Financial markets despise uncertainty, but in Lebanon, these markets were served with large doses of uncertainty time and time again in 2004. Certainly, Lebanon’s geographical location did not help matters: …
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“I trust Lebanon and its beloved people to God Almighty.” While Rafik Hariri’s resignation flourish may have had more than its share of melodrama, one has to question whether the …
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There has been much speculation surrounding the implications of the presidential extension, especially given the reservations articulated by international leaders, the UN, and prominent members of the Arab League, including …
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The banking sector in Lebanon continued to witness sustained growth throughout the first half of 2004, continuing the trend adopted in 2003, which followed a short lull. Total banking sector …
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In a highly publicized speech at the end of July 2004, Maronite Patriarch Cardinal Nasrallah Butros Sfeir called on the government to review the minimum wage in Lebanon (which currently …
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Last month’s issue of EXECUTIVE profiled the 10 mostly likely medium and small Lebanese banks to be acquired or merged. As we now seek to identify the potential acquirers, we …
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Did the Audi-Saradar merger hint at a possible consolidation trend in the Lebanese banking sector, or was it a one off? The sector has seen a number of waves of …
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There was much debate and not a little bad feeling, but in the end Parliament, after a three-day marathon debate, approved the 2004 state draft budget on April 7, with …
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Following the failed merger talks between Banque Audi and Banque Libano-Francaise in 2002, few anticipated the announcement of last month’s $159 million merger acquisition of Banque Audi and Banque Saradar. …
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Despite its proud regional reputation, Lebanon’s banking sector has faced a number of hurdles in the past few years. Strong regional competition, stemming from the spawning of a number of …
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