BEIRUT: Central Bank Gov. Riad Salameh is expected to introduce a new mechanism to slash the interest rates on dollar and Lebanese pound deposits and loans in...
BEIRUT: Lebanon repaid $1.5 billion in Eurobonds Thursday, but the question remains: Will any new government be able to refinance the remaining outstanding...
BEIRUT: Lebanon will settle Thursday a maturing $1.5 billion Eurobond, sending a signal to the market that the country has not defaulted despite the political...
BEIRUT: The failure of the political class to implement reforms and the one month long anti-government protests have pushed the country’s economy to the...
BEIRUT: The head of BEMO Bank wants to break an entrenched taboo as a means of exiting the financial crisis: Using part of Lebanon’s gold reserves as...
BEIRUT: Central Bank Governor Riad Salameh Monday dismissed any intentions of implementing a haircut on deposits or enforcing capital controls on Lebanese...
BEIRUT: The Central Bank can cover maturing Eurobonds this year and finance the import of basic items for several months, a source said Friday. “BDL can...
BEIRUT: Lebanon and the Central Bank in particular have the means to contain any unforeseeable financial crisis in the short and medium term despite...
BEIRUT: Not more than $300 million in deposits - far less than expected - exited Lebanon in the first day of banking operations after 12 working days of...
BEIRUT: Lebanese banks will not impose any restrictions or controls on capital movements when they resume normal operations Friday after being shut for 11...
BEIRUT: The chances of debt rescheduling could become a reality in mid-2020 if Lebanon does not benefit from CEDRE money, oil and gas exploration and the...
BEIRUT: The beleaguered Lebanese government presented a spur-of-the-moment but bold economic and financial plan to appease hundreds of thousands of protesters...
BEIRUT: Lebanon is expected to wrap up the issuance of the Eurobond by mid-November 2019 at the most and the issue could reach up to $3 billion, depending on...
BEIRUT: Should Lebanon bring back part of its gold reserves from the United States? Is there a possibility that a portion might be seized by the U.S....
The Daily Star interviewed the president of the Association of Banks in Lebanon Salim Sfeir on his visit to Abu Dhabi where he will be part of a Lebanese...
BEIRUT: The Lebanese government has no choice but to expeditiously implement radical and unpopular reforms to avoid total financial and economic collapse in...
BEIRUT: Lebanese banks are expected to subscribe to $2 billion in Eurobonds issued by the Finance Ministry at below-market interest rates, a ministry source...
BEIRUT: A senior American official said Monday that the U.S. Treasury had no plans for the time being to add any new Lebanese banks to its sanctions list,...
BEIRUT: Finance Minister Ali Hasan Khalil said Wednesday that Lebanon intended to issue $2 billion in Eurobonds, but with interest rates lower than the...
BEIRUT: Demand for cash dollars is "nothing unusual" and banks are satisfying client requests to exchange Lebanese pounds for the U.S. currency,...
BEIRUT: The Lebanese government is expected to pay the highest yield in its history on the forthcoming Eurobonds issue, bankers and analysts said Monday....
BEIRUT: Standards & Poor’s Global Ratings warned Wednesday that Lebanon’s Central Bank had enough foreign currency reserves to last for one...
BEIRUT: Jammal Trust Bank, which has been accused by the U.S. Treasury of financial transactions with Hezbollah, will eventually be forced to sell its clean...
BEIRUT: The Central Bank is expected to receive around $1 billion in the form of either a deposits or subscription to Lebanese sovereign Eurobonds soon,...
BEIRUT: The downgrade of Lebanon’s sovereign dollar-denominated bonds could negatively affect the prices of these bonds in the international markets but...