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Salameh says growth in economy will be negative in 2013
The “An-Nahar” daily was able to obtain a copy of the presentation that Lebanon’s Central Bank bank governor Riad Salameh made to the cabinet last week in which he warned of the consequences of the...
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Salameh rang the opening bell at London Stock Exchange
Lebanon’s Central Bank Governor Riad Salameh opened on Monday the trading session when he rang the opening bell at The London Stock Exchange, National News Agency ( NNA ) reported. Salameh headed a...
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Syria Conflict Prompts Lebanon Central Bank Action
Lebanon’s central bank is preparing a stimulus package to revive growth in an economy hit by armed conflict in neighboring Syria, the country’s central bank governor said. Riad Salameh said in an...
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Profits of Lebanese banks in Syria plunge – report
Profits of Lebanese bank subsidiaries operating in Syria plunged more than 69 percent in the first nine months of the year, as the two-year revolt against Bashar Al Assad and international sanctions...
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Salameh assures the Lebanese ” No recession in 2013″
Central Bank Governor Riad Salameh assured the financial community on Monday that the Central Bank of Lebanon will maintain monetary stability in 2013, stressing that the country had only witnessed a...
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Worlds largest airline: American, US Airways merge
American Airlines, a storied but struggling carrier that sought bankruptcy protection 15 months ago, has agreed to merge with US Airways, creating what will be the largest carrier in the world. After...
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Devaluation: Venezuelans queue before price raise
Venezuelans lined up to purchase airline tickets and TVs this weekend in a bid to protect themselves from price increases after ailing President Hugo Chavez devalued the bolivar for a fifth time in...
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Salameh: Lebanese pound, banks safe amid Syria crisis
Lebanese Central Bank Governor Riad Salameh comments on the outlook for Syrian banks and economy. He spoke in a Feb. 16 interview from his Beirut office with Bloomberg’s reporter Donna Abu-Nasr. On the...
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Lebanon’s plan to raise public pay dismays finance minister
Lebanon’s cabinet referred a draft law on a new public wage scale to parliament early on Friday, bowing to popular pressure but endangering efforts to control a runaway budget deficit. Finance Minister...
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Syrian regime raises army wages
Syrian President Bashar al-Assad ordered a pay rise on Saturday for all military and civil service personnel, as his regime sought to give its loyalists some protection against soaring inflation....
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Impact of Syrian crisis on Lebanon, Jordan, UN report
Beirut — A new UN report has highlighted the impact of the Syrian crisis on neighboring Lebanon and Jordan, with serious economic dislocation recorded in all three countries since the start of the...
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Iran’s Rouhani blasts Ahmadinejad over economy
TEHRAN, Iran — Iran’s president-elect leveled his broadest criticism of the outgoing administration of Mahmoud Ahmadinejad since June’s election, saying Monday that some key economic metrics are worse...
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Plunging currency adds to Syria’s gloom
BEIRUT , Lebanon — After more than two years of relentless conflict, Syria’s government is desperately trying to avert a secondary crisis: a sharp decline in the Syrian currency, which is adding to the...
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Lebanon trying to improve its foreign currency liquidity
Lebanon’s central bank has been selling some of its holdings of international bonds issued by the Lebanese government to improve its foreign currency liquidity, central bank governor Riad Salameh said...
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Venezuelan military seizes major retail chain
Thousands of Venezuelans lined up outside the country’s equivalent of Best Buy, a chain of electronics stores known as Daka, hoping for a bargain after the socialist government forced the company to...
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Venezuela jails 100 businessmen in crackdown
Venezuela’s socialist government has arrested more than 100 “bourgeois” businessmen in a crackdown on alleged price-gouging at hundreds of shops and companies since the weekend, President Nicolas...
View ArticleU.S. gets tough on Iran (sometimes)
The U.S. and Europe are implementing the toughest sanctions yet on Iran to stop its leaders from developing nuclear weapons. The measures have succeeded in making life harder for regular Iranians;...
View ArticleIran to curb free market in sinking Rial currency
Iran is working to shrink and eventually eliminate the free market in its tumbling rial currency, the economy minister was quoted as saying amid signs that foreign exchange trade outside a...
View ArticleIranians abandon meat for bread as Rial collapses
Iran’s freefalling currency is turning meat into a luxury, sparking overnight price surges and spurring shoppers to stockpile goods. “Most of my customers just look at products behind the window and...
View ArticleIran’s Currency Traders Shut Shops as Police Patrol Tehran
Foreign currency shops in Tehran remained shuttered or failed to display prices today while hundreds of Iranian riot police remained in the downtown area a day after protests over the tumbling national...
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