The markets began to regain ground last month, and by mid-February the S&P 500 Index had gained 7 percent and the Dow Jones 5.6 percent since the start of the …
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MEA circles Cyprus Airways Middle East Airlines said it may bid for a stake in Cyprus Airways, the island’s loss-making airline. The Cypriot government approved a capital raise for the …
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IMF steers steady An upswing in the tourism and retail markets will boost Lebanon’s real gross domestic product by 3.5 percent this year, according to an International Monetary Fund statement …
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“Looking at the present situation in the Eurozone area one has to be more optimistic than one would have been six or seven months ago.” “There will be no more …
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RBS closing Middle East M&A arm Royal Bank of Scotland, majority owned by the government of the United Kingdom, is in talks to sell its Middle East merger and acquisition …
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Fishing for phonelines Lebanon’s telecom sector is set for a tumultuous month as the operating contracts of both mobile network operators Alfa and mtc are set to expire. Last month …
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Tragedy tumbles downward Twenty-seven victims perished after a seven-story building in the Fassouh district of Ashrafieh collapsed on the evening of January 15, while 12 more were injured, according to …
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The healthy financial results released by top Lebanese banks at the end of January 2012 offset investors’ worries over the regional security situation and its implications on Lebanon. Hence, the …
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For some it is the smoky strips of blood-red basterma hanging in glass windows in Bourj Hammoud and filling the air with leathery, spicy scents, while others have a weakness …
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Paying the bill Lebanon’s banks made an uncharacteristically political move last month when they decided to fund Lebanon’s contribution to the controversial Special Tribunal for Lebanon. The move follows a …