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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 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.
Posted: January 18, 2015
INTERNATIONAL. An Israeli helicopter strike in Syria killed five members of Hezbollah including the son of Imad Moughniyah, in an attack that has the potential to trigger reprisals.
Posted: January 5, 2015
EGYPT. Egypt disputed a claim by the human rights lawyer that she had been warned she risked arrest last year if she released a report in Cairo critical of the judiciary.
Posted: January 2, 2015
UAE. With the winter months attracting more tourists and the seasonal increase in events and conferences, we expect growth to continue into the beginning of 2015.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 29, 2015
INTERNATIONAL. SITA survey investigated the connection between passenger's use of technology and their emotions to discover how they feel at every point of the journey; Survey shows that technology is helping put enjoyment back into flying.
date:Posted: May 28, 2015
UAE. The recent close below 1.55 was a critical blow for the Pound/Dollar bulls, and the bears have continued to exploit each opportunity to increase selling pressure with the pair still looking technically vulnerable to further declines.
date:Posted: May 28, 2015
UAE. Low production costs for Middle East companies gives regional players significant competitive advantage in the low price segment of an oil "super cycle", according to the latest paper from global strategy and management consulting firm A.T. Kearney.
INTERNATIONAL. SITA survey investigated the connection between passenger's use of technology and their emotions to discover how they feel at every point of the journey; Survey shows that technology is helping put enjoyment back into flying.
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