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: July 1, 2014
LEBANON. The hydrocarbon sector potential holds a promising medium-term outlook. However, the political standoff is likely to delay commercial exploitation beyond stated government targets.
Posted: June 27, 2014
INTERNATIONAL. The money would be part of Obama's US$1.5 billion plan for a Regional Stabilization Initiative that also would aid Jordan, Lebanon, Turkey and Iraq.
Posted: June 20, 2014
LEBANON. The event tackled key issues affecting the concrete and construction industry, and offered high-quality discussions on trends and developments to address the challenges affecting the local industry and key regional markets.
Posted: June 16, 2014
LEBANON. Under the agreement, a total of 45 million euros in credit will be made available to small- and medium-sized enterprises (SMEs) in Lebanon.
Posted: June 6, 2014
UAE. Decision makers and influencers from companies and organizations representing top regional publishers met in Dubai Media City to share insights about pressing industry digital challenges.
Posted: June 2, 2014
LEBANON. The recent presidential vacuum reflects continued political paralysis. The risk is that it could presage of a wider institutional crisis, further weighing on economic activity and confidence.
Posted: May 30, 2014
INTERNATIONAL. Visit to focus on the challenges and opportunities facing the Middle East and North Africa (MENA) region and underscore the 'commitment and support.
Posted: May 6, 2014
LEBANON. Report issued by Byblos Bank, in cooperation with the American University of Beirut; "The high cost of living, an eroding purchasing power and the poor quality of basic day-to-day public services, continued to affect consumer confidence."
Posted: May 2, 2014
UAE. The recruitment day will take place in Beirut on 19 May; New cabin crew members undergo a seven-week training program conducted at Etihad's state-of-the-art Training Academy in Abu Dhabi.
Posted: April 30, 2014
LEBANON. The power struggle in the Middle East between groups backed by Saudi Arabia and Iran risks causing another political impasse in Lebanon.
Posted: April 23, 2014
LEBANON. Leading candidate Samir Geagea, supported by the March 14 political bloc, won 48 votes in a session attended by 124 parliamentarians, falling well short of the required two-thirds majority.
Posted: April 17, 2014
LEBANON. S&P revised the outlooks on Bank Audi, BankMed, and Blom Bank to stable from negative and affirmed their long-term ratings at 'B-'.
Posted: April 13, 2014
UAE. Eight MENA countries included in the Social Progress Index ranking 2014:UAE ranks 37th followed by Kuwait 40th, Saudi Arabia 65th, Jordan 75th, Lebanon 83rd, Egypt 84th, Iraq 118th and Yemen 125th; Social Progress Index enables better understanding of worldwide progress and growth.
Posted: April 11, 2014
LEBANON. Ratings agency affirmed 'B-/B' long- and short-term foreign and local currency sovereign ratings; The formation of a new government, which now brings together rival political groups, reduces the risk of a widespread escalation of domestic conflict.
Posted: April 4, 2014
LEBANON. The number of Syrian refugees who have fled to Lebanon officially topped 1 million, highlighting the growing humanitarian catastrophe caused by Syria's civil war.
date:Posted: August 23, 2014
QATAR. QNB report expects the ECB, the Bank of England and the Federal Reserve to keep to record-low interest rates for an extended period of time. Qatar's policy rates are likely to follow suit.
date:Posted: August 22, 2014
INTERNATIONAL. By 2040, Africa will experience faster economic growth than any other region and is expected to have the biggest labour force in the world; By 2030 Dar es Salaam and Luanda could have bigger populations than London has now.
date:Posted: August 21, 2014
INTERNATIONAL. The report found there are 15 million middle-class households in 11 of sub-Saharan Africa's top economies this year, up from 4.6 million in 2000 and 2.4 million in 1990, an increase of 230% over 14 years.