Lebanon Banking Association says expects clear economic, financial program from new govt: statement
The head of the Lebanese Industrialists Associations Fadi Gemayel warned Tuesday that the industrial sector will enter the danger zone if banks do not immediately release $300 million to purchase essential raw materials.
Unofficial exchange rates further dropped Tuesday with the Lebanese pound selling at LL2,225 to the dollar.
New car sales in Lebanon took a severe hit in 2019 as the number of registered vehicles plunged by 33.4 percent compared to the same period of 2018
Lebanese authorities will be reluctant to announce a default on debt payments until a functioning government is formed, pushing back any plans for a bond...
Elie Zakhour, the president of the International Chambers of Navigation, said the strict capital controls imposed by banks have dealt a severe blow to...
The value of the Lebanese pound remains volatile, as political deadlock continues to delay government formation.
The Lebanese pound to U.S. dollar exchange rate has crept up for a second day Saturday amid ongoing delays to Cabinet formation.
BP has pulled out of Iraq’s giant Kirkuk oilfield after its $100 million exploration contract expired with no agreement on the field’s expansion, dealing a...
Saudi Arabia will pump the proceeds from last month’s listing of oil giant Saudi Aramco into the local economy over several years, including building up the...
Iran’s six-year push to integrate with the global economy appears to be coming to an end. Iran Monday threatened to withdraw from its last remaining...
Global growth appears to have bottomed out but there is no rebound in sight and risks ranging from trade tensions to climate shocks makes the outlook...
The Association of Banks Friday asked lenders to lower the Beirut Reference Rate in dollars to 8.5 percent from 10.3 percent and in Lebanese pounds to 11.5...
Lebanese Eurobonds maturing in March dropped the most on record as the threat of a downgrade to near default added to selling pressure.
Another Lebanese bank announced Friday that it had raised its capital by 10 percent in compliance with a decision by the Central Bank.
The Association of Banks in Lebanon Friday asked lenders to reduce Beirut Reference Rate (lending) in dollars to 8.50 percent from 10.30 percent and lira to...
Lebanon’s Central Bank’s financial watchdog has officially requested all commercial banks operating in the country to review and disclose all transfers sent...
A lawmaker said Thursday that the budget and finance parliamentary committee has made a number of amendments to caretaker Finance Minister Ali Hassan Khalil’s...
Beirut is globally renowned for its exceptional food, vibrant bars and unforgettable nightlife.
Lebanon must bring down interest rates drastically as a first step towards rescuing its economy, outgoing economy minister Mansour Bteish said on Thursday,...
Lebanon's banking control commission has asked banks for the dates and sizes of transfers to Switzerland since Oct. 17, when the start of anti-government...
The Lebanese Central Bank has asked commercial banks to review transfers abroad by politically exposed people between Oct. 17 and Dec. 31, when...
Lebanon’s Central Bank will not move forward with a proposed swap of Eurobonds maturing in 2020 before the government takes a decision on it, Central Bank...
BLOM Bank has approved the terms and conditions of an increase to its Tier 1 capital by 10 percent, an amount equivalent to $261.94 million, it said in a...
Lebanon's Blom Bank has approved the terms and conditions of an increase to its tier one capital by 10%, an amount equivalent to $261.94 million, it said in a...
Lebanon's central bank will not move forward with a proposed swap of Eurobonds maturing in 2020 before the government takes a decision on it, Central Bank...
BDL to hold off proposed swap of Eurobonds maturing in 2020 until govt takes decision
Blom Bank says approved increase of tier one capital by 10 pct, equivalent to $261.94 million
The unofficial exchange rate between the Lebanese pound and the U.S. dollar has dropped in recent days after a meeting between the Central Bank governor and a...
Bank Audi is considering selling its Egyptian subsidiary after receiving interest from lenders, its chief financial officer told Reuters
Lebanon’s sovereign debt is probably going to be restructured in a way that hurts neither the economy nor depositors
Central bank governor Riad Salameh is seeking extra powers to regulate and standardise controls that commercial banks are imposing on depositors to ensure...
Salameh says sent Jan. 9 letter to finance minister seeking extra powers from government