Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Lebanon's debts exceed USD 64 bln - Min. Khalil  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 30/04/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Kuwait News Agency (KUNA)) Finance Minister Ali Hassan Khalil said Tuesday Lebanon's debts in 2013 exceeded USD 64 billion, 59.4 percent of which in local currency.

At a news conference in Beirut, Khalil said revenues rose by only one percent because of economic recession in 2012 and 2013 coupled with security unrest in neighboring Syria.


The budget deficit widens to nine percent of GDP after the government approved an allowance to address high living costs, he said, which increased the burden of wages by 22 percent.

"We are about to determine additional resources to address the deficit," he said.

 


Kuwait News Agency (KUNA)




  MENA News Headlines
 Dec 6 2016 - UAE's non-oil sector recovers in NovemberMENAFN
(MENAFN) The UAE's non-oil sector regained growth momentum in Nov, reversing the slowing trend viewed in each of the prior three months.Meanwhile, stronger demand also contributed to a faster job ...

 Dec 6 2016 - Oman's Al Hassan gains USD67m UAE waste treatment plant dealMENAFN
(MENAFN) Oman-based Al Hassan Engineering has won USD67.1mn contract from Intesca Ingenieria Industrial for its BEAAT treatment plant expansion project in UAE.Meanwhile, the work involves civil, ...

 Dec 6 2016 - IMF issues USD618mn loan for IraqMENAFN
(MENAFN) The IMF proclaimed the release of the second installment of a loan for Iraq, despite financial difficulties with low oil prices and the fight against the ISS group.Furthermore, the IMF ...

 Dec 6 2016 - Haya Water finishes Oman wastewater plant projectMENAFN
(MENAFN) Haya Water, a main government-owned water use firm in Oman has finished the operation of the second phase of Al Buraimi sewage plant, which will offer a capacity of 2.000cu m/day.Moreover, ...

 Dec 6 2016 - Marina Mall Abu Dhabi aims USD816mn expansionMENAFN
(MENAFN) Marina Mall Abu Dhabi, a major shopping destination in the UAE has proclaimed USD816mn expansion plan, which will see 120.000 square meters of space.Additionally, the Abu Dhabi mall will ...

 Dec 6 2016 - SPRINT opens office in Rotterdam, NetherlandsMENAFN Press
(MENAFN Press) SPRINT opens office in Rotterdam, Netherlands New office SPRINT in the Rotterdam city centre Agile Research Agency SPRINT opens office. SPRINT offers scrum teams solutions to ...

 Dec 6 2016 - ScanSnap CloudPC-less scanning directly to your cloudMENAFN Press
(MENAFN Press) Dubai, November 30, 2016 With the introduction of the ScanSnap Cloud, Fujitsu subsidiary PFU (EMEA) Limited is launching a new free service that enables ScanSnap iX100 and ScanSnap ...

 Dec 6 2016 - Walid Atallah to Unveil SpringSummer 2017 Bridal Collection at 'The Ajman Palace Hotel Wedding Fair'MENAFN Press
(MENAFN Press) Setting hearts aflutter at The Ajman Palace Hotel Wedding Fair will be internationally acclaimed fashion designer Walid Atallah with his magnificent range of bridal dresses. Walid ...

 Dec 6 2016 - Egypt's Khalda Petroleum cuts cost of oil to USD4.5 per barrelMENAFN
(MENAFN) Khalda Petroleum Co. has reduced the cost of oil produced from the Apache concession area in the Western desert to USD4.5 per barrel in Q1, 2016.Accordingly, the firm successfully cut costs ...

 Dec 6 2016 - Oman's Sohar Port inks deal with Shenzhen PortMENAFN
(MENAFN) Omani Sohar Port has signed an agreement with China's Shenzhen Port, which play a critical role in their respective regions.Furthermore, the deal covers the development of jointly trade and ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help