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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: 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.
Posted: February 25, 2015
LEBANON. Lebanon has issued its largest-ever Eurobond, raising US$2.2 billion; The economy has been hit by the war in Syria; 2015 public debt would increase to US$68.7 billion.
Posted: February 24, 2015
INTERNATIONAL. Within the past two weeks, a temporary deal to keep Greece in the eurozone was reached in Brussels, a cease-fire roadmap was agreed to in Minsk and Iranian negotiators advanced a potential nuclear deal in Geneva.
Posted: February 19, 2015
UAE. Sherpa Kids International - a company that runs before and after school clubs and holidays activities for primary school-aged children - is launching its wide-ranging programme of activities in the Middle East.
Posted: February 2, 2015
UAE. The winter months consistently attract an increased number of tourists and there is routinely a spike in events and conferences hosted regionally, often due to more favourable weather.
Posted: February 2, 2015
LEBANON. Net profit registered an increase of 12.5% (+US$19.5 million) to US$175.7 million.
Posted: January 21, 2015
UAE. Strong growth momentum in GCC countries continues, economic recovery in oil importers is on track; Oil exporters diversified their economies, but still heavily dependent on hydrocarbon sector in terms of budget and export revenues; Oil importers face higher risks of geopolitical tensions.
Posted: January 20, 2015
UAE. 61% feel they deserve to work in a higher level position, and 50% state that a key reason for seeking employment is to be financially independent.
Posted: January 19, 2015
LEBANON. An Israeli strike on Syria killed an Iranian general, Tehran confirmed, as thousands of supporters of Lebanon's Hezbollah gathered to bury one of six fighters killed in the same raid.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: March 30, 2015
SAUDI ARABIA. Jamil Ghanawi, Head of JLL Saudi Arabia highlights the proposal aiming to help ease the current shortage of affordable homes and spur economic growth.
date:Posted: March 30, 2015
UAE. Boston Consulting Group study shows positive market development raising levels for all; Middle East banking revenues reach double-digit rates in 2014 with a 10% increase, while profits rose by 14.7%.
date:Posted: March 30, 2015
INTERNATIONAL. Saxo Bank has published its Q2 outlook warning investors of the end to the current cycle of "extend and pretend" as the planned economy model of the past eight years comes to breaking point.
UAE. Boston Consulting Group study shows positive market development raising levels for all; Middle East banking revenues reach double-digit rates in 2014 with a 10% increase, while profits rose by 14.7%.
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