Economy – Page 5 – odiaspora.org

Bassil holds foreign contacts to help export Lebanese apples

11 October 2016

NNA – Foreign Minister Gebran Bassil held on Monday a series of contacts with officials and diplomats abroad in an attempt to facilitate the exportation of Lebanon’s apple production. Bassil mainly spoke with his counterparts in Russia, Egypt, Sudan, Iraq, Jordan, and Algeria; talks featured […]

Angry Construction Workers Block Saudi Road over Unpaid Wages

2 October 2016

Hundreds of angry Foreign staffs have staged a protest and have blocked the road over unpaid wages in Saudi Arabia’s Eastern province. Scores of foreign staff at Saudi Arabian company the Saad Group blocked a road in the Eastern Province on Tuesday as part of […]

Saudis, Iran Dash Hopes for OPEC Oil Deal in Algeria

28 September 2016

ALGIERS — Saudi Arabia and Iran on Tuesday dashed hopes that OPEC oil producers could clinch an output-limiting deal in Algeria this week as sources within the exporter group said the differences between the kingdom and Tehran remained too wide. “This is a consultative meeting… […]

Saudi Arabia Slashes Ministers’ Pay, Cuts Public Sector Bonuses

27 September 2016

RIYADH — Saudi Arabia will cut ministers’ salaries by 20 percent and scale back financial perks for public sector employees, according to a Cabinet statement and royal decree broadcast on state-run Ekhbariya TV on Monday. It was the first announcement of pay cuts for government […]

English

How Lebanon can encourage expats to invest in country

22 September 2016

As chairman of the Economic Committee at the World Lebanese Cultural Union, my role and the role of the body is to maintain, encourage, develop and increase trade, commercial and investment relations between the Lebanese diaspora around the world and Lebanon. BDL’s figures show Lebanese […]

Can Gulf-dependent Lebanon weather the storm of low oil prices?

25 August 2016

BEIRUT // Lebanon’s economy has long depended on the Arab Gulf states. Hundreds of thousands of Lebanese work there, sending their savings home to relatives. It is the main destination for exports — both human capital and produced goods — as well as the leading […]

Lebanon’s economy projected to grow by 1.2% in 2016

23 August 2016

BEIRUT: Lebanon’s economic growth for 2016 is forecast to increase by 1.2 percent, according to a recent survey of economists, up from the group’s consensus of 0.7 percent growth for the year when polled in January. The Economena Analytics survey of 17 economists found that […]

Jordan gets $100 million for education of Syrian refugees

23 August 2016

AMMAN, Jordan: Donor countries have pledged close to $100 million to help Jordan enroll all Syrian refugee children in the kingdom in schools next month. In the previous school year, 145,000 Syrian children in Jordan attended school, while 91,000 didn’t, in part because of overcrowding. […]

Because of Syrian war, Lebanon’s tobacco industry is booming

19 August 2016

BEIRUT: Syria’s conflict has caused hundreds of thousands of refugees to flee to Lebanon, putting a huge strain on the Lebanese economy and its already-crumbling infrastructure. But the five-year Syrian civil war has been a boon for at least one economic sector: the tobacco industry. […]

Move Over Saudi Arabia, Russia Is Selling More Oil To China Than You

6 August 2016

Tweet This Russia is challenging Saudi Arabia’s spot as top oil exporter to China Russia is challenging Saudi Arabia’s spot as top oil exporter to China . In fact, Russia has sold more oil to China than the Saudis seven times since May 2015. According […]

Saudi Arabia turns inside out to save its economy

30 July 2016

Saudi Arabia wants to be the world gas station no longer. Can the kingdom build a new economy? Will the Russian business be able to enter the Saudi market? Pravda.Ru talked about it in an interview with orientalist and expert on doing business in the […]

Lebanon is suffering from the burden of global sanctions

21 June 2016

After the bomb attack that hit the headquarters of Blom Bank in Beirut this month, US financial sanctions against Hizbollah are threatening to pose an internal problem for Lebanon. “For those who are not aware, most of the sanctions were initially directed against American banks […]