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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: 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.
Posted: March 14, 2014
LEBANON. The 73-year-old diplomat, who led the regime's negotiating team at failed peace talks, "was admitted to the intensive care unit" of the American University Hospital in Beirut.
Posted: February 26, 2014
LEBANON. Hezbollah on Wednesday threatened to retaliate after Israel's first reported air raid targeting a position of the Lebanese Shiite movement since the 2006 war.
Posted: February 24, 2014
UAE. 90% of jobseekers in the Middle East and North Africa, say companies should position themselves as great places to work, according to Bayt.com survey.
Posted: February 19, 2014
LEBANON. Security sources said the explosion appeared to have been caused by a car bomb and a motorcycle laden with explosives.
Posted: February 16, 2014
INTERNATIONAL. A short term focus on political and security concerns has stood in the way of the structural reforms needed for growth and stability.
Posted: February 16, 2014
LEBANON. New PM Tammam Salam aims to hold presidential polls on time, asks politicians to make concessions for nation's sake; Political, sectarian divisions fuelled by Syria spillover; Struggle over energy post delayed government for weeks.
Posted: February 12, 2014
INTERNATIONAL. President Assad's forces and fighters from Lebanese ally Hezbollah pounded Syria's strategic border town of Yabroud, activists said, in apparent preparation for a new offensive.
Posted: February 12, 2014
INTERNATIONAL. Jacky Chamoun says pictures are three years old; Lebanese Olympic Committee will not send athlete back.
Posted: February 11, 2014
UAE. ATM roadshow arrives in Beirut as the country benefits from a spending surge by tourists visiting the popular Middle East destination.
Posted: February 7, 2014
LEBANON. The Fund outperformed Barclays Global Aggregate Credit Total Return Index, which recorded 1.56% during that same period, according to Barclays Analytics and Research.
Posted: February 4, 2014
INTERNATIONAL. "Al-Qaeda announces it is not linked to the Islamic State of Iraq and the Levant, as it was not informed of its creation... (and) did not accept it," a statement said.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 19, 2014
UAE. Key sectors driving growth in the housing market are the tourism, hospitality, education and healthcare sectors, which is translating into robust population growth and demand.
date:Posted: April 17, 2014
KUWAIT. According to a newly released report by Kuwait Finance House Research, the global sukuk market saw a modest volume of US$31.14 billion in new sukuk issuances in 1Q2014. This volume represents a drop of 9.82% compared to US$34.53 billion worth of issuances in 1Q13.
date:Posted: April 16, 2014
INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.
INTERNATIONAL. It's now up to the new government to get real shale development in motion, and for Turkey to face up to its own strategic realities and join forces with Ukraine to harness LNG potential.
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