Business News Lebanon

  • *Israel to begin gas exports to Egypt in three to four months. *New connections could be built between Israel and Egypt. CAIRO, July 24- Israel will begin natural gas exports to Egypt within four months, Energy Minister Yuval Steinitz told Reuters on Wednesday.

  • CAIRO, July 24- Israel will begin natural gas exports to Egypt within four months, Energy Minister Yuval Steinitz told Reuters on Wednesday. Steinitz also said that a deal to buy stakes in the East Mediterranean Gas Company's pipeline between between Ashkelon in Israel and El-Arish in Egypt will be completed "within weeks" and that more connections could be...

  • *Grace 1 apparently sailed from Iran- mapping data. *US, Iran in confrontation over unravelling nuclear deal. LONDON/ DUBAI, July 4- British Royal Marines seized a giant Iranian oil tanker in Gibraltar on Thursday for trying to take oil to Syria in violation of EU sanctions, a dramatic step that drew Tehran's fury and could escalate its confrontation with the West.

  • *Grace 1 apparently sailed from Iran- mapping data. *US, Iran in confrontation over unravelling nuclear deal. LONDON, July 4- British Royal Marines seized an oil tanker in Gibraltar on Thursday accused of bringing oil to Syria in violation of EU sanctions, a dramatic step that could escalate confrontation between the West and Iran.

  • LONDON, July 4- British Royal Marines in Gibraltar have detained the supertanker Grace 1 on suspicion of carrying crude oil to Syria, the Gibraltar government said, in what a legal source said may be the first such interception of a vessel under European Union sanctions. In a statement, the Gibraltar government said it had reasonable grounds to believe that the...

  • BEIRUT, June 27- Hundreds of veterans burned tires and blocked highways in Lebanon on Thursday to protest a pension tax and benefit cuts in a 2019 budget intended to slash the country's deficit. Lebanon's public debt is 150% of GDP, among the largest in the world. In a reminder of the hurdles facing Prime Minister Saad al-Hariri's government, plumes of smoke rose...

  • BEIRUT, June 27- Hundreds of veterans burned tyres and blocked highways in Lebanon on Thursday to protest plans to tax their pensions and other measures in a 2019 budget intended to slash the country's deficit. Lebanon's public debt is 150% of GDP, among the largest in the world. In a reminder of the political issues facing Prime Minister Saad al-Hariri's...

  • BEIRUT, June 27- Hundreds of retired army officers burned tires blocking main highways into Lebanon's capital on Thursday to protest cuts to their benefits as part of the 2019 draft budget. The protests point to the landmine the government faces in trying to push spending cuts, even after Lebanon's key parties agreed the budget in a bid to stave off financial...

  • Jared Kushner participates in a panel discussion during the TIME 100 Summit 2019 on April 23, 2019 in New York City.

    The first stage of U.S. President Donald Trump's Middle East peace plan will be launched on Tuesday at a conference the White House touts as a bid to begin drumming up $50 billion in investment.

  • President Donald Trump's vision for Mideast peace has hit a raw nerve in Lebanon, reviving fears of any plan that would permanently settle Palestinian refugees in the country and shift its Christian-Muslim sectarian balance. The first part of the White House plan for peace between Israel and the Palestinians focuses on encouraging $50 billion of...

  • RIYADH/ AMMAN/ CAIRO, June 23- Arab politicians and commentators greeted U.S. Set to be presented by Trump's son-in-law, Jared Kushner, at a conference in Bahrain on Tuesday and Wednesday, the blueprint envisions a global investment fund to lift the Palestinian and neighbouring Arab economies and is part of broader efforts to revive the Israeli-Palestininan...

  • RIYADH/ AMMAN/ CAIRO, June 23- Arab politicians and commentators greeted U.S. Set to be presented by Trump's son-in-law Jared Kushner at a conference in Bahrain on June 25-26, the blueprint envisions a global investment fund to lift the Palestinian and neighboring Arab economies and is part of broader efforts to revive the Israeli-Palestininan peace process.

  • RIYADH/ AMMAN/ CAIRO, June 23- Arab politicians and commentators greeted U.S. Set to be presented by Trump's son-in-law Jared Kushner at a conference in Bahrain on June 25-26, the blueprint envisions a global investment fund to lift the Palestinian and neighbouring Arab economies and is part of broader efforts to revive the Israeli-Palestininan peace process.

  • *$50 billion plan to be discussed next week in Bahrain. In Israel, Tzachi Hanegbi, a cabinet member close to Prime Minister Benjamin Netanyahu, called Palestinians' rejection of the $50 billion "peace to prosperity" plan tragic. But the lack of a political solution, which Washington has said would be unveiled later, prompted rejection not only from Palestinians but...

  • *$50 billion plan to be discussed next week in Bahrain. The $50 billion "peace to prosperity" plan, set to be presented by Trump's son-in-law Jared Kushner at a conference in Bahrain next week, envisions a global investment fund to lift the Palestinian and neighbouring Arab state economies. But the lack of a political solution, which Washington has said would be...

  • LONDON, June 17- The wife of former Nissan Motor chairman Carlos Ghosn urged U.S. "I'd like President Trump to speak to Prime Minister Abe about fair conditions, fair trial conditions and to let me speak to my husband and also to respect this presumption of innocence until proven guilty," Beirut- born Carole Ghosn, who has a U.S. passport, told the BBC.

  • LONDON, June 17- The wife of former Nissan Motor chairman Carlos Ghosn urged U.S. "I'd like President Trump to speak to Prime Minister Abe about fair conditions, fair trial conditions and to let me speak to my husband and also to respect this presumption of innocence until proven guilty," Beirut- born Carole Ghosn, who has a U.S. passport, told the BBC.

  • *Lebanon has one of world's highest public debt burdens. BEIRUT, May 21- Heavily-indebted Lebanon is close to finalizing its draft 2019 budget aimed at cutting the deficit to 7.6% of gross domestic product despite social protests over feared benefits losses. Lebanon's ministers will convene again on Wednesday for a final reading of the draft budget,...

  • *Lebanon to muddle through May debt maturity. LONDON, May 20- Lebanon's impasse in agreeing a credible fiscal reform plan and deteriorating global market conditions means it may struggle to refinance key foreign currency debts coming due this year, unnerving overseas investors. Lebanon's cabinet talks will convene again on Monday after about a dozen...

  • *Lebanon to muddle through May debt maturity. LONDON, May 17- Lebanon's impasse in agreeing a credible fiscal reform plan and deteriorating global market conditions means it may struggle to refinance key foreign currency debts coming due this year, unnerving overseas investors. Prime Minister Saad al-Hariri has said this may be the most austere budget in...