In a Nation Edging Closer to Meltdown, One Company’s Stock Soars

  • Solidere of Lebanon’s shares rise 46% in dollars since October
  • It’s a sign of increasing desperation among Lebanese: FFA Bank
WATCH: Lebanon needs the help of the IMF to draft a rescue plan.(Source: Bloomberg)
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Downtown Beirut often resembles a ghost town these days. When it does get busy, it’s usually because anti-government protesters have gathered, chanting slogans such as: “Eat the rich!”

One of the targets of their anger has been Solidere, which rebuilt that part of Lebanon’s capital after a devastating civil war ended thirty years ago.