Christiane Tager, 21/05 20:45 - Reading : 3 minute(s)
Let’s dive into the world of Bitcoin – a digital currency that is transforming global finance. Bitcoin (BTC) is much more than just a cryptocurrency: it is a decentralized currency, without a central bank or intermediaries, based on blockchain technology – a public and secure ledger. In other words, it’s money that never sleeps, doesn’t ...
Maurice Matta, 21/05 20:10 - Reading : 4 minute(s)
Lebanon Economy Banks Karim Souhaid Nawaf Salam
It seems that the relationship between Banque du Liban (BDL) Governor Karim Souhaid and Prime Minister Nawaf Salam is far from ideal. In fact, it can be described as tense – a situation that didn’t arise recently but dates back to Souhaid’s appointment as Governor of the Central Bank, which was secured through a majority vote in the ...
This is Beirut, 14/05 15:30 - Reading : 1 minute(s)
Banks Central Bank of Lebanon Lebanon Karim Souhaid Ibrahim Kanaan
Central Bank Governor Karim Souhaid took part in a session of the subcommittee of the parliamentary Finance and Budget Committee on Wednesday, where deliberations centered on the government’s proposed bank restructuring law. The meeting was held in the presence of Committee Chairman MP Ibrahim Kanaan, Minister of Finance Yassine Jaber and other ...
This is Beirut, 12/05 18:00 - Reading : 3 minute(s)
USA Donald Trump Banks Europe New York
Stock markets, the dollar, and oil prices rallied Monday after the United States and China declared a 90-day truce in their trade war. At the opening bell in New York, the Dow jumped by 2.7 percent, the S&P 500 by 2.9 percent, and the tech-heavy Nasdaq Composite by 4.2 percent. "Stocks are surging, safe havens are rapidly ...
Marc Saikali, 08/05 11:25 - Reading : 2 minute(s)
Central Bank of Lebanon Banks Joseph Aoun lebanon Karim Souhaid
"The Central Bank of Lebanon (BDL) has a major responsibility in restoring confidence in the banking system." Those were the words of the President of the Republic during his visit this Wednesday to the headquarters of the Central Bank. The days when another President Aoun launched heavy-handed attacks on the ...
This is Beirut, 08/05 10:00 - Reading : 3 minute(s)
Banks Europe Eurovision Culture
With a population of 180,000, Switzerland's third-biggest city after Zurich and Geneva straddles the River Rhine and sits right on the northern border with both France and Germany. Basel's location played a major role in its growth and continental importance through the ages. From May 11 to 17, it will be a center-stage in Europe again as it ...
This is Beirut, 05/05 14:34 - Reading : 2 minute(s)
Donald Trump Banks Europe New York Saudi Arabia
Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water in thin trade with major markets closed. The output increase of 411,000 barrels a day announced by Saudi Arabia, Russia and six other members of the oil cartel on Saturday added to concerns about over-supply. The ...
This is Beirut, 29/04 16:00 - Reading : 3 minute(s)
Donald Trump Banks US Treasury Stocks markets Economy
Stock markets advanced on Tuesday following news that Donald Trump plans to spare automakers from some of his wide-ranging tariffs, boosting hopes of a less combative approach to his trade war. Signs of easing trade tensions are also spurring sentiment, as governments line up to negotiate deals with Washington to avert the full force of sweeping ...
Christiane Tager, 28/04 22:05 - Reading : 3 minute(s)
Banks Banque du Liban Central Bank of Lebanon
After nearly six years of economic and financial turmoil, Lebanon has taken a long-anticipated step by issuing higher-denomination banknotes. Last Thursday, the Lebanese Parliament approved a draft law presented by MP Ziad Hawat, after nearly two years of legislative wrangling, granting the Banque du Liban (BDL) permission to issue notes of LBP ...
This is Beirut, 28/04 12:45 - Reading : 2 minute(s)
ABL Banks Central Bank of Lebanon Fadi Khalaf
Fadi Khalaf, Secretary General of the Association of Banks in Lebanon (ABL), is calling for a realistic restructuring plan that balances financial reform with the protection of depositors' rights amid an unprecedented systemic crisis. In the editorial of the ABL's monthly report, titled “A Realistic Vision for Restructuring: Between Reform and ...
This is Beirut, 27/04 17:15 - Reading : 2 minute(s)
Saudi Arabia and Qatar announced on Sunday that they would settle Syria's debt to the World Bank totalling roughly $15 million, according to a statement published by the Saudi Press Agency. Both Gulf states have played a key role in the diplomatic outreach to Syria's new rulers since the ouster of longtime strongman Bashar al-Assad in ...
This is Beirut, 25/04 11:10 - Reading : 2 minute(s)
Banks International Monetary Fund Municipal Elections
Sectarian divides once again paralyzed legislative work in Lebanon, as Parliament failed to reach any concrete decision on the issue of Christian-Muslim parity within Beirut’s municipal council. The matter has now been referred to a parliamentary committee for further examination. During a plenary session held on Thursday evening, Lebanese ...