Trends - Lebanon - Business Recorder

Lebanon

US envoy calls for 'transparent, credible' Beirut blast probe

"We can never go back to an era in which anything goes at the port or the borders of Lebanon."

Published 15 Aug, 2020 05:08pm

World

Iran's Zarif to meet with officials in Lebanon on Friday

Zarif's visit will be the first by an Iranian official since the blast.

Published 14 Aug, 2020 02:41am

Markets

France's Macron pushes for a government of technocrats to rescue Lebanon

There would be a first government whose mission would be to carry out urgent reforms," said the French diplomatic source familiar with Macron's thinking.
Macron wants to use Lebanon's desperate need for international reconstruction aid as leverage to persuade its factions to choose a new administration.

Published 14 Aug, 2020 12:08am

World

World pledges 250 million euros for Lebanon's people: Frace

At least 21 people are still missing from the huge blast.

Published 10 Aug, 2020 12:22am

Markets

Lebanon's battered economy dealt fresh blow after port blast hits 'Achilles heel'

Economists say Tuesday’s blast, which also damaged large parts of commercial Beirut, could lead to a GDP contraction of around 20-25% this year - far beyond the IMF’s recent forecast for a 12% decline due to a deepening economic and political crisis.

Published 08 Aug, 2020 10:30am

World

Sixteen detained over Beirut blast: prosecutor

Lebanon's foreign minister said an investigating committee had been given four days to determine responsibility for the blast.

Published 07 Aug, 2020 02:23am

World

Eiffel Tower goes dark to honor Beirut victims

Paris will provide an emergency aid of 100,000 euros, which is about $118,861 to Beirut.

Published 06 Aug, 2020 11:30am

World

Tel Aviv lights up city hall with Lebanon flag

Hezbollah and Israel fought a devastating month-long conflict in 2006.

Published 06 Aug, 2020 02:19am

World

Pompeo offers help in call to Lebanon PM

Pompeo voiced our steadfast commitment to assist the Lebanese people as they cope with the aftermath of this terrifying event.

Published 06 Aug, 2020 02:09am

Lebanon cabinet seeks house arrest for officials over blast: minister

We call on the military leadership to impose house arrest on all those who organised the storage of ammonium nitrate" at Beirut's port.

Published 05 Aug, 2020 07:40pm

Emergency aid heads to Lebanon as world offers support

The blast centred on the city's port caused massive destruction and killed more than 100 people, heaping misery on a country already in crisis.

Published 05 Aug, 2020 05:36pm

World

What is ammonium nitrate which is being blamed for blast in Beirut?

The Beirut explosion which shook the entire capital of Lebanon killed 100 people on Tuesday.

Published 05 Aug, 2020 02:25pm

We stand with our Lebanese brethren: PM expresses sorrow at precious lives lost in blast

A powerful blast killed at least 100 people and injured nearly 4,000 on Tuesday.

Published 05 Aug, 2020 01:20pm

World

Pompeo offers US help to Lebanon after 'horrible tragedy'

Pompeo said our team in Beirut has reported to me the extensive damage to a city.

Published 05 Aug, 2020 03:03am

World

Israel offers bitter rival Lebanon aid after blasts

Abbas Ibrahim said blast may have been caused by explosive materials confiscated years ago and stored at the city's port.

Published 05 Aug, 2020 01:32am

World

Those responsible for Beirut 'catastrophe' will 'pay price': PM

Diab also appealed for international assistance to help Lebanon.

Published 05 Aug, 2020 01:29am

Markets

UN mission urges 'maximum restraint' after Lebanon-Israel border clashes

Monday's border exchange comes a week after an Israeli missile attack hit positions of Syrian regime forces.

Published 28 Jul, 2020 02:31am

World

Israeli drone falls in Lebanese territory: army

Five Iran-backed fighters were killed in an Israeli missile strike south of the Syrian capital Damascus.

Published 27 Jul, 2020 12:51am

Markets

Lebanon's Blom Bank profit falls, auditors give ‘adverse opinion’

The results obtained were largely as expected, and affected by the impact of the financial and economic crisis that has struck Lebanon since October 2019.
Assets stood at $33.3 billion, 9.4% lower, and deposits were $26.5 billion, down 2.8%. Loans were 18.9% lower.

Published 16 Jul, 2020 08:02pm

Markets

Lebanon daily virus cases spike

The new figures announced by the health ministry bring the total number of infections to 2,334 including 36 deaths, according to figures carried by the state-run National News Agency (NNA).

Published 13 Jul, 2020 12:13am

World

Lebanon holds meeting with IMF, more talks next week

The talks have been bogged down by a row over the scale of financial losses that has embroiled the government.
Finance Minister Ghazi Wazni said last week the talks were on hold pending the start of economic reforms and agreement on the losses.

Published 10 Jul, 2020 08:50pm

World

Poverty, anger swell in north Lebanon as crisis deepens

In the northern port city of Tripoli, a web of electric wires hangs low over a narrow street as men sit around a table drinking coffee in the Bab al-Tabbaneh neighbourhood.

Published 17 Jun, 2020 05:04pm

World

Lebanon to re-open Beirut international airport from July 1

Private flights will resume from June 24, the statement said.
Passengers will be tested for COVID-19 upon arrival and obliged to practice home quarantine if testing positive, it added.

Updated 13 Jun, 2020 12:15am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	154.33
USD to Swiss Franc / May 16	0.90
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 15	5308.15
Nasdaq / May 15	16742.39
Dow Jones / May 15	39908
India Sensex / May 16	72771.48
Tokyo Nikkei / May 16	38920.26
Hang Seng / May 16	19336.77
FTSE 100 / May 16	8411.75
Germany DAX 30 / May 16	18842.52

Item	Value
Crude Oil USD/Barrel / May 16	78.95
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2388.50
Cotton US¢/pound / May 16	76.84
Petrol/Litre / May 17	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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