Lebanon’s insurance companies may witness a 20 percent drop in insurance premiums and volume if these firms started charging their customers in fresh U.S. dollars or according to the black market rates, the former president of the Insurance Association Elie Torbey said Monday.
The Lebanese pound exchange rate was unchanged on the black market Monday, with the local currency taking a breather after a dramatic fall to record lows this month.
The Lebanese pound exchange rate was unchanged on the black market Saturday, with the local currency taking a breather after a dramatic fall to record lows this month.
The Lebanese pound fell slightly Friday, trading at LL15,250 against the dollar on the black market.
The Central Bank Thursday said that some licensed exchange dealers are not registering all the daily transactions on “Sayrafa” platform, which may have caused...
Faced with the choice of leaving their savings stuck in the bank or investing them at a huge loss, some Lebanese people are opting to take a punt.
Lebanon is grappling with a deep economic crisis after successive governments piled up debt following the 1975-1990 civil war with little to show for their...
Lebanon's banks, which once powered the economy by sucking in billions of dollars of deposits from abroad, are shedding staff, watching loan books shrink and...
The "year of wheat" campaign pushed by Syrian President Bashar al-Assad is in jeopardy after low rainfall risked leaving an import gap of at least 1.5 million...
Gaza's Pepsi bottling company was forced to halt operations this week due to Israeli import restrictions that were tightened during an 11-day conflict between...
Britain and United States on Thursday said they had agreed a deal to resolve a trade dispute over Airbus and Boeing for the next five years, ensuring...
Britain and Australia announced a trade deal on Tuesday that will eliminate tariffs and red tape, hailed by British Prime Minister Boris Johnson as "a new...
The Lebanese pound resumed its downward trajectory Thursday, trading at LL15,200 against the dollar on the black market.
His employees struggle to find petrol for their cars to drive to work and he has to offer a unique product to get customers to trade with a company based in...
The Lebanese pound rose on the black market Wednesday, trading at LL14,900 against the dollar, after a run of three record lows in three days.
The Lebanese pound fell to a new record low for a third straight day Tuesday, trading at LL15,550 against the dollar on the black market.
Most Lebanese banks seemed willing to meet the Central Bank’s instructions to allow depositors to start withdrawing $400 banknotes and its equivalent in...
The Lebanese pound hit a new record low on the black market for a second straight day Monday, trading at LL15,400 against the dollar, as efforts to form a new...
The Lebanese pound hit a new record low on the black market Sunday, trading at LL15,200 against the dollar, as the country's multi-facetted crises deepens.
The Lebanese pound dropped on the black market for the fifth consecutive day Saturday, trading at LL14,900 against the dollar, as gasoline and medicine...
The Lebanese pound fell on the black market for a fourth day in a row Friday, trading at LL14,850 against the dollar, just above its record low.
The Lebanese pound retreated further on the black market Thursday, trading at LL14,750 against the dollar and edging closer towards a new record low.
The Lebanese pound fell again Wednesday, trading at LL14,450 against the dollar.
The Central Bank on Tuesday ordered all Lebanese commercial banks to allow their customers with foreign currency accounts before October 30, 2019, to withdraw...
The Lebanese pound plunged Tuesday, trading at LL13,950 against the dollar, as banks and customers awaited a BDL circular to allow depositors to withdraw up...
President Michel Aoun and caretaker Prime Minister Hassan Diab Monday approved granting an advance payment in foreign currency in the amount of $200 million...
A senior World Bank official suggested Monday that the WB may be willing to increase financial soft loans to the needy families by an additional $300 million...
Caretaker Finance Minister Ghazi Wazni on Monday approved an advance payment in foreign currency to buy fuel for Electricite du Liban, a statement by the...
The Lebanese pound was little changed Monday, trading at LL13,450 against the dollar, as banks and customers awaited a Central Bank circular detailing its...
The Lebanese pound fell for a fifth day in a row Saturday, trading at LL13,500 against the dollar on the black market.
The Central Bank Friday instructed the Lebanese commercial bank to allow customers with foreign currency accounts before Oct. 2019 to withdraw $400 a month...
The Central Bank Gov. Riad Salameh said Friday that BDL will sell the banks participating in Sayrafa platform the US dollar at a rate of LL12,000 provided...
The Lebanese pound dropped for a third day in a row Friday, trading at LL13,450 against the dollar on the black market.