Beirut Airport Activity In February 2009

The Beirut International Airport (BIA) activity rallied by a staggering 18.71% during the first two months of 2009 owing to a more relaxed and stable political environment.

IMF Extends $4 Million Donation to Lebanon

According to the Lebanese press, the Lebanese Minister of Finance penned a donation agreement with the International Monetary Fund (IMF) for a total consideration of $4 million.

Tax Free Shopping Up To February 2009

The Global Refund on Tax Free shopping report revealed a significant 23% year-on-year (y-o-y) expansion in Lebanon’s Tax free spending through February 2009

The Saudi Stock Exchange

On a weekly basis, the Tadawul All Shares Index extended its losing streak for a fifth consecutive week, plummeting by 5.02% for the week to 4,130.15 points.

Trade Gap in January 2009

The U.S. Department of Commerce conveyed a 9.7% contraction in its January 2009 balance of trade deficit to $36 billion down from $39.87 billion in December.