Cairo will today host the largest business gathering for leaders of regional Arab companies and fund representatives. Thirty Arab CEO’s and businessmen from the Gulf states, the Arab Maghreb, Jordan, Lebanon, Syria, and Egypt will participate in the meeting,
Lebanon’s sale of $725 million of Eurobonds last week to refinance debt maturing this month was three times oversubscribed, the finance ministry said in an e- mailed statement today.
Middle East governments and companies are raising cash again from debt and equity markets, while solid oil prices and improving economic fundamentals are helping the region recover and restructure.
The Beirut Trade Association said in a statement issued Monday that insecurity hurts business and the government must enforce its sovereignty in order to protect national unity.
Lebanese BLOM Bank said first-half net profit rose 13.1 percent compared with the year-ago period to $156 million, supported by a buoyant domestic economy and strong consumer demand for loans.
The three countries covered in this Business Forecast Report Jordan, Lebanon And Syria have all, to a greater or lesser degree, shrugged off the worst of the global economic slowdown.
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 […]
Beirut – The ArabNet conference was staged with the aim of helping the Middle East become an economic powerhouse, giving startups access to multinational corporations like Microsoft and Google.
Tony Fadell has formally ended his nine-year tenure with Apple, and is determined to tell his kids and grandkids amazing stories beyond his achievements with the iPod and iPhone.
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 […]