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IMF says Lebanon economy to grow by 4% in medium term

Reuters – The International Monetary Fund forecasts Lebanon’s economy will grow by 2% in 2014 and a “modest 4% over the medium term,” despite two years of violence, political paralysis and a huge refugee influx. But with heavy pressures weighing on the economy, the IMF also said in a report published on Friday that Lebanon …

Daily News Egypt

Lebanon rapped for blocking Palestinians fleeing Syria

AFP – Human Rights Watch and a UN refugee agency expressed concern on Tuesday that Lebanon was blocking Palestinians fleeing Syria from entering the country. UNRWA, the UN agency for Palestinian refugees, said it was “concerned about the increased restrictions on Palestine refugees fleeing the conflict in Syria from entering Lebanon”. “We are monitoring the …

Daily News Egypt

Lebanon’s Audi says Q1 net profit $85.8m

Reuters – Lebanon’s Bank Audi reported first-quarter net profit of $85.8m on Sunday, the same level as in the same period a year before. The bank said in a statement its net profit was driven by 12.2% growth in total income but that it had put aside $20.1m of net loan loss provisions. War in …

Daily News Egypt

One dead as pro-, anti-Damascus gunmen clash in Beirut

AFP – A firefight between pro- and anti-Damascus factions in Beirut killed one gunman and wounded 13 Sunday, a security official said, in the latest spillover of the conflict in neighbouring Syria. The gun battle raged from 3am to 8.30am (0100 to 0630 GMT) in a poor Sunni Muslim district in the south of the …

Daily News Egypt