In the middle of January, Solidere BLC Banque Libanaise pour leCommerce enjoyed a rather rockymonth that saw it subdued by negativesentiments following its declarationof 1998 profits of a …
Category:
Money Matters
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It wasn’t all that bad for Lebanon’s listedbanks last year. Caught in the middleof the country’s worst recession since thewar, falling interest rates that put a squeezeon spreads and competition …
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Shape up or ship out. Those were thewords of warning given to insurancecompanies when the new insurancelaw was finally passed last May, thoughthe original draft legislation was prepared in1993. It …
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“There’s a good chance that Lebanese stocks will jump 40% to 60% if there is a peace agreement this year,” proclaims Philip Khoury, vice president at Merrill Lynch in London. …
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Relative breadth was again very narrow Perhaps the most influential variable in determining the success or failure of a portfolio manager is the relative breadth of the market. This measure …
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SOLIDERE Solidere’s GDR found itself the beneficiary of positive investor expectations upon news of the planned resumption of peace talks between the Syrians and the Israelis. Even though the real …
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Lebanon’s heavies in the banking industry are starting to release their 1999 profits, giving hodgepodge results. Bank of Beirut and Banque du Liban et d’Outre-Mer (BLOM) came out with fine …
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Middle East Assurance and Reinsurance Co (MEARCO) wants to be a big player in the Lebanese insurance industry. You won’t find it in the top ten Lebanese insurance companies though, …
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Salim Sfeir, sitting in his modest conference room at the Bank of Beirut’s headquarters, gives the impression of a mild-mannered chairman and general manager, content with where the bank stands. …
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We recently went on a banking spree at a top foreign bank where we both have accounts. One of us queued behind six people waiting for a teller, which took …