Business News Lebanon

  • *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...

  • BEIRUT, Aug 14- Syrian authorities, seeking to attract foreign currency deposits, outlined terms on Tuesday for new certificates of deposit the government this month allowed the central bank to issue. Banks in Syria can now place surplus foreign currency in euros and dollars into certificates of deposit in the central bank, the central bank's Credit and...

  • *Iran has nothing to worry about- top leader Khamenei. BEIJING/ BERLIN, Aug 8- China and Germany defended their business ties with Iran on Wednesday in the face of President Donald Trump's warning that any companies trading with the Islamic Republic would be barred from the United States. The comments from Beijing and Berlin signalled growing anger from partners...

  • *Iran has nothing to worry about- top leader Khamenei. BEIJING/ BERLIN, Aug 8- China and Germany defended their business ties with Iran on Wednesday in the face of President Donald Trump's warning that any companies trading with the Islamic Republic would be barred from the United States. The comments from Beijing and Berlin signaled growing anger from partners...

  • *Anger follows Trump tweet, reimposition of Iran sanctions. BEIJING/ BERLIN, Aug 8- China and Germany defended their business ties with Iran on Wednesday in the face of President Donald Trump's warning that any companies trading with the Islamic Republic would be barred from the United States. The comments from Beijing and Berlin signalled growing anger from...

  • *Trump says firms dealing with Iran will not do business with U.S. BEIRUT/ LONDON, Aug 7- Companies doing business with Iran will be barred from the United States, President Donald Trump said on Tuesday, as new U.S. sanctions took effect despite pleas from Washington's allies. Iran dismissed a last-minute offer from the Trump administration for talks, saying it...

  • *Trump: firms dealing with Iran will not do business with U.S. BEIRUT/ LONDON, Aug 7- Firms doing business with Iran will be barred from the United States, President Donald Trump said on Tuesday, as new U.S. sanctions took effect in spite of pleas from Washington's allies. Iran dismissed a last-minute offer from the Trump administration for talks, saying it could not...

  • BEIRUT, July 31- Lebanon's economy is fragile, unsustainable and needs the state to enact reforms, a senior World Bank official said on Tuesday as the country neared three months without a government since parliamentary elections in May. "Lebanon has been defying gravity for quite some time," World Bank Group Vice President for the Middle East and North Africa...

  • BEIRUT- Lebanon will host its 26th Arab Economic Forum. LONDON- Zambia Finance Minister Mwanakatwe speaks at Chatham House 0800 GMT. FALLS CHURCH, Virginia- Federal Reserve Bank of Atlanta President Raphael Bostic participates in Town Hall chat before the Northern Chapter Virginia Society of Certified Public Accountants- 1630 GMT.

  • BEIRUT, July 12- Lebanon's Central Bank Governor Riad Salameh said on Thursday he expects the economy to grow 2 percent and for inflation to be 4-5 percent in 2018, noting that financial markets were awaiting the formation of a new government. Lebanon has been suffering weak growth since 2011, hit by regional turmoil. Salameh noted the political situation in...

  • BEIRUT, July 12- Lebanon's Central Bank Governor Riad Salameh said on Thursday he expects the economy to grow by 2 percent and for inflation to be 4-5 percent in 2018.. Speaking at an economic conference in Beirut, Salameh said the estimates were made in the light of a slowdown in the real estate sector and stable consumption. Lebanon's economy relies on the...

  • BEIRUT, July 12- Lebanon's Central Bank Governor Riad Salameh said on Thursday he expects the economy to grow by 2 percent in 2018..

  • BRUSSELS- German Finance Minister Olaf Scholz speaks at the European Parliament about his plans to reform the euro zone- 0700 GMT. FRANKFURT- The European Central Bank publishes the accounts of its policy meeting of June 13-14- 1130 GMT. BRUSSELS- ECB President Mario Draghi and ECB Board Member Benoit Coeure participating in Eurogroup meeting in Brussels,...

  • PARIS- ECB policymaker Francois Villeroy de Galhau speaks at an annual financial services conference in Paris 0700 GMT. PARIS- French Finance Minister Bruno Le Maire gives an annual address to the financial sector at a conference in Paris 1100 GMT. FRANKFURT, Germany- ECB Chief Economist Peter Praet participates in chairing Session 1 of 9th ECB Statistics...

  • **FRANKFURT- European Central Bank supervisor Ignazio Angeloni gives the dinner speech at the ECB Central Banking Seminar- 1630 GMT. LONDON- Bank of England organizing a conference on Economics and Psychology: New ways of thinking about economic policy. FRANKFURT, Germany- Dinner speech by Sabine Lautenschlager, member of the ECB's executive board at 9th ECB...

  • **FRANKFURT- ECB Chief Economist Peter Praet gives introductory remarks at the ECB Central Banking Seminar "Formulation and implementation of monetary policy in the euro area" in Frankfurt, Germany- 0700 GMT. **BRUSSELS- ECB President Mario Draghi gives introductory statement in his capacity as ESRB Chair at ECON hearing at the European Parliament in Brussels,...

  • **FRANKFURT- ECB Chief Economist Peter Praet gives introductory remarks at the ECB Central Banking Seminar "Formulation and implementation of monetary policy in the euro area" in Frankfurt, Germany- 0700 GMT. **BRUSSELS- ECB President Mario Draghi gives introductory statement in his capacity as ESRB Chair at ECON hearing at the European Parliament in Brussels,...

  • **FRANKFURT- ECB Chief Economist Peter Praet gives introductory remarks at the ECB Central Banking Seminar "Formulation and implementation of monetary policy in the euro area" in Frankfurt, Germany- 0700 GMT. **BRUSSELS- ECB President Mario Draghi gives introductory statement in his capacity as ESRB Chair at ECON hearing at the European Parliament in Brussels,...