This is Beirut, 13:30 - Reading : 4 minute(s)
In appearance, Finance Minister Yassin Jaber sought to present his meeting with the Association of Banks in Lebanon (ABL) delegation at the Ministry of Finance as a broad, constructive session that projected an image of consensus. His public remarks reinforced this impression, suggesting that both sides—the ministry and the banks—were aligned ...
This is Beirut, 02/10 11:50 - Reading : 9 minute(s)
Lebanon IMF Central Bank Banks Depositors
As Lebanon faces multiple challenges with economic and financial recovery from the country’s 2019 economic collapse, two interconnected issues remain particularly controversial: recovering the money of Lebanese who lost access to their bank deposits and holding those responsible for squandering their money ...
This is Beirut, 26/08 13:55 - Reading : 1 minute(s)
Riad Salameh Central Bank Lebanon release bail Jamal Hajjjar
The indictment chamber ordered on Tuesday the release of former Central Bank governor Riad Salameh on bail set at $20 million and 5 billion Lebanese pounds. The decision also imposes a one-year travel ban, as legal proceedings against him are still ongoing. The bail is the largest in Lebanon’s history. Salameh’s defense team strongly ...
This is Beirut, 14/07 12:20 - Reading : 1 minute(s)
Lebanon Central Bank K2 Integrity Grey list Financial Action Task Force United States
As part of its strategy to curb the expansion of the informal economy and combat illicit and fraudulent activities, Lebanon’s Central Bank announced on Monday the signing of a cooperation agreement with US-based firm K2 Integrity, which specializes in global risk management, compliance, and financial investigations. The agreement is part of the ...
This is Beirut, 30/06 12:15 - Reading : 2 minute(s)
Fadi Khalaf Central Bank Lebanon Bank Association Lebanon
In an op-ed published ahead of the Association of Banks in Lebanon’s (ABL) monthly report, Secretary General Fadi Khalaf once again sounded the alarm, warning that the absence of a comprehensive solution remains the greatest threat to Lebanon’s economic and financial future. With the country’s systemic crisis entering its sixth year, Khalaf ...
This is Beirut, 08/05 10:32 - Reading : less than a minute
Joseph Aoun Central Bank Karim Souhaid Lebanon
During a visit to the Central Bank (BDL) on Thursday morning, President Joseph Aoun called on Central Bank Governor Karim Souhaid and the bank’s deputy governors to fully shoulder their responsibilities in reviving Lebanon’s struggling financial sector. “You bear the heavy responsibility of restoring the confidence of the ...
This is Beirut, 06/05 18:27 - Reading : 1 minute(s)
Lebanon Iraq Central Bank Baghdad Energy Oil agreement
Lebanon and Iraq have renewed a key energy deal through which Baghdad will supply Beirut with two million tons of crude oil, now under new payment terms that reflect shifting regional dynamics. In a notable departure from past arrangements, Lebanon has agreed to settle its dues in US dollars via direct transfers from the Banque du Liban, ending ...
Johnny Kortbawi, 11/04 16:00 - Reading : 3 minute(s)
Hezbollah central bank Lebanon
One of the biggest questions since the outbreak of the crisis in the fall of 2019 concerns the issue of determining responsibility for the losses that led to the default on payments, the suspension of external debt servicing and the freeze on deposits. In reality, the way one views the Lebanese economy is the main driver behind the different ...
This is Beirut, 10/04 14:15 - Reading : 5 minute(s)
Banks International Monetary Fund Central Bank
Lebanon’s Cabinet approved on Tuesday the statement of justification for the draft law on the reorganization of banks, with a follow-up session scheduled for Friday to finalize the text. The initiative is framed by two core principles the government says it upholds: safeguarding depositors’ rights and revitalizing the banking sector so it can ...
This is Beirut, 06/04 13:40 - Reading : less than a minute
Morgan Ortagus Economic reforms Central Bank
A meeting was held this morning between Minister of Finance Yassine Jaber, Minister of Economy Amer Bisat and Governor of the Central Bank Karim Souhaid with US envoy Morgan Ortagus. The discussion focused on the reform process launched by the Lebanese government. The officials presented the reform laws that have already been passed and are in ...
Maurice Matta, 27/03 20:35 - Reading : 5 minute(s)
Lebanon Central Bank Nawaf Salam Joseph Aoun Karim Souhaid
During a session held at Baabda Presidential Palace, chaired by President Joseph Aoun, the Cabinet appointed Karim Souhaid as Governor of the Lebanese Central Bank (BDL). The decision followed a ministerial vote, with Souhaid securing 17 votes out of 24 from the Lebanese government ministers. Despite strong opposition from Prime Minister Nawaf ...
This is Beirut, 27/03 17:15 - Reading : 2 minute(s)
Council of Ministers Central Bank Governor Karim Souhaid
The Council of Ministers appointed a new governor for Lebanon’s Central Bank on Thursday, more than a year and a half after the former governor, Riad Salameh, had retired. Karim Souhaid became the new head of the central bank, or BDL, following a vote in which he secured the support of 17 ministers out of 24. The Cabinet resorted to voting ...