Economics and Policy
Moody’s Investors Service Tuesday warned it could cut Lebanon’s government bond rating over potential spillover effects from Syria’s civil war, including suppressed growth and political instability.
A jailed cousin of former Libyan leader Muammar Qaddafi has accused Egypt of trading his freedom and its principles for US$2 billion in aid for the floundering economy.
Companies and Business
One of two Lebanese currency exchange firms accused last month of money laundering by the United States Treasury Department has appointed a U.S.-based legal representative, Halawi Exchange Co.’s general manager told The Daily Star Tuesday.
A new round of a business competition has been launched to give a boost to some of Lebanon’s small- and medium-sized enterprises.
Dana Gas has boosted its profits in the first quarter on the sale of shares in the Hungarian oil company Mol as revenues declined on lost production in the Kurdish region of Iraq.