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Lebanon

FEATURED REPORT...
Posted: 09-08-2011
INTERNATIONAL. Concerned about possible Israeli encroachment upon recently discovered offshore natural gas fields, Lebanon's Parliament has passed draft legislation demarcating its maritime borders with Israel. The 18-article law was drafted in the Parliament’s Public Works, Transport, Energy and Water Committee, headed by MP Mohammad Qabbani, The Daily Star reported. At issue are two massive offshore natural gas fields, Tamar and Leviathan, off Israel's northern city of Haifa, where initial prospecting estimates have concluded that the pair of sites between them could hold as much
Posted: April 19, 2015
UAE. 3rd Edition of ArabNet returns to the UAE from May 27-28; Research by McKinsey &Co goes as far as saying that those who become digital leaders can expect 50% profit boosts in their next five years.
Posted: April 17, 2015
LEBANON. "The persisting high level of political uncertainties in the country and wide spillovers from the Syrian crisis, represented the main factors that negatively affected the confidence of Lebanese consumers during the third quarter of 2014."
Posted: April 17, 2015
INTERNATIONAL. Despite progress in raising school enrolment over the past decade, one in four children and young adolescents are either out of school or at risk of dropping out.
Posted: April 16, 2015
UAE. The UAE is a typical example of how the growth of talents and skills is key to improving competitiveness; Algeria, Libya and Yemen rank in the bottom quartile globally, while most of the GCC countries rank among the top quartile globally.
Posted: April 10, 2015
JORDAN. According to data compiled by webteb.com, the intake of calories throughout the region has steadily risen in recent years, boosted by increased sugar, milk, and meat consumption.
Posted: April 7, 2015
UAE. Forbes Middle East reveals top 100 richest Arabs on earth; 49 Arab billionaires, sharing total wealth of $155.1 bn; Top 100 hail from 12 Arab countries with Saudi Arabia in the lead.
Posted: April 7, 2015
UAE. Middle Eastern travellers returning as Lebanon banks on regional demand for sector revival; ATM 2015 participation a showcase for country's multi-purpose destination positioning.
Posted: April 3, 2015
UAE. Among the top investors for 2014, were Iraqis (AED 2.50 million per transaction), Jordanians (AED 2.40 million) and Egyptians (AED 2.02 million), according to The H Holding Enterprise.
Posted: March 24, 2015
LEBANON. Improvement in PMI Lebanon employment figures in spite of lower global data; Lebanon is escaping the recession and capitalizing on its US dollar peg; Lower headline inflation rate can be witnessed during recent months.
Posted: March 20, 2015
LEBANON. According to the IIF, the economy grew by 1.7% in 2014 helped by Banque du Liban's stimulus package and the fiscal deficit narrowed to 7% of GDP; The IIF baseline scenario expects a modest pick-up in growth to 2.2% in 2015.
Posted: March 17, 2015
UAE. Regardless of age and industry, the urge to learn is considerable in the Middle East and North Africa, according to a recent survey conducted by Bayt.com.
Posted: March 16, 2015
LEBANON. Gemayel's Boston College address on March 25 comes two days before the UN Security Council meets to address the crisis of growing persecution of Christians in the Middle East.
Posted: March 7, 2015
INTERNATIONAL. The rating action reflects the deterioration of Al Ittihad's operating performance over recent years, which in turn has weakened its risk-adjusted capitalization.
Posted: March 5, 2015
UAE. First bank from the MENA region with a coveted DIFC license.
Posted: February 28, 2015
UAE. In S&P's view, the sharp drop in oil prices since mid-2014 is likely to lead to weakening economic, external, and fiscal profiles for the region, particularly for the GCC.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 19, 2015
UAE. Deloitte experts consider that residential transactions have slowed to a more sustainable level; Leveling off in capital growth, in certain areas; This new characteristic suggests a market that is in fact maturing and arguably strengthening.
date:Posted: April 19, 2015
INTERNATIONAL. The EIA once again capitulated on the myth that rig counts don't matter and the productivity of wells would largely offset, leaving the industry on a continuous path to higher output.
date:Posted: April 19, 2015
QATAR. The first Renminbi Clearance Centre (RCC) in the MENA region, to be located in Doha; The RCC will allow for claims denominated in RMB to be settled in Doha and exchanged for other currencies, including the Qatari Riyal (QAR).
UAE. Deloitte experts consider that residential transactions have slowed to a more sustainable level; Leveling off in capital growth, in certain areas; This new characteristic suggests a market that is in fact maturing and arguably strengthening.
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