The Central Bank Thursday asked Lebanese commercial banks to offer zero percent interest loans in US dollars to individuals, SMEs and corporations to repair their houses, businesses and shops that were damaged by Tuesday’s Beirut Port explosion.
Finance Minister Ghazi Wazni called on his French counterpart Bruno Le Maire to help Lebanon to open letters of credit from abroad and to provide urgent assistance to Lebanese affected by Tuesday’s disaster.
The catastrophe that struck Lebanon Tuesday will further exacerbate the economic woes in the country as the government rushes to secure massive financial assistance in order to rebuild Beirut Port and devastated areas.
The Lebanese pound rose slightly against the dollar Wednesday, trading at LL8,000 as leaders worldwide pledged to aid Lebanon after it suffered from a huge explosion that leveled large parts of Beirut.
The withdrawal of a number of Lebanese banks from the Iraqi market didn’t go unnoticed as some are still concerned about this matter, given the importance of...
Economy Minister Raoul Nehme said Tuesday that the wheat in Beirut's port granaries can not be used and that the ministry lost track of seven employees in the...
Byblos Bank, one of the largest lenders in Lebanon, said Tuesday that it recorded a loss of $122 million in 2019 due to the allocation of “collective...
The Lebanese pound dropped against the dollar on the black market Monday, trading at around LL7,900 after the government was rocked by the resignation of...
Turkey's lira Thursday set a new record low against the US dollar as investors worried about the government's economic policies and dollar reserves appeared...
Iran's main stock index broke through the key 2 million point mark for the first time ever on Sunday, state media reported, amid warnings that the market is...
World stocks ended four days of gains on Friday after US. President Donald Trump cranked up simmering tensions with China by banning US transactions with two...
European shares fell after opening higher, following a mixed bag of earnings results, while the dollar's rebound stalled as investors waited for progress in...
Many Lebanese lawmakers are threatening to kill the government’s economic rescue plan if it does not make drastic amendments to the program, a reliable source...
The Lebanese pound rose against the dollar on the black market Wednesday, trading at around LL7,600.
The Lebanese pound dropped against the dollar on the black market Tuesday, trading at around LL 7,800.
International rating agency Moody’s Monday downgraded Lebanon’s issuer rating from Ca to C, the lowest level possible, due to the country’s enormous financial...
The Lebanese pound gained ground against the dollar Monday, trading at around LL7,700 on the black market.
The Lebanese pound gained against the dollar on the black market Friday, trading at around 7,600.
The Lebanese pound retreated on the black market Friday, trading at LL7,900 against the dollar.
The Lebanese pound gained value against the dollar on the black market Thursday, trading at an average of 7,400 against the dollar. Unlicensed exchangers were...
The Lebanese pound gained on the black market Wednesday, trading at around LL7,900 against the dollar, after hovering around LL8,100 for four days.
The Lebanese pound for the fourth consecutive day Tuesday was trading at around LL8,100 to the dollar on the black market.
A Lebanese court Monday ordered the repossession of Central Bank Gov. Riad Salameh’s assets and properties.
The Lebanese pound was little changed against the dollar on the black market Sunday, trading at around LL8,150 to the greenback.
The Lebanese pound was stable against the dollar on the black market Sunday after registering losses the day prior, trading at around LL8,100.
The Lebanese pound dropped in value on the black market Saturday, trading at LL8,100 against the dollar.
Lebanon’s government and the Central Bank are working on adjusting the state’s economic rescue plan to introduce it to the International Monetary Fund to...
The Lebanese pound maintained its rise in value on the black market Friday, trading at LL7,850 against the dollar.
BLOM Bank, one of Lebanon's two largest lenders in terms of assets and deposits, said its net profits in 2019 dropped by 77 percent to $115.4 million compared...
Various Lebanese groups will eventually realize that they have no other choice but to strike an agreement with the International Monetary Fund
The Central Bank formed a special committee to restructure the commercial banking sector in Lebanon as talks between the government and the International...
The Lebanese pound increased slightly in value on the black market Thursday, trading at LL8,300 against the dollar.
The Lebanese pound rose slightly on the black market Wednesday, trading at LL8,400 to the dollar.