Posted By
Najib
Feb 23, 2019 05:14
World Bank elections are nearing and Lebanon has put forward a candidate that may challenge U.S. President Trump’s Choice David Malpass. In fact, the status-quo in picking the world bank president, which relied on a gentlemen's agreement between the US and its European allies, may not be respected in the upcoming elections following tensions between the Trump administration and European countries. Lebanon's candidate is Ziad Hayek, has previously served as chief executive of Lonbridge Associates…
Posted By
Najib
Feb 23, 2019 03:01
It goes without saying that non-cash payments are on the rise worldwide and I've witnessed that first hand ever since I moved to Montreal back in December. In fact, after enabling Apple Pay and installing most of the loyalty programs on my phone, I didn't even need to carry my wallet around anymore. All you need is your smartphone and a credit card when paying large amounts and that's about it. Back in Lebanon, the…
Business
5 years ago
Mabrouk! We’re three spots away from the lowest ranking awarded by Moody’s. Yesterday, Moody’s Investors Service has downgraded the Government of Lebanon’s issuer ratings to Caa1 and changed the outlook from negative to stable. Here’s ...
Business
5 years ago
Lebanon’s Central Bank issued a circular yesterday stating that all electronic money transfers from abroad be exclusively paid out in Lebanese pounds, in an attempt to limit the outpour of US dollars. The circular does ...
Business
5 years ago
The Ministry of Economy has uploaded the McKinsey full report entitled “Lebanon Economic Vision” on its website. It’s a 1274 pages long report with a long and comprehensive executive summary of around 150 pages. You ...
Business
5 years ago
In a press release issued on November 20, Facebook has announced the appointment of Lebanese Ramez Shehadi, as its managing director for the Middle East and North Africa (MENA) region. Shehadi has been an outstanding ...
Business
6 years ago
We have the world’s third largest public debt-to-GDP ratio, fiscal and electricity reforms, which are seen as priorities ,are not in place yet; inflation is the highest in five years, projection for 2018 real GDP ...
Business
6 years ago
The Syndicate of Gas Station Owners estimated the number of unlicensed gas stations in #Lebanon to be around 1,500, out of 3,000 gas stations across the country. “Less than half of the gas stations are ...
Business
6 years ago
The Consumer Price Index is still on the rise in Lebanon, standing at 7.6% in July which is the highest recorded level in the past five years. Food and non-alcoholic beverages prices rose by six ...
Business
6 years ago
Lebanon received more than $11 billion between loans and grants at the CEDRE conference last week, in a bid to support development projects and reforms in the country. We were looking for investments between $16 ...
