Byblos Bank secures US$60m SME credit line

The European Investment Bank (EIB), an international donor institution, signed an agreement to provide Byblos Bank with a US$60m loan aimed at promoting economic growth and sustainable

FDI on rise in Lebanon

Foreign direct investment (FDI) in Lebanon rose to US$358m in 2003 compared to US$257m in 2002, a jump of 12.1 per cent, according to a World Investment Report issued Wednesday by the UN Conference on Trade and Development (UNCTAD).

Lebanon targets money laundering

Central bank governor Riad Salameh announced Lebanon has become a role model for other countries in the region, following the successful implementation of its laws against money laundering.