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INSURANCE

Bank Audi to Sell a Majority Stake in Lia Insurance to Saham

Bank Audi, the majority shareholder of LIA Insurance, has entered into an agreement with Saham Finances, the holding company of the Moroccan

Lebanon's Insurance Sees Jump in Total Non-Life Premiums

Total non-life premiums generated in the Lebanese insurance market reached $869.6 million in 2011, constituting an increase of 7.6 percent from $808.1 million in 2011.

In need of consolidation

While the Lebanese insurance sector continues to witness a perpetual growth, the Ministry of Economy seems to be unsatisfied with the current insurance law “as it doesn’t provide a clear mechanism

Figures are good

The insurance sector has significantly grown during the years 2009 and 2010. And future seems to be promising.

Top one

The insurance sector has significantly grown in 2009, leading MENA region in terms of total insurance premiums to GDP.

 

Beirut

Migration to cities is increasing so much that, by 2050, the UN predicts that approximately two thirds of the world’s population will be living in cities.

ECO INITIATIVES

  • A fundraising event, entitled Think Green, will be held by Zero Waste ACT for all its business members on September, 10,2013, at WHITE, Dora.
  • The Green Mind Association invited all Green Mind Award Participants, finalists, runner ups and winners to the GREEN MIND DAY on  Jan-16-2013 in Beirut, to create a platform where interested Venture Capital and Potential Investors met with participants.
  • A green initiative launched by Ashrafieh 2020 project aims to transform Ashrafieh into a tranquil and unpolluted area.Green spaces allow residents to walk and ride bicycles.

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MOST VISITED ARTICLES

  1. Moody’s Investors Service indicated that the high level of Central Bank reserves is...
  2. In 2010, the country’s Gross Domestic Product (GDP) grew by 8 percent. The economic forecast...
  3. The General Labor Confederation (GLC) warned that the increase of the value added tax (VAT) rate...
  4. Finally, the electricity bill law is approved by the Lebanese parliament. A draft law allocates $1....
  5. Will the government raise the minimum wage?A scenario, some experts expect will result in layoffs...

UPCOMING EVENTS

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