Despite deep economic and political crises, Lebanon is facing an unprecedented property boom, spurred by the appetite of developers, expatriates and Gulf Arabs.The boom started last year despite dramatic events that shook the country, and which turned on the assassination of former premier Rafiq Hariri, with property prices soaring an average of 50 per cent.
Beirut has witnessed a major face-lift with the new construction boom, mostly in the once war-ravaged downtown area being rebuilt by the private company Solidere, which runs properties valued at about $5 billion.Brand new residential high-rises financed by Lebanese and Gulf investors now tower over the marina near the seafront road where Hariri was killed in a massive car bombing in February 2005.
"Very often, when the first picks strike the ground at the construction sites, between 75 and 80pc of these projects are already sold to rich Lebanese or Arab nationals," Raja Makarem, manager of Ramco realty, said.Victor Najarian, director general of CARE realty, said "we are managing about 15 projects worth a total value of $1 billion and we hope to double that amount within a year."
The Associated Press , BEIRUT, Lebanon
وقف البابا يوحنا بولس الثاني امس ببسمته الطيبة امام حشد من المصلين والرسميين الذين جاؤوا ليشاهدوا ازاحة الستار عن تمثاله البرونزي الجديد في حديقة كنيسة مار الياس- القنطاري. كان صدى كلمات ألقاها قبل 10 سنين تقريباً في المكان نفسه يتردد: "افهم قلة صبركم على الوضع اليومي الذي يبدو لكم انه لا يتغير(…). ان ما تتوقون اليه من تبدلات على ارضكم تلزمه اولا وقبل كل شيء تبدلات في القلوب. يعود اليكم ان تهدموا الحواجز التي امكنها ان ترتفع في اثناء حقبات تاريخ وطنكم الاليمة. ويعود اليكم بناء جسور بين الاشخاص والأُسر والجماعات. ان للشدة وقتا وللنور وقتا، وكل شيء يمكن ان يتغير (…)".
Nayla Razzouk, AFP,
Reporters Without Borders today paid tribute to murdered Franco-Lebanese journalist Samir Kassir when 50 of its activists unfurled a giant Lebanese flag (150 sq. metres) bearing his portrait at Human Rights Plaza in Paris.
June 1, 2006,
BEIRUT (AFP) – Israeli fighter jets bombed Palestinian and Lebanese militant targets in Lebanon after guerrillas fired rockets into Israel in the fiercest cross-border violence seen this year. A fighter with the Lebanese Hezbollah militia and a member of a Syrian-backed radical Palestinian group were killed in the Israeli raids, while attacks from Lebanon left two Israeli soldiers wounded.


