Breakdown of the Lebanese government’s main sources of revenue

One way to close down the debt and bring more revenues to the government is by increasing the taxes on the illegal sea resorts. Here's a cool guide to Lebanon's public debt also posted by Executive. Since its introduction in February 2002, Lebanon's value added tax has been a major source of cash for the government, regularly providing approximately a quarter of its income. Customs duties, on the other hand, have not been nearly so…

Lebanese Canadian Bank Settles Case With U.S. by Paying $102 Million

Via Flickr Does that mean the bank is allowed to reopen? Maybe under a different name? Lebanese Canadian Bank agreed to pay $102 million to settle a U.S. government lawsuit alleging it took part in a scheme to launder drug-trafficking money and other funds for terrorists, prosecutors said. The now-defunct Beirut-based bank will forfeit the funds to the U.S. under an agreement approved today by a federal judge, according to a statement from the office…
Critiques

Fadel Shaker: du Micro à la Kalach

12 years ago
I will never understand how this romantic singer turned into an extremist and an outlaw all of a sudden. It’s hard to believe it was only Al-Assir’s influence that changed his mind. The only other ...
Information

Carlos Slim Helou: 60 is the new 30

12 years ago
I love his advice to the European countries. I am sure the streets will be filled with demonstrators if his view was implemented. Billionaire Carlos Slim, age 73, says workers—those in developed economies, anyway—are at ...
Humor

Al-Assir spelt wrong on TV

12 years ago
Via Trella I don’t know which TV that is yet but that’s hilarious! Update: It’s from a Syrian TV. ...
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تحية للجيش

12 years ago
Nice ad from Rifai. ...
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