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Article: Lebanese Economic Boom.
- Article from:
- APS Diplomat News Service
- Article date:
- July 20, 2009
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Unlike other parts of the GME, Lebanon has an unprecedented boom in liquidity and tourism business. Over 2.5m tourists have filled Lebanon's mountain resorts and the country's entertainment sector is featuring international concerts and various other events. With healthy balance sheets as a result of their conservative growth strategies, Lebanon's banks are set to increase funding to the country's private sector. With US President Barack Obama having celebrated the re-election of the March 14 camp, Lebanese finance houses are enjoying an average 16.2% increase in net profits for the first quarter of 2009 to $252.2m. These results follow a record-breaking 2008, when the ...
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