THE NEW ROL EUROBOND ISSUE
The Lebanese Ministry of Finance has successfully closed a new Republic of Lebanon (ROL) Eurobond issue raising $1.2 billion in the aggregate.
ABL RECOMMENDS BANKS TO LOWER INTEREST RATES ON SHORT-TERM LBP-DENOMINATED DEPOSITS
The ABL’s Board of Directors urged Lebanese banks to lower interest rates on new or renewed short-term (less than one year) Lebanese pound-denominated deposits to 6.25%.
BEIRUT HOTEL PERFORMANCE IN JANUARY 2010
According to Deloitte’s latest report on hotel Performance in the Middle East and Africa regions, Beirut achieved a 33.4% annual increase in revenue per available room (revPAR) to $118.76 during the month of January 2010.
NON-FARM PAYROLLS IN FEBRUARY 2010
The U.S. Labor Department stated a 36,000 contraction in non-farm payrolls during the month of February 2010 to 129.5 million.
