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A sparsely attended real estate fair at the Beirut International Exhibition and Leisure center showed the drop in the rush to jump into the country's housing market as both foreign and local investors exercise caution amid regional unrest. This year
Saudi Arabia is heading for real GDP growth of 6 percent in 2012, according to Moody's Investors Service. It also said the outlook for Saudi Arabia's banking system remains stable. The Kingdom's nonoil private-sector real GDP to expand by 5.2 percent
India has suffered its worst growth projection in recent years, with the International Monetary Fund ( IMF ) slashing its forecast for 2012 to 4.9% from 6.2% in July and blaming it mainly on domestic structural sluggishness amid a worsening global
The Daily Star The Lebanese government has just launched a series of measures to support the industrial sector. These policies are largely fiscal in nature, providing subsidies and import protection, and supporting certain sectors such as aluminum
President Michel Sleiman said Friday that distancing the country from the conflicts of neighboring countries has helped it avoid repercussions. Of course such detachment doesn't apply to the Israeli-Palestinian conflict or international resolutions
Lebanon's 2012 GDP growth is unlikely to exceed 1.2 percent by the end of 2012, and the country could enter recession in the third quarter, according to the Washington-based Institute of International Finance...Expecting the economy to contract
Alert me of future comments Your comment was sent successfully, thank you... Story Summary Head of Lebanon's Economic Committee Adnan Kassar reiterated Monday warnings that the economy is at the mercy of political bickering and instability.
Electricite Du Liban said Monday that a last minute malfunction in some of the units at Deir Ammar power plant has delayed attempts to restore electricity to much of the country. The company had promised to restore electricity back to its normal
The report attributed the progress to a real estate market boom that helped encourage institutional practices. According to the recently issued report, 2012 Real Estate Transparency Index, Lebanon scored 3.75, ranking 66th worldwide and fifth
The total container activity at the Port of Beirut rose by 3.38 percent up to May 2012 to 426,950 20-foot equivalent (TEU). Transshipment activity edged 0.81 percent up to 177,314 TEU, while container activity (excluding transshipment) climbed by 5.