Investors are adopting a wait-and-see approach before making a final commitment in Lebanon despite the relatively relaxed political atmosphere in the country, the head of the Investment Development Authority of Lebanon (IDAL) said on Thursday. "It seems that many of

Telecommunication Minister Jebran Bassil said Thursday his ministry's first priority was to reduce mobile-call charges and increase the number of subscribers. Speaking during a luncheon ceremony hosted by MTCTouch in his honor, the minister said he would prepare a study

The International Finance Corporation (IFC), the private arm of the World Bank, acquired Thursday a minority share in a leading Lebanese construction company. According to a statement, The IFC invested $15 million in Butee Group to enable the Lebanese firm

Oil prices fell again on Thursday after slumping by more than $10 over the past two days on prospects that slowing economic growth would cut demand for crude, traders said.New York's main oil contract, light sweet crude for August delivery,

Turkey's economy must take on a second set of structural reforms since its 2001 crisis to pull out of the "difficult" transition period it now faces, the OECD said Thursday. The OECD stressed in a report that Turkey faced dangers