With Lebanon’s bank deposits representing four times the country’s gross domestic product, Executive sat down with Riad Salameh, the governor of Banque du Liban, Lebanon’s central bank, to find out …
Category:
Banking & Finance
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BLOM launches Egyptian investment fund BLOM Bank’s investment arm, Blominvest, is to launch and manage an investment fund in Egypt called the BLOM Pyramids Balanced Fund. The new fund will …
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Regional stock market indices Regional currency rates Zubair Corporation allies with Tefirom Zubair Corporation, an Omani business conglomerate, and Tefirom, a Turkish multi-national business group, signed a strategic alliance on …
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Bank ratings upgrades Four of Lebanon’s banks received ratings upgrades from Moody’s Investors Service in April. The agency raised the long-term foreign currency deposit ratings of BLOM Bank, Bank Audi, …
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Regional stock market indices Regional currency rates Zain board approves asset sale to Bharti-sources The board of Kuwaiti telecoms operator Zain has approved a $9 billion sale of most of …
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lending bounces back Central bank figures suggest that regular lending in Lebanon has resumed in 2010 after showing slow growth in 2009 due to the financial crisis. Commercial bank lending …
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Regional stock market indices Regional currency rates Syria to build oil refinery and Damascus metro Syria has completed preliminary steps toward implementing an estimated $3.5 billion refinery project. According to …
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Francois S. Bassil is chairman and general manager of Byblos Bank. Given how Lebanese banks survived the financial crisis virtually unscathed, Executive presented Bassil with some questions about the Lebanese …
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Byblos seeks extra $250 million After obtaining shareholder approval on February 19, Byblos Bank is set to proceed with a $250 million capital increase, to be completed by the end …
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EFG-Hermes sells stake in Bank Audi after “No” to acquisition After acquisition rumors circled through the regional media in October 2009, EFG-Hermes announced on January 18 that it had sold …