Banks

Lebanese banks with operations in Syria are caught between the proverbial rock and a hard place. The uprising that kicked off last spring has forced banks into survival mode as …

Syria and Lebanon naturally have shared business interests, but in an era of American and European sanctions against the Syrian regime and individuals associated with it, Lebanese businesses have been …

While it is still too early to assess the wider repercussions of the government- mandated wage increase this year, it is already irking Lebanese banks, coming at a time when …

The Lebanese government would be broke if it were not for the country’s banks. For decades the banks have lent to the sovereign to help make up the vast difference …

Though Lebanese real estate has always carried its weight as a prime investment tool and a win-win sector for both suppliers and end-users —even during the uncertainty of the civil …

  The United States Department of the Treasury’s designation in early February of Lebanese Canadian Bank (LCB) as a “financial institution of prime money laundering concern” hit the bank like …

In an economy such as the United Arab Emirates, where the government has significant stakes in several of the largest banks, it is hard to isolate successes and attribute them …

More than three years after the start of the financial crisis and two years after the default of Lehman Brothers, the world economy is still struggling to climb back from …

Lebanon’s banking sector has been called many things: the unofficial government, the country’s financial savior, a nepotistic mafia, and that ‘other economy,’ which continuously shines while the ‘real economy’ limps …

  Lebanon’s outstanding debt reached $51.5 billion at the end of the first quarter, while this year’s budget — if endorsed by Parliament — has slated $4.3 billion for debt …