In the aftermath of Lebanon’s devastating financial and socio-economic crisis, the reconstruction of the banking sector and restoration of macroeconomic stability demand urgent and sophisticated interventions. This crisis, characterized by…
Banking
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According to stakeholders in the renewable energy (RE) field, Lebanon’s banking sector is largely and conspicuously still absent in meeting the current needs of RE finance. At the time when…
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With the current financial crisis, and foreign currency gap at the central bank of Lebanon Banque du Liban (BDL), the demand for an auditing of the Lebanese State and state-related…
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BankingBeirut Port explosionBusinessBusinessCultureFinanceOverview
Pivotal events of 2020
by Nabil Makariby Nabil MakariDECEMBER 19Parliamentary consultations take place. Mr. Hassan Diab is nominated to form a government, backed by the Amal movement, Hezbollah, the Free Patriotic Movement, the Marada and others. DECEMBER 20-31Heavy…
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BankingEconomics & Policy
Video: Natacha Tannous interviews Makram Azar about banking, US and European Macro Economics and the Middle East
Makram Azar is Chairman of Banking EMEA and Chairman of Barclays Bank PLC, MENA. Makram also chairs the Senior Client Group globally. Mr. Azar joined Barclays in September 2010 from…
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It is timely and prudent to review the policies of Gulf Cooperation Council countries. The region, which is known for deriving much of its economic revenues from the exporting of…
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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…
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With praise from international media raining in for his steadiness at Lebanon’s financial helm, Executive sat down with Central Bank Governor Riad Salameh to discuss the current and future state…
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The banking sector remained the backbone of the Lebanese economy in 2009. Bank assets are equivalent to 334 percent of gross domestic product and deposits are equivalent to 274 percent…
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Makram Sader Secretary general, The Association of Banks in Lebanon We have good trends in terms of increases in our deposit base, in terms of increases in our credit portfolio,…