S ociete Generate Libano-Europeenne de Banque (SGLEB) has reportedly acquired the financially troubled lnaash Bank in a deal worth $50 million. The Central Bank had recently taken control of lnaash …
Category:
Money Matters
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Y ou don’t have to pick up a copy of the National Enquirer to know that insurance firms are going to bed with banks these days. The megamerger of Citicorp …
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T he rating agency just won’t quit. Two months ago Standard & Poor’s (S&P) threatened that if the government didn’t do something about fiscal problems running wild, Lebanon would be …
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On May 16 the Federal Reserve continued itssearch and destroy mission to stamp out potentialinflation threats and bring the US economicgrowth rate down to safe levels. But the Fed did …
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• Some signs of moderation are evident in recent economic data, andinflation remains virtually absent. That’s unlikely to stay the FederalReserve’s hand, however. Policymakers are concerned about theunderlying strength of …
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Sales of life premiums grew by just 6%last year, from $74,778,669 to$79,272,469, according to the LebaneseInsurance Companies Association (ACAL).“The slowdown in growth is more related tolife insurance policies sold as …
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Condolences to Solidere shareholders. Profits of the realestate company, responsible for rebuilding the BeirutCentral District (BCD) and the largest business inLebanon, plummeted from $54.2 million in 1998 to $3.7 millionlast …
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The first time EXECUTIVE met Jean Riachi, chairman and generalmanager of Financial Funds Advisors (FFA), was in thesummer of 1998 at the head office of Bou Khalil Marketsin Baabda. The …
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Springtime has been a turbulent season for the USstock markets. Tech-heavy Nasdaq, which has beenclimbing at a torrid rate and reached its high in earlyMarch, fell dramatically by mid-April. The …