BEIRUT: The Energy Ministry is expected this week to extend the May 20 deadline for reviewing and selecting a consortium to build liquefied natural gas...
BEIRUT: A leading Lebanese banker warned Friday of grave consequences for the national economy, depositors and the banking sector in general if the government...
BEIRUT: The Central Bank is preparing a bond debt replacement in Lebanese currency with a lower interest rate that would cut debt servicing by between LL1.1...
BEIRUT: Lebanon’s Cabinet may find it hard to convince the population to swallow the pill of “painful and unpopular” reforms, but anything...
BEIRUT: Infuriated political parties and trade unions have called on authorities to look for other means of reducing the budget deficit after Foreign Minister...
BEIRUT: A senior U.S. official played down media reports that Washington plans to designate Speaker of the Parliament Nabih Berri and Amal movement to the...
BEIRUT: Finance Minister Ali Hassan Khalil Wednesday proposed a 50 percent salary reduction for the president, prime minister, ministers, current lawmakers...
BEIRUT: Lebanon will start drilling for gas in maritime Block 4 before the end of the year and intends to launch a second licensing round in January 2020 if...
BEIRUT: Lebanon’s Central Bank last week removed $21 billion from its balance sheet in a bid to improve new accounting procedures required by...
BEIRUT: Many Lebanese banks have started reducing interest rates on deposits after the formation of a government eased fears on the Lebanese currency and a...
BEIRUT: The market is eagerly waiting for the implementation of reforms by the government of Prime Minister Saad Hariri before reducing the interest rates...
BEIRUT: The United States will have a significant problem if Hezbollah exploits the position of the Health Ministry to funnel funds for organizations...
BEIRUT: The chairman of BLOM Bank, one the two largest lenders in Lebanon, expects his bank to record a slightly higher profit in 2018 compared to 2017 but...
BEIRUT: The International Finance Corporation is willing to provide Lebanon with $1 billion in investments and soft loans each year if the government starts...
BEIRUT: The prices of Lebanon’s sovereign Eurobonds readjusted to their normal rates after caretaker Finance Minister Ali Hassan Khalil brushed off a...
BEIRUT: Profits of banks will be drastically affected if some lenders continue to offer higher interest rates in an “irrational” manner, bankers...
BEIRUT: Solidere shares were up slightly Thursday after a surge the day before, in what appeared to be a reaction to expectations that government formation is...
BEIRUT: Tens of thousands of surplus government employees and security personnel need to be laid off or assume other vacancies if the next Cabinet wants to...
BEIRUT: Lebanese officials and economists said that Moody’s negative outlook of Lebanon should prompt all officials to set their differences aside and...
BEIRUT: The Finance Ministry intends to issue new Treasury bills over the next few days at at an interest rate of 10.30 percent instead of 7.50 percent like...
BEIRUT: Commercial banks are resisting the requests of customers to convert their deposits in Lebanese pounds to U.S. dollars by offering them lucrative...
BEIRUT: The Finance Ministry and Central Bank are reviewing ways to finance the country’s needs either through the issuance of new Treasury bills, with...
BEIRUT: The political paralysis in Lebanon triggered some conversion to dollar deposits and a drop in the prices of sovereign Eurobonds in the month of...
BEIRUT: A leading banker says economic slowdown in Lebanon does not necessarily mean the Lebanese pound is at risk of devaluation. “The Central Bank...
ANTALYA, Turkey: MEA Chairman Mohammed Hout said over the weekend that the net profits of the national carrier may slightly drop in 2018 due to the rise in...