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Lebanon

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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: February 4, 2016
LEBANON. The Byblos Bank/AUB Consumer Confidence Index averaged 39.5 in the third quarter, nearly unchanged from the second quarter of 2015, and decreased by 6.7% to an average of 36.9 in the fourth quarter of 2015.
Posted: February 1, 2016
UAE. New partnerships with Wamda Capital, twofour54, and Endeavor Catalyst set to boost e-commerce segment.
Posted: January 28, 2016
LEBANON. Despite continuing domestic and regional economic instability, the bank posted net profit of US$ 161 million compared to US$176 million in 2014.
Posted: January 27, 2016
UAE. Attraction and international mobility are key to national success and prosperity; UAE ranks number one in sustainability of retaining talent and night-safety of employees; Among global top 10 in use of social and virtual networks for career growth; Social mobility rankings within global top 10.
Posted: January 19, 2016
UAE. Nine of the 13 MENA sovereigns are investment grade; Egypt, Iraq, Jordan, and Lebanon are speculative grade; Oman and Saudi Arabia ratings lowered on the sharp deterioration in their fiscal deficits; GCC members to maintain their exchange rate pegs to the US dollar over the medium term.
Posted: January 15, 2016
UAE. "Digital marketing offers the best option for many consumers, including those with lower incomes, to go online."
Posted: December 30, 2015
LEBANON. The digitization of industries points to a future where the consumer is more relevant than ever; "The question is how can this data be sourced, organized, and presented in a secure way that works for the "I" of the individual? This is the challenge of the future."
Posted: December 15, 2015
IRAQ. Byblos Bank inaugurated its fourth branch in Iraq and the first for a Lebanese bank in the City of Sulaymaniyah, in the presence of Mr. Abdul Rahman Saleh, General Director of the Central Bank of Iraq.
Posted: December 4, 2015
INTERNATIONAL. The sale was led by Egyptian artist Mahmoud Mokhtar's sculpture, On the Banks of the Nile (Nahw Ma'a ElNil), which sold for 317,000 pounds.
Posted: November 25, 2015
LEBANON. Deloitte hires over 600 employees in FY15 in the Middle East to support demand for professional services.
Posted: November 20, 2015
LEBANON. In the first initiative of its kind in Lebanon and the Arab World, Byblos Bank launched the Byblos Bank Real Estate Demand Index for Lebanon
Posted: November 19, 2015
UAE. Beirut In: "Next big thing in marketing is convergence of conventional and digital platforms to convey corporate messages."
Posted: November 2, 2015
LEBANON. Adding and updating users in Skoolee will automatically update the corresponding information in AD.
Posted: October 29, 2015
UAE. 157 new launches, 600 cars on show alongside the first ever Motoring Nostalgia Museum for exotic classics from the 1950s to the '80s adding a new dimension for showgoers.
Posted: October 29, 2015
LEBANON. Net income stood at US$113.1 million, an increase of 0.3% from the same period of last year; The Bank reported one of the highest capital adequacy ratio in the Lebanese banking sector, which amounted to 17.6%.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: February 6, 2016
INTERNATIONAL. PMI: The high cost of low performance shows need for stronger worldwide implementation of project, program and portfolio management.
date:Posted: February 6, 2016
UAE. S&P expects Abu Dhabi's government balance will worsen further based on the ratings agency's updated oil price assumptions; However, the emirate's large net asset position will continue to give it a considerable buffer to support the economy; Continued structural and institutional weaknesses anticipated.
date:Posted: February 5, 2016
INTERNATIONAL. "Saudi regional leadership amounts to exploitation of a window of opportunity rather than reliance on the assets and power needed to sustain it. That window of opportunity exists as long as the obvious regional powers - Iran, Turkey and Egypt - are in various degrees of disrepair."
UAE. S&P expects Abu Dhabi's government balance will worsen further based on the ratings agency's updated oil price assumptions; However, the emirate's large net asset position will continue to give it a considerable buffer to support the economy; Continued structural and institutional weaknesses anticipated.
INTERNATIONAL. "It's going to come to a point where there is just going to be no real economical benefit to any kind of production staying at any kind of level in those countries. And once they come off, that's going to obviously support oil prices."
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