Banking & Finance articles

Outlook and potentials in the Lebanese insurance sector

Outlook and potentials in the Lebanese insurance sector

Reading Time: 3 minutes Regional geopolitical turmoil and ensuing economic uncertainties continue to place increasing pressure on the insurance sector. Stagnation in most of the sectors of the national economy is reflected in slower growth in premiums written by Lebanese insurers, and higher strain on profit margins. In light of this, the Insurance Control Commission (ICC), which is the

The financial situation in Lebanon

Reading Time: 3 minutes This has been a difficult year for the Lebanese economy, sectors of activity, and financial markets at large. Compounding matters, political uncertainties have grown, especially during the second half of 2018. This year has witnessed a low real GDP growth, which Banque du Liban (BDL), Lebanon’s central bank, estimates at 2 percent and the International

Lebanon’s banks remain stable, seeing moderate growth

Reading Time: 12 minutes Socioeconomically, Lebanon at the end of 2018 gives the appearance of having experienced a year of only two seasons: an overlong Carnival of political absurdities, and a Halloween of economic horrors. As opposed to the usual cycles of tilling, seeding, ripening, and harvesting, these two seasons of 2018 were profoundly unproductive. If this failure of

Bringing order to the Order

Reading Time: 8 minutes After living in France for 30 years, Jad Tabet, an architect and urban planner, returned to Lebanon early last year to run for the presidency of the Order of Engineers and Architects of Beirut (OEA), an independent trade syndicate covering all Lebanese regions bar the North. Tabet campaigned as an independent against Paul Najem, a

CA Indosuez Wealth Management

Reading Time: 11 minutes Executive sat down with Jean François Deroche chief executive officer of Indosuez, the wealth management arm at Crédit Agricole’s S.A. (CASA), and François Farjallah global head of the Middle East and Africa for Indosuez. In a November 2017 interview, the pair discussed Indosuez and CASA’s governance, international investments, and presence in the Middle East. E

The long journey of a large retailer

Reading Time: 11 minutes Local markets have proven remarkably resilient when it comes to resisting the dominance of large retailers that offer fast-moving consumer goods (FMCG) in hypermarkets and supermarkets—those behemoths of daily shopping that you enter with an empty shopping cart the size of a compact car and leave with said cart overflowing. One operator of mega-sized retail

A long time since the boom

Reading Time: 7 minutes Going into 2017, real estate stakeholders were riding a wave of optimism spurred by the end of a nearly three-year presidential vacuum and the formation of a unity government. After several years of market stagnation, developers willed themselves to believe that consumer confidence would be restored and residency uptake would finally resume. Buyers were also

Banking & finance

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Corporate governance

Reading Time: 4 minutes Corporate governance in the Middle East and North Africa (MENA) has been insufficient and is preventing corporations from fulfilling their economic potential. Corporate governance is crucial when companies seek to attract new shareholders and optimally mobilize sources of capital, but publicly traded companies in the region are not only lagging behind developed economies in terms

From foggy to cloudy

Reading Time: 14 minutes Ethereal. Ephemeral. Elusive. ETP, perhaps. Questing for upcoming banking-sector development opportunities in 2018 brings a whole palette of e-words to mind, including the “e” in ETP (electronic trading platform), but not the favorite e-word of marketers and their PR minions: exciting.  It seems that development opportunities in the banking sector are increasingly scarce, partly, of

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