You would think that Lebanon would benefit greatly from the falling oil prices , since it import all its needs , but not according to Central Bank Governor Riad Salameh. According to him falling oil prices reduce the remittances Lebanon receives from the Lebanese people who work in the Arabian Gulf countries . Salameh said the bank is introducing measures […]
Syria’s economy is in a tailspin, and the regime of President Bashar al-Assad is increasingly struggling to find resources to quash the four-year-old rebellion, analysts say. The government has had to scale back subsidies for citizens for goods ranging from water to heating oil over the last six months. That has angered Syrians, who already […]
Russian Foreign Minister Sergei Lavrov accused the West on Saturday of trying to use sanctions imposed on Moscow in the Ukraine crisis to seek “regime change” in Russia. His comments stepped up Moscow’s war of words with the United States and the European Union in their worst diplomatic standoff since the Cold War ended. “As […]
by Geoffrey Smith One of the axioms of global geopolitics is that a country can project power only as far as its economic might allows. There is good reason why the United States, by far the world’s largest economy, has been the dominant force in all things political and military for the past 60 years. […]
The Union Coordinating Committee (UCC) held a protest on Saturday outside the VAT building to protest the failure in referring the series of ranks and salaries to the Parliament. President of the Schools Teachers Union Nehme Mahfoud announced that all schools will be closed as of Monday morning
Lebanese Central Bank Governor Riad Salameh comments on the outlook for Syrian banks and economy. He spoke in a Feb. 16 interview from his Beirut office with Bloomberg’s reporter Donna Abu-Nasr.
Egypt’s economy requires $100 billion to recover, $12 of which are needed immediately, Amr Moussa, former Egyptian foreign minister and Ex Arab League chief and current head of the Conference Party and member of the National Salvation Front said on Wednesday.
President of the Lebanese Chamber of Commerce, Industry and Agriculture (CCIA) of Beirut and Mount Lebanon Mohammad Choucair and Lebanon’s Central Bank Governor Riyad Salameh launched on Tuesday the FARO fund
Iran’s currency plummeted to an all-time low on Saturday, registering a more than 21-percent drop in a span of two weeks against the U.S. dollar, currency tracking websites and money changers said. The rial was traded at between 39,000 and 40,000 per dollar on the open market on Saturday, down from about 33,000 two weeks […]
As the conflict in Syria continues, with the United Nations reporting a dramatic increase in the numbers of refugees fleeing the country, Syria’s economy, too, is a victim of the violence. And its chances of recovery are looking slim. “Syria is now fully a war economy that displays all the features of a country in […]