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:
Business
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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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Beirut SE (one month) Current Year High: 1,396.65 Current Year Low: 705.56 The Beirut Stock Exchange (BSE) index witnessed its sharpest downturn since the global equity sell-off in the fall …
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Nabil Sawabini founded MENA Capital in September 2004 and today is the chairman and chief executive officer of the private equity and property company. Before founding MENA Capital, Sawabini was …
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This summer an Emirati investment firm secured exclusive rights to what may be the next wave in adventure tourism and could place it on the cutting edge of scientific research. …
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Iraqi development fund at $180 billion A report from the United Nations secretary general said the amount of capital deposited in the UN’s Development Fund for Iraq, as of the …