This is Beirut, 21/03 17:35 - Reading : 2 minute(s)
Banks International Monetary Fund Hezbollah Saudi Arabia
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 ...
This is Beirut, 15/03 09:40 - Reading : 2 minute(s)
Banks European Union International Monetary Fund
Ratings agency Moody's on Friday upgraded Greece's credit rating, pulling the country out of junk territory after its years of struggling to recover from a debt crisis. Along with the ratings elevation from Ba1 to Baa3, Moody's changed its outlook for Greece from positive to stable. The other two major ratings agencies, S&P and ...
Maurice Matta, 13/03 22:40 - Reading : 3 minute(s)
International Monetary Fund Banks Joseph Aoun Banque du Liban Washington
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, ...
Liliane Mokbel, 03/03 14:00 - Reading : 3 minute(s)
Central Bank of Lebanon International Monetary Fund Hezbollah FATF Terrorism Money laundering
The arrest this weekend of a passenger carrying $2.5 million in cash at Beirut’s International Airport marks an important step in the fight against the illegal transport of currency. This action underscores the Lebanese authorities' commitment to tightening controls and curbing such practices. Under the supervision of General Fadi Kfoury, the ...
This is Beirut, 06/02 20:40 - Reading : 1 minute(s)
International Monetary Fund Houthi Palestine Washington
The International Monetary Fund (IMF) plans to submit a new loan agreement with Egypt for approval by its board, the global lender’s communications chief said Thursday, as the country seeks to strengthen its economy. “A policy package of reforms will be considered by the Fund’s executive board, along with the fourth review of Egypt’s ...
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 ...
This is Beirut, 24/01 16:00 - Reading : 2 minute(s)
International Monetary Fund Europe USA Donald Trump Davos
With the European economy lagging behind the United States, the head of the International Monetary Fund had a piece advice for the continent on Friday: "Believe in yourself." There was much handwringing about Europe losing its competitive edge at the World Economic Forum in Davos this week, with the European Union racing to act to catch up with ...
This is Beirut, 24/01 15:20 - Reading : 3 minute(s)
Formula One International Monetary Fund Saudi Arabia Davos Diplomacy
Two buildings branded "Saudi House" and "Saudi At Davos" stand out on the chic main street of the Swiss Alpine village hosting the World Economic Forum, showcasing the kingdom's growing presence at major international events. Saudi officials and business leaders make the annual pilgrimage to the meeting of the world's global elites every year, ...
Natasha Metni Torbey, 2024-11-29 17:25 - Reading : 4 minute(s)
Banks Hezbollah International Monetary Fund Israel South Lebanon
The end of hostilities between Hezbollah and Israel raises a critical question for the Lebanese: who will bear the financial responsibility for rebuilding the villages and cities devastated by the conflict? In a country already mired in an unprecedented economic and political crisis, options are both limited and complex. Several actors could ...
This is Beirut, 2024-11-20 12:55 - Reading : 2 minute(s)
International Monetary Fund Lebanon GDP
The International Monetary Fund (IMF) has raised its 2023 GDP forecast for Lebanon, now estimating it at $24 billion, up from $16.2 billion in its June 2023 report. This upward revision reflects the adoption of a new methodology for calculating national accounts, leading to a 50% increase in the estimated GDP value. The update is part of the ...
Liliane Mokbel, 2024-11-15 18:30 - Reading : 4 minute(s)
Central Bank of Lebanon Hezbollah International Monetary Fund Israel Budget 2025
With spending on the rise and revenues falling short of expectations, the 2025 budget proposal is now effectively obsolete. The government must act swiftly to withdraw it from Parliament, where it was submitted on time, to prevent a deepening crisis. Why is a crisis inevitable? The current draft budget relies on unrealistic revenue projections, ...
Liliane Mokbel, 2024-11-14 11:25 - Reading : 5 minute(s)
Banks Central Bank of Lebanon Donald Trump International Monetary Fund USA
While the dollar’s value is primarily shaped by US domestic factors, its fluctuations continue to ripple through the global economy. A 2023 International Monetary Fund (IMF) study found that the negative impact of a strong dollar tends to last around two and a half years in emerging markets, compared to just one year in developed economies. The ...