In its bid for IMF support, Lebanon must address a question it has evaded since the economy imploded two years ago: how should it distribute the huge losses caused by its financial collapse?
International investment bank Goldman Sachs estimated that restructuring of Lebanon’s financial system would leave the Lebanese banks with total losses of up to $65 billion and could lead to insolvency.
Central Bank’s plan to totally lift the subsidies on gasoline may encourage the new Lebanese Cabinet to proceed successfully in talks with the International Monetary Fund.
The Lebanese pound was trading at 16,400 to the dollar on the black market Thursday
The Lebanese pound fell again on the black market Wednesday, trading at 15,150 to the dollar, exchange dealers said.
A group of Lebanon's bondholders, including some of the world's biggest investment funds, urged the new government on Tuesday to begin debt restructuring...
The Lebanese pound is trading at 14,750 to the dollar on Tuesday
On a recent afternoon, Lebanese cryptocurrency trader Mario Awad was sorting out the details of a $2 million deal with a high-profile customer - complete with...
Turkey's central bank cut its main interest rate on Thursday after months of pressure from President Recep Tayyip Erdogan for it to lower rates.
The United Arab Emirates central bank sees increased risks of illicit financial flows emerging from the COVID-19 pandemic, including money-laundering and...
New York easily kept the top spot in the latest Global Financial Centres Index (GFCI), while London held on to second place as Chinese cities slipped,...
China intensified a crackdown on cryptocurrency trading on Friday, vowing to root out "illegal" activity and banning crypto mining nationwide, hitting bitcoin...
The Lebanese pound was up Monday, trading at 14,250 to the dollar on the black market
The Lebanese pound was trading to the dollar at 14,950 on the black market Saturday
Lebanon has officially received $1.139 billion from the International Monetary Fund which is part of the country’s Special Drawing Rights, the Finance...
Lebanon receives $1.139B in IMF special drawing rights (SDRS)
The Lebanese pound fell on the black market Friday, trading at 15,450 to the dollar, reversing some gains in recent days.
The first shipment of swapped Iraqi fuel (gasoil) unloaded its cargo in Lebanon Thursday as part of an agreement with the Iraqi government to supply the...
Moody’s: Former Cabinet’s economic recovery plan good starting point for new Cabinet
The Lebanese pound edged higher Wednesday, trading at LL16,150 to the dollar on the black market, exchange dealers said.
Bank of America Global Research said it is very likely that new Finance Minister Youssif Khalil would unify Finance Ministry and Central Bank efforts...
Lebanon's outgoing finance minister Ghazi Wazni said on Tuesday a contract for a forensic audit of the central bank would be signed in a few days by the new...
The Lebanese pound was slightly up Tuesday, trading at LL16,250 to the dollar
For Lebanon’s new government, all roads lead to IMF
The pound is trading at 16,350 to the dollar, said exchange dealers
Lebanon's Finance Ministry says to receive SDRs from the IMF on Sept. 16 worth $1.135 billion
The Lebanese pound edged lower Saturday, trading at 16,050 to the dollar on the black market, a day after it surged around 10 percent on the formation of a...
The Lebanese pound is trading at LL15,750 to the dollar on the black market
The resumption of the Egyptian gas to Lebanon depends on the speed of talks between the Lebanese government and the World Bank to secure funding for this...
The pound fell on the black market Thursday, trading at 18,850 to the dollar
The Lebanese pound fell on the black market Wednesday, trading at 18,350 to the dollar, as hopes of an imminent formation of a new government appeared to have...
Syria has no technical or logistical problems in resuming the shipment of Egyptian gas through its territories to Lebanon since all the pipelines remained...
Owners of the private electricity generators started hiking their prices by more than two to three times this month under the pretext that the rates of the...