Banking & Finance articles

Outlook and potentials in the Lebanese insurance sector

Regional geopolitical turmoil and ensuing economic uncertainties continue to place increasing pressure on the insurance sector. Stagnation in most of the sectors of the national economy is reflected in slower growth in premiums written by Lebanese insurers, and higher strain on profit margins. In light of this, the Insurance Control Commission (ICC), which is the

The financial situation in Lebanon

This has been a difficult year for the Lebanese economy, sectors of activity, and financial markets at large. Compounding matters, political uncertainties have grown, especially during the second half of 2018. This year has witnessed a low real GDP growth, which Banque du Liban (BDL), Lebanon’s central bank, estimates at 2 percent and the International

Bringing order to the Order

After living in France for 30 years, Jad Tabet, an architect and urban planner, returned to Lebanon early last year to run for the presidency of the Order of Engineers and Architects of Beirut (OEA), an independent trade syndicate covering all Lebanese regions bar the North. Tabet campaigned as an independent against Paul Najem, a

CA Indosuez Wealth Management

Executive sat down with Jean François Deroche chief executive officer of Indosuez, the wealth management arm at Crédit Agricole’s S.A. (CASA), and François Farjallah global head of the Middle East and Africa for Indosuez. In a November 2017 interview, the pair discussed Indosuez and CASA’s governance, international investments, and presence in the Middle East. E

The long journey of a large retailer

Local markets have proven remarkably resilient when it comes to resisting the dominance of large retailers that offer fast-moving consumer goods (FMCG) in hypermarkets and supermarkets—those behemoths of daily shopping that you enter with an empty shopping cart the size of a compact car and leave with said cart overflowing. One operator of mega-sized retail

A long time since the boom

Going into 2017, real estate stakeholders were riding a wave of optimism spurred by the end of a nearly three-year presidential vacuum and the formation of a unity government. After several years of market stagnation, developers willed themselves to believe that consumer confidence would be restored and residency uptake would finally resume. Buyers were also

Corporate governance

Corporate governance in the Middle East and North Africa (MENA) has been insufficient and is preventing corporations from fulfilling their economic potential. Corporate governance is crucial when companies seek to attract new shareholders and optimally mobilize sources of capital, but publicly traded companies in the region are not only lagging behind developed economies in terms

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