When news broke out in August that a cyber virus dubbed ‘Gauss’ attacked bank accounts in the Middle East, with the vast majority being Lebanese accounts, senior management at local …
Category:
Finance
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Today’s smartphones increasingly resemble “mini laptops”, allowing users on-the-go access to the Internet. They are about to get more useful and addictive, becoming wallets as well, allowing users to pay …
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Markets appeared to be on the downward slope of the rollercoaster last month. After rallying following monetary easing measures in the United States and in Europe in September, markets have …
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Bailout news dominated market headlines last month, but this time it was the European Central Bank (ECB) that committed unlimited funds to acquire the short-term debt of European countries in …
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European Central Bank (ECB)’s president Mario Draghi announced last month an unlimited bond-buying program to save the Eurozone and its debt-loaded countries. The United States Federal Reserve is also buying …
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Unemployment in Lebanon is in excess of 10 percent, with youth unemployment close to 25 percent. This is despite the low labor force participation rate of educated Lebanese women (only …
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"People are killing each other to steal LL100,000 or LL200,000,” says Mohamad Choucair, president of Lebanon’s Chamber of Commerce, Industry and Agriculture. “That’s how bad the situation is.” While perhaps …
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Kidnappings, blocked roads, robbed banks and travel warnings are among Lebanon’s latest upheavals. The country’s economy is feeling the pressure with stores and restaurants closing down, hotel occupancy rates plummeting …
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Last month’s market news was tainted with scandals yet again, most notably British bank Standard Chartered was accused of hiding some 60,000 transactions facilitated for Iran, worth approximately $250 billion. …
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The development of an efficient, modern and systematic arbitration process is arguably a central tenet that accompanies a country’s economic development and progress. Among other marks of quality, growth-oriented countries …