Browsing: Business

Lebanon’s top diplomat, Foreign Minister Abdallah Bou Habib said said the country is eager to work with Cyprus on exploring potential natural gas deposits in waters between the two east Mediterranean countries, even though an offshore agreement hasn’t been finalized

The rating agency Fitch upgraded Saudi Arabia’s sovereign credit outlook from stable to positive, citing an improvement in the country’s balance sheet as a result of higher oil revenues. The Saudi Arabian government expects to post its first budget surplus

A new agreement between Eni and EGAS aims to increase gas production and exports of liquefied natural gas. Magdy Galal, Chairman of EGAS, and Guido Brusco, COO of Eni Natural Resources, signed the agreement in Cairo with the objective of

Forbes magazine has published its ranking of the world’s billionaires and the richest people for the year 2022, particularly those who have fortunes that have reached or exceeded one billion dollars. It was the first time ever that Elon Musk

The Iraqi Ministry of Industry and Minerals said in a statement on Tuesday that Iraq ranks first in the world for sulfur reserves, noting in particular that more than 400 million tons of sedimentary sulfur reserves are found in the

The International Monetary Fund and Lebanon have reached a tentative agreement on Economic Policies with Lebanon for a Four-Year Extended Fund Facility. However, financial experts and analysts remain unconvinced that the Lebanese political elite, widely criticized for rampant corruption, will

Jordanian Finance Minister Mohammad Al-Ississ discussed ways to enhance bilateral cooperation in the areas of finance, tax and customs with Saudi Finance Minister Mohammad Al-Jadaan. In the course of the meeting which was held at the sidelines of the Joint

On Monday, the Minister of Public Works and Transportation in Lebanon, Ali Hamieh, welcomed Vahagn Atabekyan, the Armenian Ambassador to Lebanon. During the meeting, the pair discussed bilateral relations between Lebanese and Armenians, as well as the newly established Armenian

In protest of judicial decisions against Fransabank, Credit Bank, Banque du Liban et d’Outre Mer, Bank of Beirut, Societe Generale, Bankmed, and Aoudi Bank, Lebanon’s banks went on strike for two days further exacerbating the beleaguered financial crisis in the

Riad Salameh, Lebanon’s central bank governor, was charged with illegal enrichment and money laundering during the country’s economic collapse. Investigative judge Ghada Aoun told the Mount Lebanon district court that she charged Governor Riad Salameh as well as his brother,