BEIRUT: The International Monetary Fund is pushing the Lebanese government and the Central Bank to come up with clear answers concerning capital control and...
BEIRUT: Lebanon’s gold reserves have been sitting idle behind the heavily fortified walls at both Fort Knox and the Central Bank for many decades as a...
BEIRUT: Casino du Liban took the first step toward launching its online gambling services after asking international gaming companies to submit proposals to...
BEIRUT: The real estate giant Solidere made a comeback to profitability after selling close to $500 million in properties over the past two years, allowing it...
BEIRUT: The Association of Banks in Lebanon put the ball in the government’s court by presenting an alternative strategy to counter the Cabinet's...
BEIRUT: The head of the Association of Banks in Lebanon Salim Sfeir called on the government to pay all its dues to the lenders, stressing that the Lebanese...
BEIRUT: The state needs to play a vital role with the help of the Central Bank to restructure the banking sector through consolidation and capital increases,...
BEIRUT: The International Monetary Fund told Lebanese officials that they have to come up with clear figures on the losses incurred by the Central Bank, a...
BEIRUT: The government’s rescue plan would choke the Lebanese economy for the next 20 years and decimate the banking sector, the Secretary General of...
BEIRUT: Casino du Liban’s gross revenues have dropped by up to $40 million since the start of the coronavirus lockdown in the country, and the gaming...
BEIRUT: Lebanese authorities detained the head of the exchange dealers syndicate Mahmoud Mrad in a bid to end the manipulation of the dollar in the parallel...
BEIRUT: A source at the Finance Ministry indicated Monday that the International Monetary Fund appeared receptive to the idea of working with the government...
BEIRUT: Prime Minister Hassan Diab and Finance Minister Ghazi Wazni Friday signed a request for financial assistance from the International Finance Fund, a...
BEIRUT: Finance Minister Ghazi Wazni Thursday said the government had for the first time called for the gradual unpegging of the Lebanese pound from the U.S....
BEIRUT: A source at Alfa cellular company Tuesday denied allegations that the mobile operator has violated its contract with the government. “We fully...
BEIRUT: Lebanon’s insurance companies will change most of their insurance policies to the current pound price rates in the parallel market as the sector reels...
BEIRUT: The Central Bank Tuesday asked all commercial banks in Lebanon to allow customers with dollar or other foreign currency accounts to withdraw their...
BEIRUT: The Central Bank intends to keep intervening in the parallel market until the dollar rate against the Lebanese pound drops below LL3,000 at the end of...
BEIRUT: The Central Bank intervened Friday to stop the slide of the Lebanese lira against the dollar in the parallel market after the greenback hit a new...
BEIRUT: The unpopular haircut proposal may be part of an overall solution to restructuring the public debt and banking sector as well as salvaging the...
BEIRUT: The first priority of the Lebanese government is to restore the stolen and smuggled money estimated between $7 billion and $8 billion, Finance...
BEIRUT: Only a handful of Lebanese banks started implementing Central Bank’s circular on the withdrawal of small deposits at LL2,600 rates against the dollar...
BEIRUT: Lebanon’s Central Bank will ask all commercial banks to set the rate of the dollar at LL2,600 to allow customers with deposits of $3,000 or less in...
BEIRUT: Prices of imported products have surged by 50 to 55 percent in Lebanon due to the depreciation of the lira against the dollar and this has impacted...
BEIRUT: The Central Bank Friday instructed commercial banks to allow customers with deposits of not more than LL5 million to withdraw their money after...