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Saudi ‘Davos in the Desert’ Opens With Region on War Footing

This is Beirut, 2024-10-29 12:10 - Reading : 4 minute(s)

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Global business leaders gathered in Saudi Arabia on Tuesday for a glitzy investor forum as conflict shakes the region and scepticism mounts over the Gulf kingdom's most ambitious development projects. The Future Investment Initiative (FII) debuted in 2017 as a showcase for de facto ruler Crown Prince Mohammed bin Salman's dream of diversifying ...

International Outcry as Israel Bans UNRWA

This is Beirut, 2024-10-29 09:25 - Reading : 3 minute(s)

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Israel's parliament on Monday approved a bill banning the main UN aid agency for the war-devastated Gaza Strip, sparking international outcry. Despite objections from the United States and warnings from the UN Security Council, Israeli lawmakers overwhelmingly passed the bill banning the United Nations agency for Palestinian refugees, UNRWA, ...

Lebanon's Grey List Status: No Reason to Panic!

Liliane Mokbel, 2024-10-25 19:10 - Reading : 3 minute(s)

Banks Central Bank of Lebanon United States lebanon

Lebanon has been officially placed on the Financial Action Task Force (FATF) grey list, as announced on Friday. This expected decision came as no surprise. “Of course, we are aware of the extremely dramatic situation in Lebanon, currently,” said Mexican Gafi President Elisa de Anda Madrazo, following the FATF meeting in Paris. “I would like ...

Khalaf: Central Bank's Policies Reflect Change

This is Beirut, 2024-10-21 21:40 - Reading : 3 minute(s)

ABL Banks Central Bank of Lebanon

The Secretary-General of the Association of Banks in Lebanon, Fadi Khalaf, stated that “the new policies adopted by Lebanon’s Central Bank (BDL) indicate a clear change in its approach to managing the financial crisis.” He welcomed “these measures, which reflect the Central Bank’s commitment to achieving as much monetary and financial ...

Moldova's EU Membership Vote is Too Close to Call

This is Beirut, 2024-10-21 09:50 - Reading : 4 minute(s)

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A referendum on Moldova joining the EU was too close to call early Monday with almost all votes counted, as pro-EU President Maia Sandu blamed "criminal groups working together with foreign forces" -- a veiled reference to Russia -- for the outcome. The close vote is a setback for Sandu, who managed to top the first round of ...

Moldova Votes on EU Future Amid Fears of Russian Meddling

This is Beirut, 2024-10-20 17:25 - Reading : 4 minute(s)

Banks Europe European Union Ukraine Moldova

Moldovans voted on Sunday in a presidential election and a referendum on joining the European Union, with fears of Russian meddling amid the war in neighbouring Ukraine. The elections are a test of the former Soviet republic's pro-European turn under incumbent President Maia Sandu, who is seeking a second term. Police made hundreds of arrests ...

Maroun Khater: 'Defusing the Cheques Time Bomb'

Liliane Mokbel, 2024-10-11 11:05 - Reading : 3 minute(s)

ABL Banks Banque du Liban Central Bank of Lebanon

In its meeting on October 9, 2024, the Central Council of Banque du Liban (BDL) amended main circular No. 166, extending its benefits to depositors who converted their funds from Lebanese pounds to foreign currencies after October 30, 2019. The council also updated main circular No. 147, requiring banks to return outstanding or circulating bank ...

Al-Qard Al-Hassan: Is Hezbollah's "Bank" in Jeopardy? (1/2)

Maurice Matta, 2024-10-09 08:30 - Reading : 6 minute(s)

Banks Central Bank of Lebanon

Intense daily Israeli airstrikes continue on the southern suburb of Beirut, southern villages, and the Beqaa Valley, while the Israeli side affirms that its war will persist until it eliminates Hezbollah's military and organizational targets. The aim is to inflict as much strategic damage as possible on Hezbollah, including its financial ...

ABL Meets with Mansouri

This is Beirut, 2024-10-08 19:35 - Reading : less than a minute

ABL Banks Banque du Liban Central Bank of Lebanon

The Board of Directors of the Association des Banques du Liban (ABL) met with the First Deputy Governor of the Banque du Liban (BDL), Wassim Mansouri, in the presence of his deputies, to discuss the situation of the banking sector in light of the difficult circumstances facing the country. Participants stressed the need to continue providing ...

Majed Said to TIB: Jericho Encircled, West Bank Besieged

This Is Beirut, 2024-03-28 17:23 - Reading : less than a minute

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While tensions are rising in the West Bank, the Israeli army has proceeded to encircle the city of Jericho in its entirety and launched operations in several other villages and neighboring refugee camps, according to Majed Said, the France 24 correspondent in Ramallah, West Bank.

Bank Dollar Rates: LBP 15,000, 25,000 or 30,000?

Liliane Mokbel, 2024-03-08 21:56 - Reading : 4 minute(s)

Banks Central Bank of Lebanon

For those wondering when the bank dollar exchange rate is going to increase, it is becoming increasingly clear that it won't happen anytime soon. It's a complete mystery. The causes are many. The government, the Central Bank of Lebanon (BDL) and the Ministry of Finance continue to pass the blame, leaving depositors frustrated. None of them is ...

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