Lebanon Business News

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...

Lebanon’s economic growth could exceed the 7 percent forecast by the International Monetary Fund (IMF) providing the country maintains the relative political and security stability it has enjoyed this year, the central bank governor told Reuters on Friday. “It is essentially...

Saudi Ambassador to Lebanon Ali Said al-Awad al-Osseiri, emphasized on Thursday the kingdom’s commitment to continuing to provide financial support to Lebanon. Osseiri was speaking during a press conference held at the Chamber of Commerce, Industry and Agriculture in Lebanon to...

Early detection of breast cancer does save lives, Lebanon’s Health Minister Dr. Mohammad Jawad Khalifeh said on Thursday. Despite growing incidences of the disease in Lebanon, women above the age of 20 who perform regular self-examinations and have regular mammograms are...

The International Mo­netary Fund (IMF) proposed in a working paper to add the remittances flowing into Lebanon each year to the country’s GDP and this could lead to further drop of public debt to GDP ratio.  Although the working paper...

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...