on non-trading activities, as expectations of a new sovereign issue mounted. Market talk suggests a bond of 3 to 5 years maturity totaling between $30

02:00 GMT

Lebanese Prime Minister Rafiq Hariri stated he plans to privatize the electricity industry and fixed line telephone connections from 2001, and to strike an association agreement with the European Unio

02:00 GMT

Hariri’s government obtained the vote of confidence from the parliament by 95 votes against 6 and 17 abstentions.

02:00 GMT

Lebanese Prime Minister Rafiq Hariri stated he plans to privatize the electricity industry and fixed line telephone connections from 2001, and to strike an association agreement with the European Unio

November 12, 2000

02:00 GMT

Rescue workers continued to search the rubble of an apartment complex near Beirut Sunday as the death toll from the building's collapse reached nine.

02:00 GMT

Lebanon's Shiite Hizbollah warned Israel Sunday against "continued aggression by air, land or sea" in Lebanon, saying that it would "cost it dear."

02:00 GMT

Two civilians were blown to pieces and another was severely injured Sunday when they drove over a mine left over from Israel's 22-year occupation of s

02:00 GMT

Virgin Megastore, the British multimedia firm, will open its first store in the Middle East here next June. The cost of the project is estimated at five million dollars.

02:00 GMT

Statistics regarding Lebanese banks were recently published in <I>Al-Hayat</I> newspaper. According to these figures, the Lebanese Audi Bank reported a net income decrease of seven percent during the

November 11, 2000

02:00 GMT

Lebanese Prime Minister Rafiq Hariri plans to privatize the electricity industry and fixed line telephone connections from 2001, and to strike an asso

02:00 GMT

Beirut's military court sentenced 52 more alleged "collaborators" with Israel Saturday, bringing to nearly 1,400 the total to be tried so far.