This article is part of an Executive special report on wealth management and private banking. Read more stories as they’re published here, or pick up September’s issue at newsstands in …
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Banque du Liban
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This is the first installment of an Executive special report on wealth management and private banking. The rest of the report will be published here over the coming week. It should …
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For years, big Lebanese banks have operated under a cushy deal: finance government debt, and be rewarded with a handsome profit. While this arrangement has been arguably necessary, it has …
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The urban Middle East is perhaps better known for its dusty cities than for its flora. But Lebanese design and technology company Green Studios is carving out a garden empire …
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It was a long time coming. When Al-Mawarid Bank and local startup Presella jointly announced the bank’s equity participation in the company yesterday, it had been almost a year since Banque …
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Marwan Kheireddine is the chair and general manager of Al-Mawarid Bank, one of the shareholders in the Virgin Megastore franchises in Lebanon and Saudi Arabia, and a former minister in the previous …
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It could have been a very boring report. In the big picture of Lebanese banking, the classic performance parameters are rather well behaved this year. Assets of commercial banks stood …
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The countdown is on, with just a month to go before the United States’ Foreign Account Tax Compliance Act (FATCA) goes live on July 1. Aimed at curbing tax evasion …
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They are not actually new-new. They give banks smaller margins than they did in their previous incarnation. They are tightly controlled with very little to no wiggle room on interest …
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Lebanon's economy and particularly its real estate sector are in need of a boost, and so the Banque du Liban (BDL) – the country's central bank – have proposed a stimulus package. …