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 […]
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 […]
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 […]
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 […]
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. […]
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. […]
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 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 […]
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 […]
Hizbullah’s top lawmaker called Monday for “balancing” between “financial and banking stability” and the requirements of national “sovereignty,” amid a row over the implementation in Lebanon of a U.S. anti-Hizbullah sanctions law. “It is a bizarre paradox that some have been demanding sovereignty and rejecting […]
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