On December 16, United States authorities fined Credit Suisse $536 million in penalties for violating US economic sanctions regarding financial activity in Iran and several other sanctioned countries. Investigators told …
Category:
Business
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In 2009 the real estate industry in Lebanon witnessed another year of promising growth and continued to represent an integral part of the economy. Despite a slight drop in …
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The reason behind this year’s success in banking and the mood of Lebanese bankers can be summed up in one word: confidence. “If depositors lose confidence in their bank, they …
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The financial crisis left former hedge fund investors with a bad taste in their mouths. A lack of transparency and light-touch regulation meant that many funds nearly went bankrupt when …
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Regional stock market indices Regional currency rates GCC hydrocarbon projects at $690 billion Despite the suspension or cancellation of 30 percent of the Gulf’s hydrocarbon projects, the Gulf Cooperation Council’s …
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In mid-September, Arab media reported that the Gulf Cooperation Council countries were in talks with the World Bank about raising their capital contributions. This was confirmed by Senior Vice President …
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With deposits flowing in unabated, banks in Lebanon find themselves in an almost singular global position — they have an overabundance of liquidity. “We definitely have an excess,” said Marwan …
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Ghassan Moukheiber is a member of the Lebanese Parliament and president of the Lebanese chapter of the Global Organization of Parliamentarians Against Corruption. Moukheiber headed the legal drafting committee for …
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In a recently released report, FFA Private Bank initiated coverage on Bank Audi with a hold recommendation and a fair value estimate of $73.9 per share, implying a price-to-book ratio …
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According to the Foreign Direct Investment Report prepared by the Economic and Social Commission for Western Asia (ESCWA), Lebanon is categorized as a “smaller high performing economy” in terms of …