by Charbel Lebbos | May 31, 2021 | Arab Economy
Judicial officials said the French report is useful for the ongoing investigation in Beirut over the August 2020 blast, which decimated the country’s main port It is still not known what triggered an initial fire at the warehouse, which led to the explosion, or who...
by Charbel Lebbos | May 27, 2021 | Arab Economy, Arab News
BEIRUT: The Lebanese pound fell against the dollar Thursday, trading at LL13,000 on the black market, exchange dealers said. The dealers said they were buying the greenback for LL12,950 and selling it for LL13,050, compared to an average of LL12,750 Wednesday. They...
by Charbel Lebbos | May 27, 2021 | Arab Economy
BEIRUT: Standard & Poor’s estimated that the cost of restructuring Lebanon’s banking system could range from $23 billion to $102 billion, depending on which scenario is pursued. “Our scenarios suggest that the cost of restructuring Lebanon’s banking...
by Charbel Lebbos | May 25, 2021 | Arab Economy
Red Sea Development Company will plant more than 15 million shrubs and trees in its Red Sea Project TABUK: In line with the Saudi Vision 2030, the Red Sea Development Co. will plant more than 15 million shrubs and trees in its Red Sea Project. Raed Al-Baseet, head of...
by Charbel Lebbos | May 22, 2021 | Arab Economy
1,105 commercial and industrial activities are listed Existing companies can change status ABU DHABI: The Abu Dhabi Department of Economic Development (ADDED) has announced a list of 1,105 registered commercial and industrial activities that are open to ownership by...
by Charbel Lebbos | May 21, 2021 | Arab Economy
BEIRUT: The Central Bank said Thursday that it will sell US dollar banknotes to Lebanese banks on its Sayrafa platform at the rate of LL12,000 as of Friday until Tuesday next week. “The Governor of the Banque du Liban Riad Salameh announced that the Central Bank will...
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