Statistics released by the governmentsubsidized program “KAFALAT” uncover a sizeable increase in the number of guarantees extended by Kafalat for the first eight months of 2008 to 606.
Registered Construction Permits In August 2008
According to the Order of Engineers' statistics, Lebanon’s registered construction permits amounted to 750,675 sqm in August 2008.
Balance Of Trade Up To July 2008
On the current account side of the balance of payment, the Higher Customs Council revealed that Lebanon’s balance of trade deficit widened by $1.91 billion year-on-year to $6.90 billion as at end of July 2008.
Kuwait Allocates $131.5 Billion For Economic Diversification
According to Reuters, Kuwait is planning to exploit its record oil revenues in a range of mega projects in an endeavor to diversify the country’s oil dependent economy.
Congress Approves $700 Billion Financial Bailout Plan
The U.S. Congress approved on Friday October 3, 2008 a $700 billion funding plan aimed at providing liquidity to the tumbling US financial markets and preventing a worldwide financial crisis.
