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Beirut is world's 10th most expensive city - Byblos Bank

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Tuesday, 07 September 2010

Lebanon’s capital, Beirut, is the 10th most expensive rental city in the world for expatriate housing in 2010, compared with its rank of 28 last year, Byblos Bank said.

The city is ahead of Paris, Abu Dhabi, Amsterdam, Geneva and Rio de Janeiro and behind Singapore, Osaka, New York City, Moscow, Hong Kong and London, the bank said in an e-mailed report, citing a survey by EuroCost International.

Tokyo remains the most expensive city in the world for expatriates.

Beirut is the most expensive city in the Middle East this year, because of the increase in rental prices, the bank reported, citing the survey, which evaluated the average rental cost of two- and three-bedroom apartments for expatriates.


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Shuaa Securities Former CEO Yasin Said to Join Abu Dhabi’s CAPM

Mohammed Ali Yasin, former chief executive officer at Shuaa Securities LLC in Abu Dhabi, will join financial services company CAPM Investment PJSC on Sept. 15, a banker familiar with the matter said.

Yasin will join Abu Dhabi-based CAPM as a board member, shareholder and partner, said the banker who declined to be identified as the matter hasn’t been made public. Yasin will help oversee and develop the brokerage unit Asayel Shares & Bonds Trading and other services, the banker said.

Asayel is the 16th biggest brokerage in the United Arab Emirates by trading value in July, according to the website of the Dubai Financial Market.

Yasin, 44, said June 29 that he was leaving Shuaa at the end of August to “take on a new challenge.” (Bloomberg)

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Besides ...
Posted by Elie, LEBANON on Sunday 3 October 2010 at 12:10 UAE time


@Trevor,
that's true Beirut is more than 6000 years old city.
unfortunately, the true Beirut was completely destroyed after 1975 thanks to our beloved neighbors (all of them).
we lost our beautiful architecture in buildings, our beautiful old houses are being demolished to the ground rather to be restored, we are just collecting pieces from all around the world in our architecture, pubs, coffee shops, restaurants,...
Oh wait, maybe one day another Tour Eiffel will take place here, or maybe another Big Ben...
Today's Beirut, is not the 6000 years old Beirut that our parents used to know ...
COOL STORY BRO !
Posted by Elie, LEBANON on Sunday 3 October 2010 at 11:39 UAE time


ok, i live in Beirut and i work in Beirut.
i don't like the situation.
about the topic:
Beirut is not "Solidaire"!
i totally agree with Patrick.
not just "Beirut", the whole country is in complete CHAOS !
Beirut....its worth every penny I spent there
Posted by James Obryan, London, UK on Saturday 18 September 2010 at 13:57 UAE time


I have been to over 30 countries...all are great!! but, Lebanon was something else. I stayed in Zahle and drove some 50 min to beirut everyday...some people drive 3 hours each way everyday to go to their work. 50 min is nothing. If you wanna go to lebanon do so, but, if you are stingy, just forget it. and By the way, Lebanon is all natural no fake stones, fake hills or room temp environment, its NATURAL. ITS CRAZY...and F & B is MUCH CHEAPER and MUCH tastier than in any country. Try Dubai you will know what I am talking about. I salute the Lebanese for this country and I say hi to Abu Maroon (the nice driver that drove me around for 2 weeks - and by the way, he drove me last 3 days for FREE!!!!!). Lebanon, I am coming back for Xmas...Yalla. I pitty those who did not visit Lebanon in their life.
Beirut Does not make sense for Who ???
Posted by trevor hardwik, dubai, uae on Monday 13 September 2010 at 09:19 UAE time


Dear Patrik are u sure you have been to Beirut cause it seems your another PR agent for ... , for info Beirut is 6000 years of history whereas your city 15? maybe 25? or let say 50 year Max ?

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