Dubai based Lebanese plans airline in Lebanon

Georges Mousa, a Dubai-based Lebanese businessman, will launch a full-service airline from his country in the next 18 months, subject to necessary approvals. “The plan for the airline is ready. However, we will have to wait for the Lebanese Government to open up the skies for competition,” Mousa, who owns Dubai-based Planet Group, told Gulf […]

Lebanon resumes sales of CDs to control inflation

Lebanon’s central bank resumed the sale of certificates of deposit today to help absorb excess liquidity in the banking system and keep control of inflation, Governor Riad Salameh said. “We have an objective of keeping inflation at 4 percent and we want to absorb excess liquidity that could cause an increase in prices,” Salameh said […]