Business Lebanon

  • BEIRUT, Oct 26- Iran's carpet makers are distancing themselves from their government in promoting their handmade work as they seek to regain valuable U.S. sales and protect jobs following the removal of economic sanctions. Years of sanctions had helped Iran's three main competitors in handmade carpets- India, Pakistan and Turkey- establish themselves in many...

  • DUBAI, Oct 16- Saudi Oger has begun talks with potential buyers for its 20.93 percent stake in Arab Bank in a deal that could raise about $1 billion for the embattled construction giant, sources aware of the matter told Reuters. A small number of potential buyers from Saudi Arabia and the wider Middle East have started negotiations, five sources said on condition...

  • DUBAI, Oct 16- Saudi Oger has begun talks with potential buyers for its 20.93 percent stake in Arab Bank in a deal that could raise about $1 billion for the embattled construction giant, sources aware of the matter told Reuters. Among the interested parties vying for the Arab Bank stake is Saudi Arabia's al-Hokair family, two of the sources said.

  • MADRID, Oct 13- A centuries-old tapestry factory in Spain has come back from the brink of bankruptcy after an injection of public money, a debt restructuring plan and its biggest order in 200 years- a German commission for dozens of tapestries. The turnaround of the 296- year-old Royal Tapestry Factory in Madrid is a rare bright spot for Spanish companies facing...

  • WASHINGTON, Oct 4- Iran signed the first oil output contract under a new, less restrictive model on Tuesday, Iranian oil officials were quoted as saying, with a firm identified by the United States as part of a conglomerate controlled by Iran's Supreme Leader. The U.S. Treasury Department named Persia Oil& Gas in 2013 as part of Setad Ejraiye Farman-e Emam, or Setad, a...

  • Sept 25- Iran introduced credit cards for the first time on Sunday, the Iranian Students' News Agency reported. Iran is looking to bolster its oil production and economy after world powers in January lifted sanctions against the Islamic Republic in return for Tehran complying with a deal to curb its nuclear ambitions. Valiollah Seif, the head of the central bank...

  • Sept 25- Iran introduced credit cards for the first time on Sunday, the Iranian Students' News Agency reported. Iran is looking to bolster its oil production and economy after world powers in January lifted sanctions against the Islamic Republic in return for Tehran complying with a deal to curb its nuclear ambitions. Valiollah Seif, the head of the central bank...

  • ABU DHABI/ BEIRUT, Sept 19- Syria's wheat harvest nearly halved to 1.3 million tonnes this year, the lowest in 27 years, as fighting and poor rainfall further degraded the farming sector and the nation's ability to feed itself. The government of President Bashar al-Assad was forced to tender this summer for an unprecedented 1.35 million tonnes of imported wheat...

  • Russian President Vladimir Putin meets Foreign Minister Sergei Lavrov at the Kremlin in Moscow, Russia, March 14, 2016.

    Moscow stepped up its war of words with Washington, saying air strikes by a U.S.-led coalition on the Syrian army threatened a ceasefire plan.

  • *Air strikes jeopardise Syria ceasefire plan, Russia says. MOSCOW, Sept 18- Moscow stepped up its war of words with Washington on Sunday, saying air strikes by a U.S.-led coalition on the Syrian army threatened the implementation of a U.S.-Russian ceasefire plan for Syria and bordered on connivance with Islamic State. The Syrian Observatory for Human Rights, a...

  • *Syria says U.S.-led jets hit its position in Deir al-Zor. BEIRUT/ MOSCOW, Sept 17- U.S.-led coalition air strikes killed dozens of Syrian soldiers on Saturday, Russia and a monitoring group said, putting a U.S.-Russian brokered ceasefire in jeopardy and prompting an emergency U.N. Security Council meeting. The United States military said the coalition stopped...

  • DUBAI/ RIYADH, Sept 8- The Saudi Arabian government has ended talks aimed at saving construction giant Saudi Oger, which is now facing the prospect of a multi-billion-dollar debt restructuring to stave off collapse, according to sources aware of the matter. Oger, owned by the family of former Lebanese Prime Minister Saad Hariri, was one of two mega-contractors...

  • VIENTIANE/ GENEVA, July 26- The United States said on Tuesday it hoped to announce in early August details of planned military cooperation and intelligence sharing with Russia on Syria, and a United Nations envoy said he would also aim to resume peace talks next month. Secretary of State John Kerry said Washington and Moscow, which support opposing sides in...

  • VIENTIANE/ GENEVA, July 26- The United States said on Tuesday it hoped to announce in early August details of planned military cooperation and intelligence sharing with Russia on Syria, and a U.N. envoy said he would also aim to resume peace talks next month. Secretary of State John Kerry said Washington and Moscow, who support opposing sides in Syria's...

  • Lebanon in political deadlock: Salameh

    Central Bank of Lebanon’s governor, Riad Salameh talks to CNBC about the political state of Lebanon and why the country has to develop internal demand and competitiveness.

  • How will US sanctions affect Lebanon?

    CNBC's Hadley Gamble interviews Riad Salameh, governor of the Central Bank of Lebanon, who talks about the impact of U.S. sanctions on Hezbollah.

  • Lebanon is in political deadlock: Governor

    CNBC's Hadley Gamble interviews Riad Salameh, governor of the Central Bank of Lebanon, about the problems facing the country and its politicians.

  • Bomb-sniffing dog finds 2 missiles bound for Portland

    A sniffer dog discovers two missiles with explosive warheads on a passenger flight from Lebanon.

  • More than 120 killed in Damascus and Homs

    CNBC's Hadley Gamble reports on conflict in the Middle East, where bomb blasts killed at least 120 people in two Syrian cities.

  • Korean tourists pose for a selfie outside the Louvre musem on Nov. 15, 2015 in Paris.

    Despite the latest string of terror attacks, international travel and tourism will not decline as much as one might expect.