Banking & Finance

Banking secrecy exceptions Banking secrecy was lifted on 18 accounts in Lebanon last year according to the annual report of the Special Investigation Commission (SIC), an independent entity established 10 …

“The idea that ‘drill, baby, drill’ can cure our jobs deficit is basically a joke.” “We call on banks to continue stimulating growth in their deposits, even at the expense …

Stock indices continue their upward trend this year despite investor skepticism, with global fundamentals remaining weak as March came to a close. Last month markets were wavering between signs of …

M1 upping the stake in Sainsbury’s Investment fund M1 group, owned by Prime Minister Najib Mikati and his brother, Taha, raised its share to just over 3 percent in J …

“It is our intention to vote against the deal unless the merger terms for Xstrata shareholders are materially improved.” “In a regional world marked with political uncertainties and a global …

The markets began to regain ground last month, and by mid-February the S&P 500 Index had gained 7 percent and the Dow Jones 5.6 percent since the start of the …

MEA circles Cyprus Airways Middle East Airlines said it may bid for a stake in Cyprus Airways, the island’s loss-making airline. The Cypriot government approved a capital raise for the …

“Looking at the present situation in the Eurozone area one has to be more optimistic than one would have been six or seven months ago.” “There will be no more …

RBS closing Middle East M&A arm Royal Bank of Scotland, majority owned by the government of the United Kingdom, is in talks to sell its Middle East merger and acquisition …

The healthy financial results released by top Lebanese banks at the end of January 2012 offset investors’ worries over the regional security situation and its implications on Lebanon. Hence, the …