Economy
The economy of Beirut is diverse, including publishing, banking, trade and various industries.
From the 1950s to the start of the conflict in 1975, Beirut was the region's financial services center. At the onset of the oil boom starting in the 1960s, Lebanon-based banks were the main recipients of the region's petrodollars. Middle East Airlines has its head office in Beirut, and the Banque du Liban, Lebanon's central bank, is headquartered there. The governor of the Central Bank of Lebanon is Riad Salameh.
Read more about this topic: Beirut
Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)