The Economic Boom in Lebanon
http://www.dailystar.com.lb/article.asp?edition_id=1&categ_id=3&article_id=92295
"People will start filling the restaurants in the Downtown area soon after the opposition clears the camp near the Grand Serail," one broker said.
Solidere recorded a net profit of $130 million in 2007 and brokers expect similar results this year.
The company is also planning to develop a new city in Ajman, one of the seven members of the United Arab Emirates, a project that is expected to be worth more than $55 billion.
Apart from Solidere, the stocks of banks also rose considerably on Wednesday.
Bank Audi shares gained 10 percent to close at $101.80, while BLOM stocks rose by 7.8 percent to $106.20.
Byblos Bank shares also rose by 10 percent to close at $2.76.
The BLOM stock index reached 1,880.75 points on Wednesday from 1,727.66 points on Tuesday, an increase of 8.61 percent.
http://www.dailystar.com.lb/article.asp?edition_id=1&categ_id=2&article_id=92426
BEIRUT: Lebanese Premier Fouad Siniora, whose term in office has been dominated by a standoff with the Hizbullah-led opposition, said on Saturday that he will step down with a clear conscience and is ready to turn the page. "I have been subjected to a lot of unfair treatment and accusations [by the opposition], but at the end of the day these are my countrymen," Siniora told AFP in an exclusive interview. "And in retrospect, despite all the mistreatment I have been subjected to, I would do things the same all over again."
Seniora said that? interesting.
Thanks for sharing, maggie.
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"Money" has no value - people do.