Government pockets Dubai Bank The Dubai government last month took full control of Dubai Bank, an Islamic lender that was 70 percent owned by the emirate’s Dubai Holding and 30 …
Category:
Banking & Finance
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Beirut SE Current year high: 1,111.39 Current year low: 912.21 > Review period: Closed April 25 at 924.62 points Period Change: -1.1% With government formation stuck for a third month, …
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Simon Cooper is deputy chairman at HSBC Bank Middle East and North Africa (MENA). He recently sat down with Executive to discuss the effect of the regional unrest on business and …
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The United States government’s recent designation of Lebanese-Canadian Bank (LCB) as a “prime money laundering concern” crippled the bank, prompting a shotgun marriage merger that will effectively erase LCB from …
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ABL adjusts benchmark lending rates The Association of Banks in Lebanon (ABL) has recommended an adjustment of local and foreign currency benchmark lending rates to its member banks. In a …
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Regional stock market indices Regional currency rates France Telecom, Agility to acquire stake in Iraq’s Korek France Telecom agreed with Kuwaiti logistics group Agility to acquire a 44 percent stake …
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Beirut SE Current year high: 1,180.99 Current year low: 923.19 > Review period: Closed March 24 at 934.33 points Period Change: -0.28% Beirut stocks inked an 18-month low on …
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Life’s good in insurance Lebanon’s life insurance industry should see significant growth in the coming four years, says Business Monitor International (BMI). Between 2011 and 2015 the independent research and …
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Regional stock market indices Regional currency rates UAE developers down at end 2010 Real estate firms in the United Arab Emirates suffered from poor earnings results in the fourth quarter …
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Beirut SE Current year high: 1,180.99 Current year low: 935.56 > Review period: Closed Feb 28 at 936.99 Points Period Change: -5.3% More turmoil in the region, no cabinet …