BEIRUT: The Finance Ministry asked the Central Bank this week to answer all the four questions posted by Alvarez & Marsal concerning the forensic...
BEIRUT: The Central Bank is thoroughly studying and assessing the files of all Lebanese banks that were supposed to increase the capital by 20 percent and...
BEIRUT: Most Lebanese banks might be able to increase their capital by 20 percent on Feb. 28 and may partially be able to repatriate part of the 3 percent...
BEIRUT: The Central Bank said Thursday that the Feb. 28 deadline for all banks to increase their capitals and repatriate 3 percent of the liquidity from...
BEIRUT: Facebook launched Wednesday a $600,000 lifeline initiative to support the small and medium size businesses in Lebanon to help these firms cope with...
BEIRUT: The majority of Lebanese banks are expected to raise their capitals by 20 percent before the Central Bank’s Feb. 28 deadline, but some of them...
BEIRUT: Lebanon’s inflation in 2020 soared to 84.8 percent, the highest since 1992.The Central Statistics Department figures for CPI for full-year 2020 show...
BEIRUT: The Central Bank is expected to hold a meeting Wednesday to study the questions forwarded by Alvarez & Marsal on conducting forensic auditing of...
BEIRUT: Many Lebanese banks are likely to ask Central Bank Governor Riad Salameh to extend the February deadline to comply with BDL’s circular 154 that...
BEIRUT: The 2021 draft budget that caretaker Finance Minister Ghazi Wazni submitted to the Cabinet projected this year’s deficit at LL4.687 trillion...
BEIRUT: Gone are the days when Lebanese banks lure new deposits by offering high and unreasonable interest rates on both dollar and pound accounts. Lebanese...
BEIRUT: A cyber hacker under the name of Spiderz managed to penetrate some of the accounts of Hezbollah’s financial and banking arm Al-Qard Al-Hassan....
BEIRUT: Lebanon-based Bank Audi, one of the country’s largest lenders, has initially agreed to sell its subsidiaries in Jordan and Iraq to Amman-based...
BEIRUT: Some Lebanese banks operating in Cyprus may exit the market in the little island while others will stay after the Central Bank of Cyprus requested a...
BEIRUT: Caretaker Finance Minister Ghazi Wazni said Tuesday that the ministry may either renew the contract with Alvarez & Marsal or find another firm to...
BEIRUT: Lebanon’s only national carrier MEA is set to charge prices of plane tickets in fresh dollars only in order to stay in business and avoid a total shut...
BEIRUT: Once seen as the backbone of the Lebanese economy, the banking sector in general suddenly fell from grace in the eyes of many fuming depositors. The...
BEIRUT: Lebanon's population is bracing for a dramatic increase in prices of gasoline, gas oil, flour products, the bulk of nonessential pharmaceutical...
BEIRUT: Caretaker Finance Minister Ghazi Wazni Thursday proposed the suspension of the banking secrecy law for one year to conduct forensic auditing of all...
BEIRUT: Blom Bank is optimistic about the chances to sell its subsidiary in Egypt and will use part of the money if the transactions succeed to increase the...
BEIRUT: Central Bank Gov. Riad Salameh has to comply with the Parliament’s decision to provide all the state and BDL accounts to the forensic auditing team...
BEIRUT: Twelve Lebanese banks have resorted to leading US law firms to challenge lawsuits by the heirs of US Army victims killed or injured in Iraq who claim...
BEIRUT: Lebanon’s Central Bank net foreign currency reserves has recorded a deficit of $58 billion up to this date and this was mainly due to the...
BEIRUT: Caretaker Justice Minister Marie Claude Najm reiterated Monday that there was no justification for Central Bank Governor Riad Salameh not to provide...
BEIRUT: Caretaker Finance Minister Ghazi Wazni said Friday that he was surprised by Alvarez & Marsal's decision to terminate the contract to carry out...