Banking & Finance

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 …

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 …

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 …

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 …

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 …

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 …

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 …

In search of the stronger credit ratings brought by more stable markets, Lebanese banks have long been conquering new territories and Egypt is no exception. While only Bank Audi and …

LCB in US crosshairs Lebanese Canadian Bank was accused by the United States Treasury Department of money laundering in connection with a drug operation with ties to Hezbollah, on February …