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 …
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Regional stock market indices Regional currency rates South Koreans awarded housing development contracts in Libya Two South Korean contractors, Sungwon Corporation and Amco, won a $1 billion contract to construct …
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UAE restricts structured products On August 2nd, the United Arab Emirates’ central bank issued a circular instructing Emirati banks to withdraw from selling structured products. “Should a bank wish to …
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Salim G. Sfeir has been chairman and general manager of Bank of Beirut since 1993. He spoke with Executive about Bank of Beirut’s plan to open 14 new branches — …