Left in the dark Technical problems, industrial disputes and political brinkmanship have left most of Lebanon without electricity for abnormally extended periods of time on a daily basis. Around 2,500 …
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“An irreplaceable giant”, “a veteran journalist”, “a legendary maverick”, “a press baron”, are a few of so many terms national and international newspapers used to describe Ghassan Tueni on the …
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Ziad Karkaji, Real Estate Development Manager, Premium Projects: “[The property market slowdown] will differentiate serious developers from new players who have no experience in the field, but ventured into real …
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“There will be no more adventures. Greece’s place in Europe will not be put in doubt.” Beirut MP Nabil Du Freij:“Taxes are increased when the economic conditions are improving, not …
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Eurozone debt issues dominated market headlines yet again this month. The hefty 100 billion euro bailout of Spanish banks did not calm investor nerves, neither did the Greek elections which …
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United States takes bulk of Lebanese financial sector’s foreign investment The financial sector in Lebanon had a $7 billion exposure to foreign debt and equity securities as of the end …
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More extra-budgetary spending Lebanon’s Council of Ministers agreed to approve extra budgetary spending of LL11.5 trillion ($7.7 billion) for the rest of the year, a 12 percent increase on LL10.3 …
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Political tensions, market volatility hit Solidere It has been a roller coaster ride for Solidere so far this year, mostly due to a shaky security situation in Lebanon, but also …
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NSSF raises coverage costs The National Social Security Fund (NSSF) has increased its rate to cover an overnight stay in private hospitals from LL30,000 to LL90,000. The move came after …
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“Our real GDP for the year 2011, according to national estimates, exceeded 5 percent in light of the significant improvement of activity following a freeze in the first months of …