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Category Archives: Uncategorized

Bank Profits Rise

BEIRUT: Bank of Beirut, one of the leading banks in Lebanon, recorded a net profit of $89 million in the first six months of 2015, an increase of 13.84 percent compared to the same period of 2014. Bank of Beirut is one of the few Lebanese banks that have achieved double digit profit despite the difficult economic conditions in the country and turmoil in …

Bargains in Beirut’s Real Estate

Last week, a group of economists, in a survey going by the rather ironic name of “The Lebanese Economic Outlook”, acknowledged the elephant that many of us have noticed sitting in the room for the past two years: namely that the local housing market and construction sector have been adversely affected by the economic slowdown and are unlikely to register any growth in the …

Apartment prices in Beirut

(BEIRUT, LEBANON) — Beirut-based real estate advisory firm RAMCO revealed the average sales prices of apartments under construction in Beirut vary between USD 2,088 and USD 7,000 per square meter. The BCD, the seafront stretch, and some neighborhoods in Ashrafieh are still the most expensive in Beirut. The central residential neighborhoods – from Bachoura to the North down towards Hamad and Rweiss in the …

Beirut’s glitzy it seems?

Is Beirut’s glitzy downtown redevelopment all that it seems? Two decades after civil war blew the Lebanese capital to rubble, the city centre boasts immaculately rebuilt streets lined with Gucci and Prada stores – but the whole place is strangely deserted Glamorous young couples twiddle their cocktail stirrers on the terraces of Beirut’s Zaitunay Bay, looking out across a balmy evening scene that could …