Figures released by the Beirut Stock Exchange indicate that total trading volume reached 94.9 million shares in the first 10 months of 2009, a decrease of 3.2 percent year-on-year.While aggregate turnover amounted to $882.3 million, down 45 percent from a

A Lebanese electrical company has called on minsters to implement plans that could revolutionize the countrys beleaguered energy industry.The Electrical Utility of Aley (E-Aley) has proposed solutions for Lebanons electrical generation and distribution through private and public sector collaboration.We aim

Finnish-German telecom equipment maker Nokia Siemens said on Tuesday that it could reduce its 64,000-strong workforce by 7-9 percent, or by 4,500 to 5,800 jobs, in a cost-cutting drive.The cost-cutting is to improve financial performance and return to growth by

Britains two largest retail lenders are to get another 31 billion pounds ($50.7 billion) from the government and have agreed to sell hundreds of branches and key businesses to appease EU competition concerns over state aid.The deal announced on Tuesday

Somalias mobile phone business is booming despite the almost daily artillery fire that flies over expensive satellite dishes and the violence that has brought misery to the population of the Horn of Africa nation.The three largest firms, Hormuud Telecom, Nation

nflation-adjusted wages stagnated last year and are likely to drop in 2009 despite signs that the global economy is gaining steam, a United Nations agency said on Tuesday.The picture on wages is likely to get worse in 2009, the International

Iran may revoke a deal to export gas to the United Arab Emirates (UAE) over a dispute over pricing, Iranian parliamentarians said on Tuesday.UAE-based Crescent Petroleum said in July it was seeking international arbitration for the failure of Irans state

A laboratory in the UAE has built what it says is the worlds first Arabic-speaking robot which could soon go into mass production to serve as staff in shopping malls.Ibn Sina, named after the 11th century Islamic philosopher and scientist

Europes economy will rebound next year from a deep slump and accelerate in 2011, the European Commission said on Tuesday, paving the way for major deficit cuts across the 27-nation bloc from 2011 at the latest.The European Unions executive arm