Expect more sparkling wine in plastic cups than champagne in crystal flutes at the year-end parties of Lebanese banks. What were once soaring profits have now taken a beating on …
Category:
Finance
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This year has been shaping up to be even more bumpy than the last for Lebanon, riddled with domestic unrest, an ongoing conflict in neighboring Syria and global economic uncertainties. …
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The growth in profitability of Lebanon’s banks continues to be stunted by slower economic progress not only in Lebanon but also globally, as well as turmoil in neighboring Syria and …
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With the macroeconomic blues still singing in the headlines, the prospect of earning big returns through conventional market investments — such as buying stocks, bonds or trading foreign currency — …
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From his office in Paris overlooking the Seine, 47-year-old Fady Michel Abouchalache, Chief Executive Officer of Quilvest group with $18 billion in assets under management, is proud to show off …
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The Lebanese government would be broke if it were not for the country’s banks. For decades the banks have lent to the sovereign to help make up the vast difference …
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When Abdul Hafiz Mansour says 2011 was an “active” year, he leaves the impression that an off-the-record interview would yield a coarser word choice. As the “Secretary” of the Bank …
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Over the course of the last decade, electronics have transformed the global markets: virtually all the world’s exchanges are electronic. Access to liquidity and the ability to execute in nanoseconds is …
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Financial wherewithal was not a quality Lebanese poet Khalil Gibran naturally inherited; his father was a gambling addict who was imprisoned for embezzlement. But given his penchant for priceless wisdom, …
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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 …