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Business Lebanon


  • WASHINGTON, June 9- The State Department notified Congress on Tuesday that it has approved potential arms deals worth nearly $2.4 billion with South Korea and Lebanon, including three Aegis Shipboard Combat Systems for Seoul and six close air support planes for Beirut. The two separate notifications were to advise Congress of potential sales but do not mean...

  • Dubai counting on security, money, international links. Dubai is launching a drive to become one of the Arab world's top centres for art, design, film and fashion- areas that have traditionally been dominated by old Arab cities outside the Gulf. But Dubai has advantages which the old cities can find it hard to provide: security, cosmopolitan lifestyles and...

  • ISTANBUL, April 6- Al Qaeda's official Syrian wing, the Nusra Front, kidnapped 300 Kurdish men in the country's north, a Kurdish official in Syria said on Monday. Idris Nassan, an official in the Kobani canton, said the men were taken on Sunday evening as they were travelling from the town of Afrin, which is under Kurdish control, to the cities of Aleppo and the capital...


  • FRANKFURT/ NEW YORK, Feb 20- Relatives of U.S. soldiers killed and wounded in a 1983 Beirut bombing have been barred by a U.S. judge from seeking $1.6 billion in assets belonging to Iran's central bank and held by a unit of German exchange operator Deutsche Boerse. District Judge Katherine Forrest in New York said in a decision released on Friday that they could not...

  • BUSINESS-NEWS-SCHEDULE AT 1930 GMT / 2:30 p.m. ET Friday, 20 Feb 2015 | 3:01 PM ET

    No deal yet in U.S. West Coast port dispute. SAN FRANCISCO- Shipping executives and union leaders for dockworkers at 29 U.S. West Coast ports remain locked in a dispute as talks, brokered by the U.S. labor secretary, head into a fourth straight day. WASHINGTON- The Obama administration says it will create a special enrollment period for tax filers who were unaware...

  • FRANKFURT/ NEW YORK, Feb 20- A U.S. judge has dismissed a lawsuit tied to the 1983 Beirut bombing that seeks $1.6 billion in assets belonging to Iran's central bank and held by a unit of German exchange operator Deutsche Boerse, the German company said Friday. In another case in 2013, Clearstream Banking SA, the clearing unit for Deutsche Boerse AG, agreed to transfer...

  • Harwood: On a diplomatic track for now Wednesday, 5 Mar 2014 | 3:31 PM ET
    Harwood: On a diplomatic track for now

    CNBC's John Harwood reacts to Secretary of State John Kerry's comments on the Ukrainian crisis.

  • Sec. Kerry: Hope ideas lead to de-escalation Wednesday, 5 Mar 2014 | 3:28 PM ET
    Sec. Kerry: Hope ideas lead to de-escalation

    Secretary of State John Kerry discusses the parameters of his discussions with Foreign Minister Sergey Lavrov.

  • Sec. Kerry: US will not allow Ukraine sovereignty to be violated

    Secretary of State John Kerry has agreed to continue discussions to help stabilize and overcome the crisis in Ukraine. Kerry also commented on Lebanon saying the U.S. is deeply concerned about security and sovereignty of the people of Lebanon.

  • Lebanon's borrowing premium 'normal': Central Bank Governor

    Riad Salameh, governor of the Central Bank of Lebanon, discusses the country's economy and says the Syrian conflict is a "burden" for Lebanon.

  • Former Israeli prime minister Ariel Sharon dies Saturday, 11 Jan 2014 | 8:18 AM ET
    Israeli right-wing opposition leader Ariel Sharon gestures during a visit to an army lookout in Tovlan in the Jordan valley 03 January 2001.

    Ariel Sharon, the former Israeli prime minister and military leader, has died in hospital aged 85.

  • Darwinian economics: Downturns spark start-up booms Thursday, 21 Nov 2013 | 10:46 AM ET
    Linda Rottenberg

    An expert on high-impact entrepreneurship, Endeavor's Linda Rottenberg, explains why economic adversity sparks innovation and small business creation.

  • US pulls Lebanon, Turkey diplomats; Iraq hit next? Friday, 6 Sep 2013 | 8:19 AM ET
    Participants of the G20 Finance Ministers and Central Bank Governors' meeting on July 20

    The State Department ordered nonessential U.S. diplomats to leave Lebanon due to security concerns as the Obama administration and Congress debate military strikes on Syria.

  • Obama weighs up options after Syria gas attack Saturday, 24 Aug 2013 | 11:00 PM ET

    U.S. military and national security advisers huddled with President Barack Obama at the White House on Saturday to consider options for responding to the alleged use of chemical weapons by the Syrian government this week.

  • Gargantuan 'Power Ship' Keeps Lights on in Lebanon Monday, 15 Apr 2013 | 12:25 PM ET
    Fatmagül Sultan pours 188 megawatts of electricity into Lebanon's suffering power grid every day.

    Lebanon's energy demand has jumped as hundreds of thousands of Syrian refugees have fled into Lebanon to escape the war in their country. But Lebanon may have found a fix.

  • Why the Lebanese PM's Resignation Creates Big Power Vacuum

    Ayham Kamel, Middle East analyst at Eurasia Group, says the Lebanese Prime Minister's resignation brings a lot of uncertainty as the current caretaker government will not be able to take big decisions, and also adds to the region's political instability.

  • Italy and Greece Confirm Hostages Killed in Nigeria Monday, 11 Mar 2013 | 1:57 AM ET
    Lagos, Nigeria: A rival to Chicago and Miami for your money?

    Seven foreign hostages kidnapped last month by a Nigerian Islamist group from a construction firm's compound have been killed, the Italian and Greek Foreign Ministries said.

  • Get Your Warships Here: World's Navies Flock to Lebanon Wednesday, 6 Mar 2013 | 12:55 PM ET
    French Navy flight deck operator off the coast of Lebanon.

    Newly discovered oil off the Lebanese coast has foreign militaries playing 'Battle Ship,' as they beef up their naval presence in the area.

  • Syria Crisis Hurts Jordan: Minister Friday, 25 Jan 2013 | 10:45 AM ET
    Syria Crisis Hurts Jordan: Minister

    Ibrahim Abdulaziz Al-Assaf, Saudi Arabia's finance minister, highlights the impact of Syria's crisis on neighboring Turkey and Lebanon, and in particular, Jordan.