Expectations for most industries arefairly routine. When sales sink inthe middle of an economic slowdown,earnings should follow suit. Not soat Uniceramic, Lebanon’s leading ceramictile manufacturer, whose sales dropped 9%in 1999. …
Category:
Money Matters
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“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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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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Global economic optimism may have lost its upwardmomentum according to our February Fund Manager Survey.The inversion in the US yield curve could be taken as a signthat Fed rate hikes …
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The resumption of talks betweenIsrael, Syria, and Lebanon is generatinghopes that a peace agreementcould be reached this year. Such adevelopment would enhance regional stability,reduce the degree of risk perceived byforeign …
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In the middle of January, Solidere BLC Banque Libanaise pour leCommerce enjoyed a rather rockymonth that saw it subdued by negativesentiments following its declarationof 1998 profits of a …
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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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Shape up or ship out. Those were thewords of warning given to insurancecompanies when the new insurancelaw was finally passed last May, thoughthe original draft legislation was prepared in1993. It …
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The Eagle ~ has landed The first real estate investment companyin Lebanon, Eagle One, has been set upby The Property House, a subsidiary of localfinance firm The Investment House. The …
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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. …