Moody's: Lebanon's low credit rating reflects turmoil
9 May, 2008
Beirut /New York - The takeover of the Sunni Muslim half of Beirut by the Iranian and Syrian-backed Lebanese group Hezbollah on Friday reflects heightened political tensions in the country but is already accounted for in the nation's low credit rating, Moody's Investors Service said.
Pakistan importing generators from Lebanon
7 May, 2008
Islamabad - The overall trade volume between Pakistan and Lebanon is negligible, which must be accelerated, said Islamabad Chamber of Commerce and Industry President Muhammad Ijaz Abbassi in a meeting with Wafic Rehaime,
Lebanon interested in IMF monitoring of its economic policies
7 May, 2008
Washington - The International Monetary Fund said on Tuesday Lebanese authorities have expressed interest in quarterly IMF monitoring of the country's economic policies and performance, as a political stalemate weighs on the economic outlook in 2008.
Hezbollah urges Support for pro-Syrian Labor union protest
7 May, 2008
Beirut - Hezbollah has urged "all the Lebanese" to take part in protests called for by the pro-Syrian General Federation of Labor unions (GFLU) for Wednesday including a demonstration in Beirut.
Lebanon's Polaris PR agency wins gold award in Istanbul
6 May, 2008
Beirut / Istanbul - Polaris Public Relations agency, part of The Holding Group of marketing communications companies, earned the Gold Award at the LG Marketing and Public Relations Forum held recently in Istanbul, Turkey
Anti Syrian Labor unions boycotting pro-Syrian Union strike
6 May, 2008
Beirut- Lebanon's rival factions appeared on a collision course on the eve of a major demonstration called for by the pro-Syrian General federation of Labor Unions.
Labor Unions insist on strike despite steep wage hike
6 May, 2008
Beirut - The General Federation of Labor Unions (GFLU) called for a massive strike throughout Lebanon on Wednesday to protest against the modest increase of the monthly salary.
Cell phone privatization faces more delays in Lebanon
5 May, 2008
Beirut- Lebanon is expected to postpone the $6bn privatization of its state-owned mobile phone operators for a second time when it updates potential bidders on the sale in May, because of the continued political turmoil.
Ethiopia bans its citizens from seeking jobs in Lebanon
3 May, 2008
Beirut / Addis Ababa -- Celebrating Labor Day on Thursday, Ethiopia has officially banned all travel of its citizens to Beirut in search of jobs. The Ministry of Labor and Social Affairs disclosed.
Despite political crisis, Solidere maintains profits
2 May, 2008
By Khaled Yacoub Oweis
Beirut - Profits at Lebanon's largest company Solidere for this year should remain near 2007 levels of $22 million, although political instability remains a threat, the company's general manager said on Friday.
A major blackout expected in Lebanon. Hezbollah blamed
2 May, 2008
Beirut- Lebanon is expected to have a major blackout starting Friday as its power-generating stations start running out of fuel, a reliable source cautioned Thursday.
Lebanon's Solidere & Ajman, UAE plan $60 bln project
1 May, 2008
Beirut / Ajman - Lebanese developer Solidere International Ltd (SOLA.BY: Quote, Profile, Research) (SOLB.BY: Quote, Profile, Research) and the UAE emirate of Ajman have agreed jointly to develop a 220 billion dirham ($59.91 billion) project on the emirate's coastline
Lebanon FM : Labor pay raise is on its way
1 May, 2008
Beirut- Finance Minister Jihad Azour said Thursday the government is determined to raise wages, although the state's financial capabilities are limited.
Lebanon's economy to grow at least 4 pct in 2008
1 May, 2008
Beirut - Lebanon's economic growth in 2008 will at least match the 4 percent of 2007, Finance Minister Jihad Azour said on Thursday.
Cigarette Smugglers funnel millions to Hezbollah, Hamas, Al Qaeda
30 April, 2008
Beirut / Washington - Cigarette smuggling is generating millions of dollars every year that can be reaching terrorist groups, including Hezbollah, Hamas and Al Qaeda, according to law enforcement sources. In a single case, $100,000 was sent to Hezbollah.
Beirut Stock Exchange booms on hopes of political solution
29 April, 2008
Beirut - Lebanon's BLOM stock index closed up 4.85 percent on Tuesday, led by market heavyweight real estate firm Solidere, on renewed efforts to end the country's political crisis.
The global food price shock & the new economics of hunger
27 April, 2008
By Anthony Faiola
Beirut / Chicago - The globe's worst food crisis in a generation emerged as a blip on the big boards and computer screens of America's great grain exchanges.
Resilient Lebanon upgraded by Moody's
27 April, 2008
By James Gavin
Despite being without a head of state for nearly six months, Lebanon is in an unusually favorable economic position.
Lebanon reduces software and film piracy
27 April, 2008
By Martin Crutsinger
Washington & Beirut - The Bush administration is accusing China, Russia and seven other nations of failing to protect American producers of movies, computer software and other copyrighted material from widespread piracy.
Lebanon's economy needs to be reinvented
25 April, 2008
By Mairi Mackay
A hot night in Beirut and hipsters, dressed to kill, dance the night away.
