Beirut Business News

Central Bank Governor Riad Salameh told LBC television on Tuesday that Lebanon is unaffected by the financial crisis in the Arab and international markets, stressing that Dubai’s crisis will never affect Beirut. According to him, there is a $6 billion...

Nearly $1.5 million was raised by people paying back taxes on their property before the sale began and money generated by property that was sold during the sale. Property can be sold at a county tax sale after the owner...

During a passing-of-duties ceremony, Energy Minister Gebran Bassil said, “Everyone considers the Energy Ministry to be a ball of fire,” stressing, however, that he is capable of “absorbing the heat” and that he will overcome challenges, even if it means...

Globally, Lebanon ranked ahead of Bangladesh, Zambia and Nepal and came behind Mali, Senegal and Bela­rus. The index uses a holistic definition of prosperity to include both material wealth and quality of life. It finds the most prosperous nations in...

The Middle East has proven surprisingly resilient to the world economic crisis, due in large part to countercyclical governmental spending, according to the International Monetary Fund’s Regional Economic Outlook report for October 2009. The report was presented Tuesday by Saade Chami...