Economics and Policy
Most Lebanese bankers have apparently coalesced around the candidacy of François Bassil as head of the Association of Banks in Lebanon, ahead of the group’s July 5 election.
Revenues at Beirut Port grew 26 percent in the first five months of the year, with the port benefiting from the Syria crisis.
The Cypriot Cabinet approved on Wednesday plans to sign for a deal with a US-Israeli partnership to build a liquefied natural gas plant on the island to exploit untapped energy riches.
The Syrian central bank sold $8 million to local banks Wednesday at 175 pounds to the dollar, despite the official rate remaining at 99.91 pounds to the dollar.
Companies and Business
Dubai’s Roads & Transport Authority (RTA) has announced that the company building the $196m Rashid Hospital Tunnels project has completed construction and is putting the finishing touches to the tunnels, which are set to open on June 30.