There are perhaps two defining features of the Lebanese banking system in the last six years. The first, more recent feature, is its emergence as a safe haven amid the …
Category:
Banking
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Regional stock market indices Regional currency rates Saudi Arabia’s $2 billion power charger The board of Saudi Electricity Co.(SEC), the largest company in the Gulf by market value, announced a …
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Samih Saadeh is general manager of Lebanon’s 18th largest bank, Banque BEMO, and has been with the bank since 2003. He started working in the banking industry in 1978 and …
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As property prices in Dubai continue to plummet and defaults in retail loans increase, many banks are retrenching the size of their loan books. Meanwhile, mortgages remain pricey due to …
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Banking
A bank that grows from strength to strength
by Marwan Salem & Raya Freyhaby Marwan Salem & Raya FreyhaIn a recently released report FFA Private Bank has initiated coverage on BLOM Bank, with a buy recommendation and a fair value estimate of $91.6 per share, implying a price …
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UAE Public Debt Unit formed On September 7, the UAE announced the creation of a public debt unit in order to manage the country’s debt. In February, Bank of America …
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Regional stock market indices Regional currency rates South Koreans awarded housing development contracts in Libya Two South Korean contractors, Sungwon Corporation and Amco, won a $1 billion contract to construct …
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UAE restricts structured products On August 2nd, the United Arab Emirates’ central bank issued a circular instructing Emirati banks to withdraw from selling structured products. “Should a bank wish to …
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Salim G. Sfeir has been chairman and general manager of Bank of Beirut since 1993. He spoke with Executive about Bank of Beirut’s plan to open 14 new branches — …
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The veil of secrecy shrouding the scandal involving two financial titans — Saad Group and Ahmad Hamad Algosaibi & Brothers Company — has regional financiers fearing untold billions of dollars …
