Salam's appointment boosts tourism
Source: The Daily Star
Beirut :: Lebanon | updated 2013-04-25 15:41:37 -0700 | business-news
The tourism sector has seen a significant improvement over the past few weeks, experts told The Daily Star, as Gulf Cooperation Council states seem to have eased travel warnings that have discouraged their citizens from visiting Lebanon for more than...
Who profits from weak IPR enforcement?
Source: The Daily Star
Beirut :: Lebanon | updated 2013-04-24 16:01:23 -0700 | business-news
For the past decade, U.S. officials have begged, berated and blacklisted Lebanon to convince the government to crack down on piracy and boost enforcement of intellectual property rights. But no matter how much capacity-building assistance it gives to state agencies...
Accused Lebanese money changers mulling U.S. legal action
Source: The Daily Star
Beirut :: Lebanon | updated 2013-04-24 17:38:46 -0700 | business-news
Two Lebanese currency exchange firms accused of money laundering by the United States Treasury Department have vehemently denied the allegations, saying they were considering legal action to clear their names. Appointing a U.S. attorney and taking every legal action possible...
Lebanon gasoline prices see significant drop
Source: The Daily Star
Beirut :: Lebanon | updated 2013-04-24 08:36:11 -0700 | business-news
Gasoline prices in Lebanon witnessed a significant drop Wednesday. The 95-octane and 98-octane fuel declined, respectively, LL600 and LL700, according to data released by the Water and Energy Ministry. The 95-octane fuel now sells at LL33,200 while the 98-octane fuel...
Beirut City Centre attracts more than 400,000 visitors in its first two weeks
Source: Zawya Regional
Beirut :: Lebanon | updated 2013-04-23 22:49:10 -0700 | business-news
Majid Al Futtaim Properties, owner and operator of shopping malls and complementary mixed-use projects in the Mena region, announced on Tuesday that its new flagship mall in Beirut has welcomed more than 400,000 visitors in its first two weeks of...
Tapping Lebanon's gas wealth won't be complicated: expert
Source: The Daily Star
Beirut :: Lebanon | updated 2013-04-23 15:55:16 -0700 | business-news
The Daily Star Experts examine a map pointing to locations of gas off Lebanon's coast. Fresh analysis of offshore seismic surveys of Lebanon are showing that tapping into Lebanon's gas wealth might be easier than first thought, said experts at...
Arabian luxury on wheels
Source: Times Of Oman
Beirut :: Lebanon | updated 2013-04-22 21:16:48 -0700 | business-news
The fondness among people in the Middle East region for exotic luxury cars is renowned. From now on, those who were quenching their thirst by importing luxury machines can take pride in owning and driving the most expensive, one-and-only 'Made...
Lebanon asks Egypt, Iraq to slash transit levy
Source: The Daily Star
Beirut :: Lebanon | updated 2013-04-22 16:31:43 -0700 | business-news
The Daily Star Workers pick green beans in the southern area of Zahrani. Lebanon has filed an official request to reduce transit transport fees with Iraq and Egypt, the National News Agency reported Monday, in a bid to cut export...
IMF lowers Lebanon growth forecast to sluggish 2 percent
Source: The Daily Star
Beirut :: Lebanon | updated 2013-04-22 03:28:40 -0700 | business-news
The Daily Star A World Bank chart shows remittance inflows in the region. The International Monetary Fund revised downward its projection for real gross domestic product growth in Lebanon to 2 percent in 2013, while the World Bank reduced its...
NSSF could cover Palestinians at no additional cost: ILO
Source: The Daily Star
Beirut :: Lebanon | updated 2013-04-21 17:16:20 -0700 | business-news
The National Social Security Fund could provide health care for registered Palestinian workers in Lebanon, the International Labor Organization said over the weekend, proposing reforms to enable the fund to do so at no additional cost. In 2010 Parliament passed...
Reports MEA plane hit by lightning false: sources
Source: The Daily Star
Beirut :: Lebanon | updated 2013-04-20 08:03:41 -0700 | business-news
Reports that a Middle East Airlines aircraft was struck by lightning are false, sources from the Lebanese firm told The Daily Star Saturday. Several media reports said Saturday that an MEA plane was hit earlier in the day by lightning...
Oman's economic grew 8.3% in 2012; Growth to continue this year
Source: Zawya Regional
Beirut :: Lebanon | updated 2013-04-20 06:40:22 -0700 | business-news
Oman's economy grew 8.3% in 2012 exceeding the 7% targeted in the public budget and is expected to continue growing in 2013 driven by an increase in proceeds from oil and non-oil exports, the official Oman News Agency reports Saturday...
MEA confirms Cyprus Airlines talks
Source: The Daily Star
Beirut :: Lebanon | updated 2013-04-19 17:19:26 -0700 | business-news
The Daily Star A Cyprus airways plane is seen in Larnaca international airport in southern Cyprus. A source at Middle East Airlines Friday confirmed reports it was negotiating with Cyprus Airways to acquire the company's assets and said the results...
'Hackathon' Events: Do They Really Help Anyone?
Source: Forbes
Beirut :: Lebanon | updated 2013-04-19 06:09:39 -0700 | business-news
The following guest post is by Claire Topalian, Communications Manager at Startup Weekend, an international organization that supports the development and expansion of entrepreneurship through events worldwide that educate aspiring entrepreneurs by immersing them in the process of moving...
Experts doubt ability of municipalities to handle funds
Source: The Daily Star
Beirut :: Lebanon | updated 2013-04-18 17:02:46 -0700 | business-news
The Daily Star The funds may help municipalities to carry out development projects. Starting next week, $300 million will be dispensed to the country's 945 local councils, MP Ibrahim Kanaan announced Thursday as local development experts doubted municipalities were transparent...
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