19 September 2007 BEIRUT: In its latest report for the fourth quarter of 2007, London-based Business Monitor International (BMI) maintained its 2007 real GDP growth forecast for Lebanon at 2 percent. However, the agency, which conducts credit rating and country risk research, believes that this growth is propelled by postwar reconstruction activity rather than a vibrant overall economic situation.
The forecast stems from BMI’s belief that the precariousness of consumer and investor confidence has driven the economy into a state of "just getting by." Nonetheless, the country has huge growth potential, the report said."Positive reforms and the government’s full harnessing of its resources could cause drastic upward revisions in forecasts that could reach 4.5 percent in 2007, since the economy is already coming from a very low base," BMI said in a report published in Bank Audi’s weekly bulletin.
The report indicates that some sectors avoided the impact of domestic economic stagnation, as receipts from exports continued to show positive growth throughout 2007, as a result of the continuous strong demand from the Gulf.About 40 percent of Lebanese exports go to the Middle East, with the UAE accounting for a significant 8 percent, followed by Syria with 7.4 percent, Iraq at 6.8 percent, and Saudi Arabia at 6.3 percent. BMI expects this demand to remain high, given the fact that oil prices are still soaring.

BEIRUT Daily Star: Speaker Nabih Berri declared Thursday that no Parliament session can take place without him, and warned that while the Lebanese Army would remain united during a widely feared domestic political crisis, the Internal Security Forces (ISF) might split. Appearing on the country’s most influential political talk show, the Lebanese Broadcasting Corporation’s "Kalam al-Naas," Berri warned that despite what some in the March 14 camp might think, Parliament cannot convene to elect a new president without him. 
Lebanese soldiers searched through devastated buildings and scorched bushes along the Mediterranean coastline in northern Lebanon on Monday, hunting for fugitives a day after the army crushed the remnants of a militant group and ended a three-month siege at a Palestinian refugee camp.Meanwhile, the body of the leader of the militant Fatah Islam group, Shaker al-Absi, was identified by his wife at a hospital in the port city of Tripoli, said Nasser Adra, the hospital’s director. Two captured militants also identified the body as Absi’s.
However, Adra told The Associated Press that the hospital could not officially confirm the identity, which would have to come from the judicial authorities after a DNA test.Absi, a Palestinian linked to the late leader of Al Qaeda in Mesopotamia, Abu Musab al-Zarqawi, had not been seen or heard from since early in the fighting that erupted May 20.The army searched Monday for Fatah Islam fighters who may have escaped the battle on Sunday at the Nahr al Bared camp. Patrol boats were looking for bodies in the sea. Military helicopters flew over the camp in low reconnaissance runs, as smoke from smoldering fires rose into the sky.
By Yara Bayoumy BEIRUT (Reuters) – In a cinema industry traditionally dominated by the theme of war, "Caramel", a film by Lebanese director Nadine Labaki, shies away from conflict and instead brings to light social dilemmas faced by Lebanese women. "Caramel", or "Sukkar Banat" as the movie is titled in Arabic, revolves around the lives of five Lebanese women, each burdened with their own social and moral problems. 


