Banking articles

Pivotal events of 2020

DECEMBER 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 protests take place, protesting the nomination of Hassan Diab as Prime Minister. JANUARY 14Lebanese Protests resume after weeks of calm. Banks are heavily targeted as

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 Kohlberg Kravis Roberts & Co (KKR) where he was Managing Director and Head of Middle East and North Africa. Prior to joining KKR, Mr. Azar

The Gulf after oil

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 oil, entered difficult fiscal waters around 2014. It is in need of new ideas for economic development, given the confluence in 2016 of uncertainty about

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

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