“It was a real mess,” describes ElieGhorayeb on what he saw when hefirst came in as Casino du Liban’schairman and general manager in March1999. His objective: do a clean-up job. …
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T here was little hope for TMA’s survival just a few years ago. Once one of the world’s premier air freight carriers, reaching the fourth position in cargo capacity per …
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The US is experiencing its longest economic growthperiod in history. The end of February marked the107th month of strong economic performance,surpassing its previous record set in the colorful 60s (106months …
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It wasn’t all that bad for Lebanon’s listedbanks last year. Caught in the middleof the country’s worst recession since thewar, falling interest rates that put a squeezeon spreads and competition …
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The Obegi family once owned one of the largestand most respected banks in Lebanon. Butduring the war, the family became fed up runningCredit Libanais under harsh conditions. “It was difficultto …
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Ever since the Golden Arches first litup the night sky in Dora inNovember 1998, the Lebanese justcan’t seem to get enough of that all-Americanfast-food chain. Beirut’s fivebranches of McDonald’s are …
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The first few days of February are probably nota time finance minister George Corm would liketo relive. Before his 2000 budget could bepassed through an unruly parliament, Cormwas the target …
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“There’s a good chance that Lebanese stocks will jump 40% to 60% if there is a peace agreement this year,” proclaims Philip Khoury, vice president at Merrill Lynch in London. …
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Salim Sfeir, sitting in his modest conference room at the Bank of Beirut’s headquarters, gives the impression of a mild-mannered chairman and general manager, content with where the bank stands. …
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We recently went on a banking spree at a top foreign bank where we both have accounts. One of us queued behind six people waiting for a teller, which took …