Banking & Finance articles

Rocky relations

Rocky relations

Just a few years ago Lebanese banks were apprehensively awaiting regulations they expected would impact business. These arrived with the United States’ introduction of the Foreign Account Tax Compliance Act (FATCA), alongside international standards for anti-money laundering and counter-terrorism financing (AML/CTF), as well as the implementation of Basel 3 regulations – a framework for basically

The twisted tale of the Lebanese Canadian Bank

You thought it was over, didn’t you? Assuming you remember the rise and demise of Lebanese Canadian Bank, from its ascendance in the 1990s until it was struck by US allegations of terrorism finance and money laundering (for Hezbollah) in 2011. Executive trusts that you also know of the subsequent investigations and negotiations. They resulted

Meet the megas

The confidence many developers have in the Lebanese real estate market is certainly not inspired by the numbers. On paper 2015 and 2016 look like the two worst years since 2007, yet this year and last have seen the launch of a handful of large-scale residential projects – one of which is the largest development

Finding the funding for big tech dreams

Aasim Saied has some unorthodox ideas about how technology entrepreneurs should fundraise and how best to structure a board of directors. Saied founded Akyumen, a self-described “digital products company committed to opening the door to innovation and advancing access to education through state of the art niche products that bring technology directly to your hands.”

The Uni-leader

When Lebanon-based Fattal Holding, agents and distributors for numerous global brands in six countries of the Middle East and North Africa region, celebrated the 80th anniversary of their partnership with consumer goods multinational Unilever, the occasion was auspicious enough to bring Unilever Chief Executive Officer Paul Polman to Beirut. Executive used the rare opportunity to

Money talk

Financial markets have rallied significantly from mid-February to mid-March, supported by several events including, but not limited to, the G20 summit, the Chinese National People’s Congress meeting, the expansion of the European Central Bank’s (ECB) quantitative easing and the Federal Open Market Committee’s March session being more dovish than expected.  So what’s next for global

The real cost of regulations

In our relentless pursuit to unravel the equities markets’ mysteries of 2016, Executive sat down for a further conversation with Paul Donovan, the managing director, Global Economics at UBS Investment Bank. E   What do you make of market behaviors in the first six weeks of 2016? One always expects some volatility but market volatility

Defying superstition

The boardrooms of modern corporations are nerve centers. The decisions made here influence the course of the entire corporation, which in this sense can be compared to a ship. Biases and blind spots in the boardroom can easily ruin the entire voyage, and superstitions against inclusion of capacious people on a board of directors can

Inside a corporate nation

Three of the world’s top five companies by market value – Apple, Microsoft and Google – today run like nations unto themselves. Each has a utopian headquarters – home base for an army of employees with global reach and influence. Their aim is wealth creation both for employees and shareholders, but their products also help

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