Banking & Finance articles

To fee or not to fee

To fee or not to fee

The question of whether banks should structure their incomes on the premise of interest alone has long been answered in the negative. Diversification of risks and revenue streams have led institutions far beyond being mere lenders to generating income from services, transaction fees, trading, money management fees, commissions and the like. Even before the Great

Build it and they will come

Driving past the rows of vineyards and the occasional industrial factory in the fields of Taanayel, West Bekaa, one of the last things you would expect to see is 200,000 square meters of entertainment and mall structures. But that’s precisely the location Maurice Torbay, chairman of Cascada Village and a veteran of mall development in South

PCH: An explainer

The housing loans that commercial banks offer with the support of the Public Corporation for Housing (PCH), colloquially known as Iskan loans or PCH loans, are engineered according to a smart financing formula that is advantageous for borrowers but nothing short of complicated. When a first time home buyer with Lebanese nationality and residency has

A place all their own

So that every family may own a home. This, according to the chair-director general of Lebanon’s Public Corporation for Housing (PCH), Rony Lahoud, is the overarching idea under which the understaffed government agency pursues its mission of examining an endless stream of loan applications from Lebanese citizens. “It is hard work, but it’s amazing at

Striking a balance

“This law is a step aimed at achieving justice, and after 30 years without a law this step has become necessary and inevitable,” said MP Robert Ghanem, chair of the Parliament’s Administration and Justice Committee, according to the minutes of April’s rent law meeting. The committee had met to amend the law after the Constitutional

Tales from the sea

This article is part of an ongoing investigation on Beirut’s coast, from Raouche to Ramlet al-Baida. You can find the other articles here. *** It was 5 a.m. on Saturday May 2 when around 150 police officers descended on Dalieh. “I was there when they came,” Mohammad Itani tells Executive, speaking from outside the pile

Walking towards the light

Instead of hoping for good political news in Lebanon today, property hunters should just trust their fortunes. The country is much more stable than it looks, and smart money has every chance to find good real estate buys. At the same time, there are few bright spots for sellers. The uncertainty in the upper end

SkyBar on fire

In the early morning hours of Thursday, May 28, the famed rooftop club SkyBar was hit by a fire that destroyed three quarters of the venue and caused severe material damage, according to its general manager Paul Aoun. “While it is too soon to assess the exact amount of the damage, we estimate it to

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