This is Beirut - Banking

After 100 Days in Office, Salam Pledges Reform, Security and Economic Recovery

This is Beirut, 05/06 20:05 - Reading : 2 minute(s)

Lebanon Reforms IMF Banking Reconstruction Governance

Prime Minister Nawaf Salam marked the first 100 days of his government by presenting a bold reform agenda and outlining the progress made so far. Speaking on the eve of Eid al-Adha, Salam acknowledged the scale of Lebanon’s challenges but said the country has started taking real steps toward recovery. On the security front, Salam noted that ...

Bank Reform in Lebanon: Central Authority Under Growing Pressure

This is Beirut, 02/06 17:15 - Reading : 1 minute(s)

lebanon Banking Parliament Reform finance auathority

The parliamentary subcommittee tasked with banking reform held a pivotal session to examine Articles 5 and 6 of the draft law proposing the creation of an independent banking authority. Two competing visions are at the center of the debate. The first, supported by Banque du Liban (BDL), calls for the establishment of a new, autonomous body ...

Beirut Stock Exchange: Trading Volume Drops 80%!

Liliane Mokbel, 22/03 12:00 - Reading : less than a minute

stocks lebanon trading banking

The Beirut Stock Exchange (BSE) saw a sharp decline in activity during the week of March 14, with trading volume dropping to 115,916 shares, compared to 570,083 the previous week. The total value of transactions also decreased, falling to $3.44 million from $4.94 million the week before, according to a report by Banque du Crédit ...

AI to Replace 4,000 Jobs in Southeast Asia's Largest Bank

This is Beirut, 25/02 16:25 - Reading : 1 minute(s)

Artificial Intelligence Technology Banking

Southeast Asia's largest bank DBS said that 4,000 jobs could be cut in the next three years and be replaced by artificial intelligence as the technology becomes more advanced. "Over the next three years, we envisage that AI could reduce the need to renew about 4,000 temporary/contract staff across our 19 markets working on specific projects," a ...

FATF: Lebanon Could Be Granted a Grace Period

Liliane Mokbel, 2024-10-20 16:52 - Reading : 3 minute(s)

FATF GREY LIST Banking

According to several reliable sources, Lebanon could soon be added to the Financial Action Task Force (FATF) grey list. A decision is expected in five days. If confirmed, this would hardly come as a surprise. However, rumors have circulated over the past 24 hours about a possible postponement of the decision to November rather than October, ...

UK Banker Jacob Rothschild Dead at 87

This Is Beirut, 2024-02-26 19:52 - Reading : 1 minute(s)

Banking J. Rothschild Assurance Group Lord Jacob Rothschild NM Rothschild & Sons Rothschild Family United Kingdom

British financier Jacob Rothschild, a prominent member of the Rothschild banking empire and philanthropist, has died at the age of 87, his family announced Monday. Rothschild was born in Berkshire, west of London, in 1936, the eldest son of Victor Rothschild, a British scientist, intelligence officer and oil executive who advised both ...

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