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 …
Category:
Banking & Finance
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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 …
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Ammar Yacoub failed to see the point of insurance — why regularly spend cash on something you might never use? So when money got tight in early 2008, he needed …
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Lebanon’s banks weak but safe, says Fitch According to Fitch Ratings, Lebanon’s banks have a paradoxically low level of strength and low level of vulnerability. In their newest ratings release, …
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GCC private equity and M&As The United Arab Emirates have taken the top spot in terms of private equity (PE) deals in the Middle East during the first half of …
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Political infighting has dogged attempts by Gulf Cooperation Council states to integrate their economies. Most recently the factious nature of GCC relations has been agitated by the planned monetary union. …
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Regional stock market indices Regional currency rates Saudi Arabia’s Liquidity Reaches $267B Saudi Arabia’s liquidity rose to 1 Trillion Saudi Riyal ($267B) as the Saudi Arabian Monetary Agency (SAMA) adopted …
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E Marwan Iskandar recently said that it is not realistic to think that Lebanon has not been affected by the global financial crisis, especially considering the public debt; what’s your …
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E Marwan Iskandar recently said that it is not realistic to think that Lebanon has not been affected by the global financial crisis, especially considering the public debt. He said …
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E What is the main reason you believe that Lebanon’s banks have weathered the worst effects of the global financial crisis? The year 2008 confirmed to us that what characterizes …