Cabym's Weblog

the Reference blog for financial investment in Lebanon

Archive for Business News

Alpha banks see 20 percent profit rise in first nine months

Alpha banks see 20 percent profit rise in first nine monthsFinancial indicators of the top 12 banks operating in Lebanon showed moderate growth in activity in the first nine months of 2010, Bank Audi’s Lebanon Weekly Monitor, citing the alpha report issued by Bankdata Financial Services, reported.
The report stated that loans registered a substantial growth over the aforementioned period of this year, supporting earning growth in a period that witnessed relatively tough operating conditions.
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Inadequate energy infrastructure key obstacle for Lebanese SMEs

Lebanese Small and Medium Enterprises (SMEs) suffer from a number of constraints, but the inadequate energy infrastructure in particular is a tremendous obstacle to their performance, said Chargee d’Affaires at the Delegation of the European Union to Lebanon Cecile Abadie.

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Euroconvention Organizes Lebanon Business and Investment Summit

Global Arab Network (GAN) has partnered with Euroconvention for The Lebanon Business and Investment Summit 2010 in Beirut – Mövenpick Hotel & Resort  on 27 & 28th September.
The following is an invitation letter from the organizers:

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Business Report: Lebanon is the real outperformer in the region

The three countries covered in this Business Forecast Report Jordan, Lebanon And Syria have all, to a greater or lesser degree, shrugged off the worst of the global economic slowdown.

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Global Blue to bring online shopping to Lebanon

Global Blue, the inventor of online tax free shopping, plans to implement its technology in the Lebanese market in August 2010. Online tax free shopping allows customers to purchase goods and services online without paying any tax normally collected at retail, such as sales tax, value added tax, among others.
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U.S. to give Lebanon 75 mln USD grant

The United States will provide Lebanon with a grant worth of 75 million U.S. dollars to help Beirut cover the its debt to the World Bank, said a statement by Lebanese Finance Minister Rayya al-Hassan’s press office on Thursday.

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Real Estate Association of Lebanon officially launched

Under the patronage of Economy and Trade Minister Mohamad Safadi, the Real Estate Association of Lebanon (R.E.A.L.) was officially launched on Wednesday, May 12, 2010, at Le Vendôme Intercontinental Hotel in Beirut. An outstanding attendance regrouped media figures, diplomats and senior figures from the real sector as well as representatives of Beirut and Mount-Lebanon Chamber of Commerce, industry and Agriculture. As it aims to be the first representative organization, R.E.A.L. mainly seeks to support the different entities operating in the real estate sector.

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