Banks

Sudan Army Says Retakes Central Bank After Palace Recapture

Sudan's military said Saturday it seized several key buildings in central Khartoum, including the central bank, from the paramilitary Rapid Support Forces, following its recapture of the presidential palace. "Our forces achieved further success last night, eliminating hundreds of militia members who tried to escape through pockets in central ...

Salam Says There Will Be No Bank Deposit Haircuts

Prime Minister Nawaf Salam stated on Friday that “there will be no suppression of bank deposits,” and that he would “cross out the term ‘suppression of deposits,’” in a meeting at the Serail with a delegation from the Council of Lebanese Executives in Saudi Arabia. He added that his government’s objective is be to “return” the ...

Stock Markets Retreat on Revised US Economic Outlook

Major European and Asian stock markets retreated Thursday following a weaker-than-forecast US economic outlook and despite the Federal Reserve trying to calm fears over President Donald Trump's tariffs. Fed boss Jerome Powell on Wednesday suggested that any increase to consumer prices caused by tariffs would likely be short-lived, even as the ...

The Public Appointment Mechanism: An Overview

This is Beirut has reviewed a copy of the document outlining the mechanism set by the Council of Ministers for public appointments. According to Minister of Information Paul Morcos, this document is a preliminary draft that is expected to be finalized and approved by the Cabinet on Thursday. Here are the main points. The process is primarily ...

Kulluna Irada: Millions Spent on Elections and Ongoing Budget Falsification

On the surface, there is an intention to build a nation based on institutions, transparency and proper governance. However, in reality, Kulluna Irada has become nothing more than a breeding ground for theft, corruption, deception and falsification, all with destructive objectives for the country. The association, which was originally tasked with ...

IMF Mission Concludes Meetings in Beirut

Finance Minister Yassine Jaber made reassuring remarks regarding negotiations with the International Monetary Fund (IMF) following an extensive meeting held at the Ministry of Finance with the IMF mission. During the meeting, Jaber affirmed that the elimination or partial deduction of bank deposits is a sovereign and national decision, ...

Kulluna Irada: A Law-Breaking Association – Should Its License Be Revoked?

Kulluna Irada is an organization that claims to uphold the law, pursue corrupt individuals, and fight corruption in the name of good governance and reform. However, in practice, the activities of Kulluna Irada violate both the law and the objectives for which the organization was granted official recognition by the Ministry of Interior and ...

Stocks advance on US inflation slowing, Ukraine ceasefire plan

Stock markets mostly rose on Wednesday on both sides of the Atlantic as investors shrugged off the latest US tariff moves to focus on cooling US inflation and a Ukraine ceasefire plan. Global markets have endured severe swings this month as US President Donald Trump looks to ramp up pressure on global partners by imposing or threatening ...

BDH: $100,000 to Support Aspiring Lebanese Homeowners

The Housing Bank (BDH) is set to dramatically increase its loans, raising the amount from $50,000 to $100,000 with support from the Qatari Development Fund. BDH President Antoine Habib confirmed to This is Beirut that “the bank will soon offer $100,000 housing loans to low and middle-income individuals, as well as those with special needs, with ...

Israel says Three Palestinian Militants Killed in West Bank

The Israeli military said its forces shot dead three Palestinian militants during an operation in the occupied West Bank on Tuesday, while Palestinian sources reported a woman killed. During a raid in the areas of Qabatiya and Jenin, Israeli forces "encountered several armed terrorists who had barricaded themselves inside a structure in Jenin," ...