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: August 10, 2016
INTERNATIONAL. 54% of the working age population in MENA is unemployed with little prospect of any positive immediate change; A shift in focus towards giving young people employability skills is required.
Posted: August 4, 2016
LEBANON. 78% of the surveyed Lebanese considered that their personal financial situation is "worse off" than it was six months earlier, while 17.6% stated that their financial situation remained the same and only 4.4% said it was "better off".
Posted: July 28, 2016
LEBANON. Increase in net profit achieved despite adverse economic conditions, locally and regionally, and significant challenges that continue to impact the markets in which the Bank operates.
Posted: July 14, 2016
UAE. The Green MED Initiative (GMI) has as main objective the development of an integrated and environmentally sound waste management system by means of innovative technologies and sustainable waste treatment and recycling.
Posted: June 8, 2016
LEBANON: Byblos Bank Real Estate Demand Index posted the ninth steepest quarter-on-quarter decline on record and the ninth lowest level in 35 quarterly readings; the results show the sector continues to be affected by high levels of political uncertainty.
Posted: May 17, 2016
LEBANON. Celebrity makeup artist Hala Ajam sends a message to Arab women with latest work.
Posted: May 17, 2016
LEBANON. Byblos Bank/AUB Consumer Confidence Index improved by 5.7% in January, but declined by 1.3% in February and regressed by 10% in March 2016, which constituted the steepest monthly drop since September 2015.
Posted: May 10, 2016
LEBANON. The acquisition is aligned with the bank's long-term strategy of consolidating its robust customer deposit base.
Posted: May 3, 2016
LEBANON. Despite continuing domestic and regional economic instability, the bank reported net profit of US$33.8 million compared to US$32.8 million in the first quarter of 2015.
Posted: April 16, 2016
LEBANON. The ratings reflect Bankers' supportive, yet volatile risk-adjusted capitalisation, track record of solid technical performance and good business profile in the Lebanese market.
Posted: April 12, 2016
LEBANON. Initiative brings the disruptive technology of wearables, connected devices, virtual reality headsets and much more into the banking world.
Posted: April 1, 2016
LEBANON. The negative outlook for the ICR reflects the company's deterioration in underwriting performance in recent years, which together with volatile investment performance, has applied pressure to the company's risk-adjusted capitalisation.
Posted: March 15, 2016
UAE. According to a new report by the World Economic Forum (WEF), written in collaboration with The Boston Consulting Group (BCG), since 2010, approximately 3,200 education companies around the world have received private ed-tech investments - however, only a mere 12 were based in the Middle East.
Posted: March 7, 2016
LEBANON. Persisting regional and domestic political instability has weakened Lebanon's economic outlook; S&P expects that the banking system's deposit inflows will continue to support the government's borrowing requirement and the country's external financing gap.
Posted: March 4, 2016
LEBANON. Economena Analytics released its Lebanese Economic Outlook for the first half of 2016: No budget or oil decrees expected in 2016; Sovereign credit ratings may be downgraded; Growth will be primarily driven by Information Technology, manufacturing, transport, retail and public spending.
date:Posted: September 28, 2016
UAE. BCG's global report on sustainable economic development progress places the UAE's well-being scores in the top quintile; however, the study shows that the nation's performance in converting wealth and growth into well-being is below par globally.