Banks

Government Formation Delay: What Lies Ahead for Bank Withdrawal Limit Increases?

Maurice Matta, 06/02 10:55 - Reading : 3 minute(s)

Banks Banque du Liban Central Bank of Lebanon

As the political situation remains uncertain, especially regarding the formation of the government, the Central Bank of Lebanon decided at the end of January to suspend its previous policy that required banks to make multiple monthly payments to beneficiaries of Circulars 158 and 166. This decision restores withdrawal limits to pre-crisis ...

The Challenge of Housing Loans in Lebanon

Liliane Mokbel, 04/02 17:35 - Reading : 3 minute(s)

Banks

To encourage young graduates to stay in Lebanon, it is imperative to first offer them job opportunities and then viable solutions for homeownership. However, today, the landscape of real estate credit remains unclear, with no serious plan for the recovery of public and private institutions yet in place. In principle, three entities are capable of ...

Israeli Army Says 'a Number of Terrorists' Killed in West Bank Operation

This is Beirut, 02/02 11:00 - Reading : 2 minute(s)

Banks Palestine West Bank

The Israeli army said Sunday that it had killed "a number of terrorists" in three air strikes the previous day in the occupied West Bank, where a new operation was underway around the village of Tamun. Eyewitnesses reported a "large" deployment of Israeli forces around Tubas and Tamun, the scene of recent violence. An AFP journalist said the ...

Al-Qard al-Hassan Delays Compensation Payments: Is Hezbollah in Trouble?

This is Beirut, 31/01 16:35 - Reading : 3 minute(s)

Hezbollah Banks Israel Al-Qard al-Hassan

The recent decision by Al-Qard al-Hassan, Hezbollah’s illegal financial institution, to postpone until February 10 the payment of compensation to victims of the conflict with Israel has sent shockwaves through the Shiite community. The payments were originally scheduled for February 1. To justify this delay, the militia-run ‘bank’ cited ...

The Fate of Circular 165

Maurice Matta, 30/01 09:15 - Reading : 4 minute(s)

Economy Lebanon Banks BDL

In a surprising move just days before her retirement, Judge Helena Iskandar, Head of the Litigation Department at the Ministry of Justice, filed two motions before the State Council, requesting the Lebanese State’s intervention in the lawsuits aimed at annulling Circulars No.151 and No.165, submitted by lawyers. The conclusion was that the ...

Third Exchange Of Hostages For Prisoners As Part Of The Truce In Gaza

This is Beirut, 30/01 05:25 - Reading : 4 minute(s)

Palestine Donald Trump Benjamin Netanyahu Banks Hamas

Israel and Hamas are due to carry out their third exchange of hostages for prisoners on Thursday, with the release of eight hostages, three Israelis and five Thais, held in the Gaza Strip, as part of the fragile ceasefire intended to put an end to 15 months of war. A fourth exchange is scheduled for Saturday, with the release of three hostages, ...

US Stocks, Nvidia Shares Steady After Chinese AI Shock

This is Beirut, 28/01 19:45 - Reading : 4 minute(s)

USA Donald Trump Banks New York

US stocks and shares in chip-making giant Nvidia on Tuesday clawed back some of their losses following a sell-off triggered by the sudden success of Chinese artificial intelligence firm DeepSeek. US tech shares tanked Monday, with Nvidia tumbling 17 percent, after China's DeepSeek unveiled its R1 chatbot, which can apparently match the capacity ...

All Eyes on the Ministry of Finance

Natasha Metni Torbey, 27/01 22:00 - Reading : 4 minute(s)

Amal Banks Central Bank of Lebanon Hezbollah International Monetary Fund

The exception is not the rule. This saying does not apply to Lebanon, where for over a decade, well after the signing of the Taif Agreement in 1989, the Amal-Hezbollah duo has persistently claimed—“de facto and de jure,” as they often assert—the Ministry of Finance, one of the most coveted portfolios in the country. The reasons behind ...

Aoun: The Deposit Issue Calls for Coordinated Efforts

This is Beirut, 27/01 13:40 - Reading : less than a minute

ABL Banks Joseph Aoun

The President of the Republic, Joseph Aoun, emphasized that resolving the issue of deposits requires “coordinated efforts.” He made these comments during a discussion with a delegation from the Association of Banks in Lebanon (ABL), led by its president, Salim Sfeir. President Aoun stated that “resolving the banking crisis requires ...

Gaza: The Truce Enters Its Second Week After The Release Of Israeli Hostages And Palestinian Detainees

This is Beirut, 26/01 05:35 - Reading : 4 minute(s)

Palestine Benjamin Netanyahu Banks Fatah Hamas

A fragile truce aimed at ending the war in the Gaza Strip entered its second week on Sunday, the day after the release of four Israeli hostages and some 200 Palestinian prisoners, greeted by scenes of joy on both sides. In a sign of the difficulties in implementing the ceasefire agreement between Israel and Hamas, a last-minute dispute on ...

New Exchange Expected On Saturday Between Israeli Hostages In Gaza And Palestinian Detainees

This is Beirut, 25/01 06:05 - Reading : 4 minute(s)

Palestine Benjamin Netanyahu Banks Hamas Israel

On Saturday, Hamas is due to free four Israeli soldiers, held hostage in Gaza since 7 October 2023, in exchange for several dozen Palestinians detained in Israel, in the second exchange of this type under the truce agreement in the Gaza Strip. Nearly a week after the ceasefire came into force, which was generally respected, the Palestinian ...

Eurozone business activity rebounds in January

This is Beirut, 24/01 15:25 - Reading : 2 minute(s)

Banks

Business activity in the eurozone bounced back in January after a two-month contraction, as the pace of decline eased in the manufacturing sector, a closely watched survey showed Friday. The HCOB Flash Eurozone purchasing managers' index (PMI) published by S&P Global registered a figure of 50.2 for the single-currency area, after 49.6 in ...

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