Monday, December 13, 2010

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


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.

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.”

Beirut 30th most expensive retail rental city - Top 5 Most Expensive Houses in the World
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