Business News Lebanon

  • DOHA, Jan 21- Qatar will invest $500 million in Lebanese government U.S. dollar bonds to support Lebanon's struggling economy, the Qatari Ministry of Foreign Affairs said on Monday. "Qatar's $500 m purchase of Lebanese bonds is a welcome step, but a short-term fix as it will only kick the can down the road given Lebanon's challenges are structural," said Ehsan Khoman,...

  • DOHA, Jan 21- Qatar will invest $500 million in Lebanese government U.S. dollar bonds to support Lebanon's economy, the Qatari Ministry of Foreign Affairs said on Monday. The decision to invest came after Qatar's Emir Sheikh Tamim bin Hamad Al Thani made a brief visit to an Arab economic summit in the Lebanese capital Beirut on Sunday, during which he met Lebanese...

  • BEIRUT, Jan 19- Qatar's emir will visit Beirut on Sunday for an Arab economic summit which has been marred by regional rifts and internal Lebanese disputes even before it began. Rifts among Arab states over Syria and its ally Iran, on top of divisions inside Lebanon, have overshadowed the summit, with several leaders pulling out. Saudi Arabia, the United Arab...

  • *Payments made via Netherlands unit under scrutiny- sources. YOKOHAMA, Japan, Dec 15- Nissan Motor Co Ltd investigators are examining former Chairman Carlos Ghosn's use of an internal' CEO Reserve' fund and the role of subsidiaries in the Netherlands and other countries as part of a probe into alleged financial misconduct, two people with knowledge of the inquiry...

  • *Lebanon's Hariri to attend London investor conference. BEIRUT, Dec 10- Lebanon hopes to reap an economic dividend as resources shift away from wars in the Middle East towards peacetime development, an aide to Prime Minister-designate Saad al-Hariri said on Monday. Hariri will present this more optimistic outlook for a region ravaged by conflict in Syria, Iraq...

  • *Russia- Ukraine naval clash followed shipping holdups. BERDYANSK, Ukraine, Dec 5- When the Island Bay cargo ship arrived from Beirut at the Kerch Strait, gateway to the Azov Sea, it sailed into a perfect storm of geopolitics and bad weather. While the world digested the implications of the Nov. 25 incident, the most explosive clash in recent years, Russia said it had...

  • An Israeli army officer walks on July 25, 2014 during an army-organised tour in a tunnel said to be used by Palestinian militants from the Gaza Strip for cross-border attacks. Israel launched its military offensive aiming at destroying tunnels used by Gaza militants.

    Israel's military said on Tuesday it was beginning an operation to "expose and thwart" cross-border attack tunnels from Lebanon dug by the Lebanese militia Hezbollah.

  • TOKYO, Nov 26- Carlos Ghosn, the ousted chairman of Japan's Nissan Motor Co, is being held in Tokyo's main detention centre after allegations against him of financial misconduct. Japanese prosecutors allege Ghosn and fellow board member Greg Kelly, who is also being held for questioning, conspired to under-report by about half the 10 billion yen Ghosn earned at...

  • *Renault COO Bollore to assume Ghosn's operational role. *French government distancing itself from Ghosn. PARIS/ TOKYO, Nov 20- French carmaker Renault tapped its chief operating officer and a senior board member to fill in for embattled boss Carlos Ghosn, after an investigation by alliance partner Nissan led to his arrest on suspicion of financial misconduct.

  • By Laurence Frost and Chang-Ran Kim. PARIS/ TOKYO, Nov 20- France urged Renault on Tuesday to replace CEO Carlos Ghosn after his arrest in Japan on financial misconduct allegations, which sources said formed part of an investigation extending to its broader carmaking alliance with Nissan. In a sign Nissan may be seeking to loosen its French parent's hold on their...

  • PARIS/ TOKYO, Nov 20- France urged Renault on Tuesday to replace CEO Carlos Ghosn after his arrest in Japan on financial misconduct allegations, which sources said formed part of an investigation extending to its broader carmaking alliance with Nissan. In a sign Nissan may be seeking to loosen its French parent's hold on their alliance, the Japanese company told...

  • *Ghosn in no position to lead- French finance minister. PARIS/ TOKYO, Nov 20- France urged Renault on Tuesday to replace CEO Carlos Ghosn a day after his arrest in Japan on financial misconduct allegations, but sought to defend the carmaker's alliance with Nissan, which has been rocked by the scandal. "Carlos Ghosn is no longer in a position where he is capable of...

  • WEDNESDAY, NOVEMBER 14 JOHANNESBURG- World Bank officials to meet Zambia finance minister and government officials in the town of Livingston to discuss the economy of Africa's No. 2 copper producer, which is facing high levels of debt.. JAKARTA- Indonesia's Central Bank holds Board of Governors Meeting. ZAGREB- Croatia National Bank holds monetary policy...

  • TUESDAY, NOVEMBER 13 JOHANNESBURG- World Bank officials to meet Zambia finance ministers and government officials in the town of Livingston to discuss the economy of Africa's No. 2 copper producer, which is facing high levels of debt.. JAKARTA- Indonesia's Central Bank holds Board of Governors Meeting. MELBOURNE- Panel Participation by Guy Debelle, RBA Deputy...

  • BAGHDAD, Nov 12- While Saudi Arabia courted Iraqi leaders behind closed doors at the weekend, its arch-foe Iran made a more public showing by turning out at the Baghdad International Fair, a shop window for business in Iraq. If the region's most bitter rivalry was expected to be on display- last year dozens of Saudi companies also took part- it was an indication of how...

  • BAGHDAD, Nov 12- While Saudi Arabia courted Iraqi leaders behind closed doors at the weekend, its arch-foe Iran made a more public showing by turning out at the Baghdad International Fair, a shop window for business in Iraq. If the region's most bitter rivalry was expected to be on display- last year dozens of Saudi companies also took part- it was an indication of how...

  • ISTANBUL/ MANBIJ, Syria Nov 1- Turkish and U.S. troops began joint patrols in northern Syria on Thursday aimed at averting clashes between Turkey and Washington's Kurdish allies, but Turkey pressed on with a new threatened offensive nearby to crush the Kurds. Turkish military advances into northern Syria over the past two years have put U.S. forces directly in...

  • *Lebanon's first real estate investment platform. BEIRUT, Oct 12- Dark apartment windows vastly outnumber the lit in the quiet night streets of Beirut's waterfront and central districts, a reminder of Lebanon's long economic and real estate slump. Legacy Central, which aims to raise $1 billion in equity and debt in three $325 million stages, says it will invest...

  • The SEC said Deeba's brothers, both Lebanese citizens, avoided $581,170 of losses by selling their stock before Qualys revealed the shortfall and cut its full-year revenue forecast on May 4, 2015. The SEC said Deeba, of San Francisco, also accepted a two-year officer and director ban, and did not admit or deny wrongdoing. The SEC declined to comment.

  • *Lebanon nearly 3 months without government. That all comes at a time of renewed political uncertainty as Lebanon nears three months without a government. With growth low and traditional sources of foreign exchange- tourism, real estate and foreign investment- undermined by years of regional tension, Lebanon is now relying more on the billions of dollars...