This is Beirut, 26/05 12:40 - Reading : 2 minute(s)
ABL Banks Banque du Liban Fadi Khalaf
In the editorial of its monthly report titled “A New Phase on the Horizon,” the Secretary-General of the Association of Banks in Lebanon (ABL), Fadi Khalaf, emphasized that no economic recovery plan can succeed without serious cooperation among all stakeholders. He stressed that this partnership must ensure the protection of depositors' rights ...
This is Beirut, 26/05 11:50 - Reading : 1 minute(s)
Banks Gulf Kuwait Middle East Saudi Arabia Lebanon
The Arab world’s economy is undergoing a rapid transformation, fueled by the rise of financial markets and robust growth in the technology, energy and finance sectors. According to data compiled by Forbes Middle East, more than 280 companies across the region now boast a market valuation exceeding $1 billion. At the forefront of this ...
Ryan Chaba, 24/05 10:30 - Reading : 5 minute(s)
It’s a quietly growing trend. Since Lebanon’s 2021 fuel crisis, the electric vehicle market has been steadily gaining ground. Chinese electric vehicles (EVs), in particular, are spearheading the shift. Their futuristic designs are increasingly becoming common sights on Lebanon’s roads. The numbers are still small but rising. In the absence ...
Christiane Tager, 23/05 23:00 - Reading : 3 minute(s)
Since 2011, hosting Syrian refugees has posed a severe economic challenge for Lebanon. According to the latest World Bank report, the direct annual cost of accommodating these refugees is estimated at around $4.5 billion. However, this figure only accounts for direct expenses. When indirect costs are included, the total cost rises to roughly ...
This is Beirut, 23/05 19:25 - Reading : 1 minute(s)
Minister of Finance Yassine Jaber, in the presence of Minister of Energy and Water Joe Saddi, signed a $257.8 million loan agreement with World Bank Regional Director Jean-Christophe Carret for the Greater Beirut Water Supply Project. The financing is aimed at improving water coverage for 1.8 million people, reducing dependence on costly private ...
This Is Beirut, 22/05 15:20 - Reading : 2 minute(s)
Banks Banque du Liban Central Bank of Lebanon Finances Parliament Lebanon
Lebanon’s Central Bank (BDL) announced in an official statement that it remains committed to transparency and integrity within the financial sector. It is actively pursuing legal procedures in collaboration with specialized law firms across several European countries and other international jurisdictions. This effort aims to initiate judicial ...
Christiane Tager, 21/05 20:45 - Reading : 3 minute(s)
Let’s dive into the world of Bitcoin – a digital currency that is transforming global finance. Bitcoin (BTC) is much more than just a cryptocurrency: it is a decentralized currency, without a central bank or intermediaries, based on blockchain technology – a public and secure ledger. In other words, it’s money that never sleeps, doesn’t ...
Maurice Matta, 21/05 20:10 - Reading : 4 minute(s)
Lebanon Economy Banks Karim Souhaid Nawaf Salam
It seems that the relationship between Banque du Liban (BDL) Governor Karim Souhaid and Prime Minister Nawaf Salam is far from ideal. In fact, it can be described as tense – a situation that didn’t arise recently but dates back to Souhaid’s appointment as Governor of the Central Bank, which was secured through a majority vote in the ...
This is Beirut, 14/05 15:30 - Reading : 1 minute(s)
Banks Central Bank of Lebanon Lebanon Karim Souhaid Ibrahim Kanaan
Central Bank Governor Karim Souhaid took part in a session of the subcommittee of the parliamentary Finance and Budget Committee on Wednesday, where deliberations centered on the government’s proposed bank restructuring law. The meeting was held in the presence of Committee Chairman MP Ibrahim Kanaan, Minister of Finance Yassine Jaber and other ...
This is Beirut, 12/05 18:00 - Reading : 3 minute(s)
USA Donald Trump Banks Europe New York
Stock markets, the dollar, and oil prices rallied Monday after the United States and China declared a 90-day truce in their trade war. At the opening bell in New York, the Dow jumped by 2.7 percent, the S&P 500 by 2.9 percent, and the tech-heavy Nasdaq Composite by 4.2 percent. "Stocks are surging, safe havens are rapidly ...
Marc Saikali, 08/05 11:25 - Reading : 2 minute(s)
Central Bank of Lebanon Banks Joseph Aoun lebanon Karim Souhaid
"The Central Bank of Lebanon (BDL) has a major responsibility in restoring confidence in the banking system." Those were the words of the President of the Republic during his visit this Wednesday to the headquarters of the Central Bank. The days when another President Aoun launched heavy-handed attacks on the ...
This is Beirut, 08/05 10:00 - Reading : 3 minute(s)
Banks Europe Eurovision Culture
With a population of 180,000, Switzerland's third-biggest city after Zurich and Geneva straddles the River Rhine and sits right on the northern border with both France and Germany. Basel's location played a major role in its growth and continental importance through the ages. From May 11 to 17, it will be a center-stage in Europe again as it ...