Latest News in Lebanon - LatestNewsinLebanon.com

Almost $50000 in cash valuables stolen in spate of thefts

BEIRUT: Cash, valuables and other items worth approximately $47,000 were stolen in a series of thefts and burglaries in different parts of the country overnight Friday, security sources said Saturday. In Chtaura, east Lebanon, thieves broke into a house owned by Wissam Ghanim and stole $20,000 in cash as well as jewelry worth over $8,000, a gun and a hunting rifle. In Baabda's Furn ...

Beirut Traders Association launches third edition of Grow My Business competition in partnership with Bank Audi

A press conference was held on May 14, 2013, at the premises of the Beirut Traders Association (BTA) in Sanayeh, to launch the third edition of the 'Grow My Business' competition, an initiative by the BTA, in collaboration with the MIT Enterprise Forum - Pan Arab Region, and in partnership with Bank Audi sal - Audi Saradar ...

Funeral set for FrenchLebanese who drowned off Malta

The tragic death of a 49-year-old Lebanese-French man and his wife in Malta came as a shock to the residents of his hometown in the Chouf village of Joun, as they made preparations for the funeral ceremony set to take place Sunday, reported The Daily Star in ...

Lebanon parliament term likely to be extended

Beirut: In the seventy-year post-independence of Lebanon, no politician served in any position as long as the Speaker of Parliament, Nabih Berri, who was first elected to his post in 1992. Born in Sierra Leone, Berri inherited a family fortune, which he multiplied several fold. A leader of the Shi’ah Amal Party — a charitable institution created by one of the country’s genuine ...

New Sidon mufti says won’t accept bribes

Sidon alleged Saturday he was a offered bribe to step down from his post and vowed that nothing would prevent him from carrying out his duties."A political group offered that I resign in return for money and a high position and my answer was I am not willing to sell myself or make such a compromise," ...

Lebanon The Syrian refugee factor

So many Syrians are fleeing the war in their country that it has put a severe strain on neighbouring Lebanon’s infrastructure – the power grid, hospitals, transportation and other services. Rents in Lebanon have soared along with food prices. But several economists point out there are benefits from the influx of refugees, saying their spending is helping – particularly in ...

Fitch affirms Byblos Bank at B outlook stable

Byblos Bank S.A.L.'s Long-Term IDR is driven by its intrinsic strength expressed by its VR. The IDRs and VR reflect the strong correlation between sovereign and bank risks due to the bank's substantial exposure to the Lebanese sovereign through its large holding of government debt, as well as the difficult local and regional operating environment. The ratings also take into account ...