When planning retirement in Lebanon, a key question one needs to ask is “Do I have enough money in my savings account for my old age?” And if not, then …
Category:
Finance
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The National Social Security Fund (NSSF) is Lebanon’s main social security program and the country’s largest insurance provider, covering approximately 30 percent of the population. Famed for its endless queues, …
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Continuing with their investigations of banks involved with Iran, United States authorities went after Standard Chartered Bank (SCB) last month, accusing the British bank of helping Iranian banks and corporates …
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“Pending the institution of an old-age insurance scheme, an end-of-service indemnity (EOSI) Fund shall be set up.” So begins article 49 of the 1963 Social Security Law. Run by Lebanon’s …
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Swiss private banks seem to be losing their mojo. Gone are the days where one could open a bank account in Zurich or Geneva and sit back, relax and enjoy …
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For paying nearly a quarter of each employee’s monthly salary into the National Social Security Fund (NSSF), one would think that private sector businessmen would be ensuring a nice retirement …
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The ingredients for creating a successful technology hub in Lebanon are on the table: ambitious entrepreneurs, power hungry venture capitalists and enthusiastic accelerators and incubators. Along with this growing ecosystem, …
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Last month new banking scandals came to the forefront. JP Morgan announced first-half trading losses of $5.8 billion amidst intensifying fraud investigations, while Barclays was engulfed in a rigging scandal …
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Information Minister Walid Daouk discusses the thinking behind his controversial draft law regarding the regulation and control of websites based in Lebanon — the Lebanese Internet Regulation Act — and …
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Lebanon’s banks see soaring profits slow as trouble brews both at home and next door in Syria, while American muscle-flexing makes for costly compliance measures