Francois S. Bassil is chairman and general manager of Byblos Bank. Given how Lebanese banks survived the financial crisis virtually unscathed, Executive presented Bassil with some questions about the Lebanese…
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Byblos seeks extra $250 million After obtaining shareholder approval on February 19, Byblos Bank is set to proceed with a $250 million capital increase, to be completed by the end…
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If Lebanon used its natural resources to its advantage, oil could be one of its main crude exports — olive oil, that is. With the ideal climate for olive growing…
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Imagine you are the chief executive officer of a major multinational company. Your core business is selling fast-moving consumer goods with a solid majority presence in all of the world’s…
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Shortly after takeoff from Beirut on October 3, 1957, a Curtis-Commando C-46 airplane of the Lebanese International Airways (LIA), bound for Ku-wait, caught fire. The pilot signaled to the control…
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The first power plant was established in the Emirate of Dubai in 1961 when citizens of the small city-state still lived a life dominated by their desert environ. Half a…
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Beirut SE (One month) Current year high: 1,200.49 Current year low: 705.56 The Beirut Stock Exchange recorded marginal index movements and abnormally high turnover in the first trading weeks of…
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Fiscal deficit at $2.6 billion Lebanon’s Ministry of Finance has stated that the fiscal deficit widened to $2.6 billion in the first 11 months of 2009 — 25.1 percent of…
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Lebanon’s resistant real estate In 2009, the real estate sector in Lebanon fared much better than its neighboring counterparts with transactions increasing 2.3 percent and reaching their highest values since…
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EFG-Hermes sells stake in Bank Audi after “No” to acquisition After acquisition rumors circled through the regional media in October 2009, EFG-Hermes announced on January 18 that it had sold…
