Parliament’s endorsement of Lebanon’s 2020 budget Monday will not be enough to win the confidence of the international community or encourage donor countries to provide badly needed soft loans to the battered economy.
The management of Bank of Beirut completely denies what was reported by Ad-Diyar newspaper in its issues on Jan. 24, 25 and 26, 2020, under the headlines “Will Bank of Beirut follow the Lebanese Canadian Bank, Jammal Bank and Al-Madina Bank?”
Lebanon's central bank said on Saturday there would be no "haircut" on deposits at banks due to the country's financial crisis, responding to concerns voiced by a prominent Arab billionaire about risks to foreign investments there.
Lebanese consumers feeling the pinch from rising living costs amid an economic crisis are likely to be squeezed even tighter as more local pounds and less U.S. dollars come into circulation, pushing up inflation.
A stack of Lebanon’s dollar government bonds tumbled to record lows Friday, ahead of a meeting between the country’s new Finance Minister Ghazi Wazni and a...
Lebanon's finance minister to meet IMF official on Saturday: Reuters
The newly formed government will probably consider the idea of rescheduing the public debt for the first time in Lebanon’s modern history as the financial...
Lebanon’s new government must decide whether to seek help from the International Monetary Fund to help ease its financial crisis.
A flare-up of a currency war between Yemen’s foes has sent the riyal crashing, aggravating a humanitarian crisis that has already driven millions to the brink...
Vodafone Group PLC is in talks to sell its majority stake in its Egyptian unit to Saudi Telecom Co., a senior government official said, in a deal that could...
The International Monetary Fund Tuesday urged policymakers to keep a close eye on financial vulnerabilities such as rising debt levels that could pose...
Boeing Co. successfully staged the first flight of the world’s largest twin-engined jetliner over the weekend in a respite from the crisis over its smallest...
The new LL2,000 fixed rate for exchanging U.S. dollars for Lebanese pounds could force exchange houses underground and create a third parallel market,...
After three months of political paralysis, Lebanon has finally formed a government under Prime Minister Hassan Diab.
United Arab Emirates’ largest lender First Abu Dhabi Bank (FAB) is in talks to potentially acquire the Egyptian subsidiary of Bank Audi, two sources familiar...
Under increasing pressure from restive populations that are demanding economic opportunity and social justice, many governments in the Middle East and North...
Newly appointed Finance Minister Ghazi Wazni said Wednesday that one of the priorities of the government was to secure between $4 billion to $5 billion of...
Lebanon’s new government faces huge upcoming debt repayments and a currency peg at breaking point, but it may already have run out of the hard cash firepower...
It will be "difficult, if not impossible" for the Lebanese pound exchange rate to the U.S. dollar to return "to what it was," Lebanon's new Finance Minister...
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...
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...
Unofficial exchange rates further dropped Tuesday with the Lebanese pound selling at LL2,225 to the dollar.
Elie Zakhour, the president of the International Chambers of Navigation, said the strict capital controls imposed by banks have dealt a severe blow to...
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
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.
Lebanese Eurobonds maturing in March dropped the most on record as the threat of a downgrade to near default added to selling pressure.
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...
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...
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...
Lebanon’s Central Bank’s financial watchdog has officially requested all commercial banks operating in the country to review and disclose all transfers sent...