Beirut SE (One month) Current year high: 1,200.49 Current year low: 705.56 During the buildup towards end of year revelry, excitement in Lebanon was largely reserved for street life and…
Banking & Finance
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We live in a time when hardly a day goes by without hearing about a cybersecurity incident. The need for a safe and secure digital world significantly grew after the…
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Banking & FinanceCommentSpecial Report
No Legal Legs to Stand On: Mikati’s Plan for the Financial Crisis
Since the start of Lebanon’s financial woes at the end of 2019, the government has proposed several measures to address the liquidity crisis in banks. Yet all the suggested measures…
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Lebanon’s fiscal policy over the past decades has been in most years very expansionary. Fiscal deficits at the end of the civil war relied heavily on domestic currency financing. Foreign…
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AnalysisBanking & FinanceSpecial Report
The legality and the perceptions of banking based in Lebanon
To the interest of anyone who is not a part of the political and banking power ensemble, an absurd theater of dance and song is being played out on the…
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Lebanon’s socio-political-economic cancer has metastasized through critical levels of political corruption and nepotism, with flagrant economic and social exploitations, from politicians, their institutions, and the elitists who surround them. The…
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AnalysisBanking & FinanceSpecial Report
The Local Bitcoin Market and the Crisis
by Sasha Matarby Sasha MatarLebanon’s banking crisis is yet to offer depositors any cushion to soften the blow of capital control restrictions, a crumbling currency, and an uncertain future. As depositors become well versed…
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In periods of economic uncertainties, people look for safe havens to preserve the value of their money and assets, and the choices of investors during the current global and local…
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“You can take it to the bank,” is an idiomatic expression commonly uttered by someone – usually a politician or manly man with business power – to express a very…
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One banker, interviewed for this issue, said it: “Bankers feel threatened, bullied, and feel that they are [made to bear] responsibility for something that they did not do.” The stewards…