Jammal Trust Bank self-liquidated: Salameh
Finance Minister Ali Hasan Khalil said Wednesday that Lebanon intended to issue $2 billion in Eurobonds, but with interest rates lower than the market.
Lebanon intends to issue $2 billion in Eurobonds with interest rates below 14 percent, Finance Minister Ali Hasan Khalil said Wednesday.
Lebanon intends to issue $2B in Eurobonds with interest rates 'much lower' than 14 pct: finance minister
After 56 years of banking services, Jammal Trust Bank finally closed the curtains on all its operations Thursday after the U.S. Treasury accused the small...
A rally in Lebanon’s Eurobonds will prove short-lived if the country’s government can’t get serious about reforms that are needed to claim Saudi Arabian aid.
Gas stations closed Wednesday in a “pre-emptive” strike to protest a shortage of dollars that forced them to pay high rates from street currency exchange...
Cars lined up for fuel across Lebanon Tuesday evening, as drivers rushed to fill their tanks ahead of a strike by gas station owners set for Wednesday....
Not everyone agrees that interest-rate cuts are warranted in the U.S., but monetary easing by the Federal Reserve is making looser policy possible where it’s...
Saudi Arabia, the world’s biggest crude exporter and a powerhouse of the oil refining industry, is scouring global fuel markets for cargoes in the wake of...
The U.S. president said Federal Reserve Chairman Jerome Powell’s job was safe even though he was “not thrilled” with the central bank after it moved to lower...
The trade war between the United States and China has plunged global growth to its lowest levels in a decade, the OECD said Thursday as it slashed its...
Cars lined up at gas stations across Lebanon Tuesday evening to fill up ahead of a strike by fuel companies set for Wednesday.
Lebanon’s 14 leading banks in terms of assets and deposits saw their total profits shrink by 6.6 percent in the first half of 2019 compared to the same period...
Credit Libanais Monday received a $100 million credit line from the European Bank for Reconstruction and Development to expand finance and trade facilities...
Prime Minister Saad Hariri Monday discussed energy cooperation with Qatari Minister of State for Energy Affairs Saad Sherida al-Kaabi.
The Association of Banks in Lebanon Monday denied a news report that the U.S. authorities intended to slap sanctions on four Lebanese banks.
Lebanon is still considering the option of a new dollar debt sale and has not yet announced any issuance, Finance Minister Ali Hasan Khalil told Reuters...
Demand for cash dollars is "nothing unusual" and banks are satisfying client requests to exchange Lebanese pounds for the U.S. currency, senior banking...
The London-based Institute of International Finance has said that despite a recent Fitch downgrade of Lebanon’s rating to CCC from B-minus, the country is...
The Lebanese government is expected to pay the highest yield in its history on the forthcoming Eurobonds issue, bankers and analysts said Monday.
International investment bank Goldman Sachs has said Lebanon’s Eurobonds are worth more than the current prices.
Lebanese banks could ask for higher yields on any Eurobonds issued by the government, multiple bankers have told The Daily Star.
Preliminary work on Lebanon’s long-awaited Deir Ammar Power Plant (DAPP2) project will begin this week, officials said, after an 18-month delay, skepticism...
We have reached the moment of truth: Our economy is sputtering, but there is a glimpse of hope if we act responsibly and act now.
Central Bank Gov. Riad Salameh said Thursday that the Central Bank had taken all measures to ensure that banks and financial institutions fully complied with...
Bank Audi has said that Lebanese lenders remain well-placed to weather the challenges and difficulties they face.
Standards & Poor’s Global Ratings warned Wednesday that Lebanon’s Central Bank had enough foreign currency reserves to last for one year only, urging the...
Lebanon’s private sector experienced further decline in its performance in the month of August 2019, according to BLOMINVEST PMI report Wednesday.
Banque du Liban Gov. Riad Salameh said Tuesday that he was following the developments concerning sanctions-hit Jammal Trust Bank, and repeated that the...
The Finance Ministry said real estate transactions in the first seven months of 2019 had shrunk by 24 percent compared to the same period of 2018.
The private sector is expected to play a prominent role in the implementation of a bold electricity plan that would put the country on the right track, a...
Lebanon’s budget deficit in the first half of 2019 dropped by more than 20 percent to $2.42 billion compared to the same period of 2018 due to a sharp drop in...