The Fate of the Syrian Pound

The use of the Syrian pound has only started in 1948 after the secession of Bank of Syria and Lebanon, which was providing a single common currency for both countries. (more…)

Steve Jobs is a biological Arab-American with roots in Syria

Steve Jobs, arguably the most influential CEO in the world, is the biological son of a man born in Syria who studied at the American University of Beirut.

ArabNet RoadShow conducts workshop on entrepreneurship

Omar Christidis worked with Dubai Internet City (DIC) for the first time last December, conducting a workshop on entrepreneurship.

His ArabNet RoadShow team, based in Beirut, travelled by bus to six countries in the Middle East and North Africa, where they held workshops to support entrepreneurs to start their own companies. (more…)

Cairo hosts largest gathering for Arab business leaders

Cairo will today host the largest business gathering for leaders of regional Arab companies and fund representatives.

Thirty Arab CEO’s and businessmen from the Gulf states, the Arab Maghreb, Jordan, Lebanon, Syria, and Egypt will participate in the meeting, (more…)

Lebanon $725 Million Bond Sale Oversubscribed

Lebanon’s sale of $725 million of Eurobonds last week to refinance debt maturing this month was three times oversubscribed, the finance ministry said in an e- mailed statement today. (more…)

Confidence returns to ME investment, report

Middle East governments and companies are raising cash again from debt and equity markets, while solid oil prices and improving economic fundamentals are helping the region recover and restructure. (more…)

Merchants: The government must provide security

The Beirut Trade Association said in a statement issued Monday that insecurity hurts business and the government must enforce its sovereignty in order to protect national unity. (more…)

BLOM bank net profit up 13 percent, report

Lebanese BLOM Bank said first-half net profit rose 13.1 percent compared with the year-ago period to $156 million, supported by a buoyant domestic economy and strong consumer demand for loans. (more…)

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. (more…)

Dubai based Lebanese plans airline in Lebanon

Georges Mousa, a Dubai-based Lebanese businessman, will launch a full-service airline from his country in the next 18 months, subject to necessary approvals.

“The plan for the airline is ready. However, we will have to wait for the Lebanese Government to open up the skies for competition,” Mousa, who owns Dubai-based Planet Group, told Gulf News.

The name of the airline is yet to be decided. (more…)