Mark Yannone - Arizona, District 3, 2004 Congressional Candidate, independent - click to return to home page
Issues - Foreign Aid - Foreign Aid Budget - Lebanon - The Economic Overview
Bank of Beirut - Lebanon's Current Bank Banner

"Diplomacy is a game of chess in which the nations are checkmated."

Karl Kraus (1874-1936), Austrian writer. Trans. by Harry Zohn,
originally published in Beim Wort genommen (1955).
The Beirut Stock Exchange was first established in July 1920. The Beirut Stock Exchange's main focus was the stability of gold and foreign exchange. Laws and regulations in 1945 first governed its operations and it was closed down in 1983 because of the war. Currently, the market's aim is to help reconstruct the Lebanese economy and be one of the essential financial tools to stimulate it. Beirut Stock Exchange hopes to achieve this by attracting capital for investments.

Despite the civil war, surprisingly much of the economic life survived in Lebanon. The country enjoys today much goodwill from both countries in the west and in the Arab world. Even if much of the country's best people left the country, the will to return and resettle in Lebanon is high.

The restructuring of Beirut takes time, partly because the planned Beirut is a hasty attempt to bring elegance back to Beirut at discount rates. Lebanon is right now in a transitory process, with an extreme deficit on the foreign trade, high unemployment rates, and sometimes little control with investments and profits.

Find out more about Lebanon by clicking HERE

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