The Governor of the Central Bank Riad Salameh said Friday that he would slap a lawsuit against Bloomberg News and its reporter in Beirut for claiming that the US authorities were contemplating sanctions against him for alleged financial misconduct.
After successful lobbying from trade associations, the caretaker government allowed the premature reopening this week of retail stores, but with Lebanon's collapsing currency customers are shying away while business owners sink further into losses accumulated by the country's multitude of crises.
The Lebanese pound tumbled to an unprecedented low against the US dollar on the black market Saturday, trading for around LL10,650 on the black market as manipulation for political gains was suspected.
FFA Private Bank: Best banking practices are the key for restoring trust in the Lebanese banking sector
The Lebanese pound rose slightly Thursday, just days after it plunged to its record low, sparking protests and road closures throughout the country.
The Association of Banks in Lebanon denied on Wednesday that the rise in the dollar rates against the Lebanese pound was mainly due to the fact that some...
The Finance Ministry asked the Central Bank this week to answer all the four questions posted by Alvarez & Marsal concerning forensic auditing, adding that...
The Lebanese pound held at the 10,000 resistance point against the dollar in the black market Wednesday, a day after the currency's plunge sparked protests.
Pope Francis' historic trip to war-scarred Iraq went off without a hitch -- an image boost Baghdad hopes will help revive international engagement, foreign...
Tunisia's state-owned firms are in dire straits, facing a perfect storm of debt, mismanagement, the coronavirus pandemic and a decade of political instability...
Oil prices pressed higher Monday after strikes on major oil facilities in Saudi Arabia, the world’s largest oil exporter, shook energy markets already rattled...
OPEC and its allies agreed to extend oil cuts by one month into April, offering small exemptions to Russia and Kazakhstan, after deciding that the demand...
The Central Bank is thoroughly studying and assessing the files of all Lebanese banks that were supposed to increase the capital by 20 percent and repatriate...
The pound hit a record low of LL9,900 against the dollar Tuesday as the country's ailing banks were buying the greenback to meet BDL liquidity requirements.
The exchange rate of the Lebanese pound against the dollar remained unchanged on the black market Monday, trading for around LL9,650
Most Lebanese banks might able to increase their capital by 20 percent on Feb. 28 and may partially be able to repatriate part of the 3 percent liquidity from...
The exchange rate of the Lebanese pound against the US dollar remained unchanged Saturday, trading for around 9,675 after plummeting in value this week.
The Central Bank said Thursday that the February 28 deadline for all banks to increase their capitals and repatriate 3 percent of the liquidity from...
The Lebanese pound fell against the dollar on the black market Thursday, as the country still waits for a new Cabinet during ongoing political and economic...
Facebook launched Wednesday a $600,000 lifeline initiative to support the small and medium size businesses in Lebanon to help these firms cope with the...
The rate of the Lebanese pound against the dollar remained unchanged on the black market Wednesday, while the country still awaits a new Cabinet.
The Lebanese pound rose marginally against the dollar Tuesday, trading at LL9,375 on the black market.
The pound retreated against the dollar Monday, trading at LL9,500 on the black market, after statements by MP Gebran Bassil exacerbated political tensions
The Lebanese pound rose slightly against the dollar on the black market Saturday, after it registered a steep decline earlier this week.
The Lebanese pound rose slightly against the dollar on the black market Friday, a day after a big drop in its value while the country faces a political deadlock
The Lebanese pound fell sharply on the black market Thursday, trading near its record low against the dollar as a political stalemate over the formation of a...
The majority of Lebanese banks are expected to raise their capitals by 20 percent before the Central Bank’s Feb. 28 deadline
The Lebanese pound slightly fell on the black market Wednesday with no end in sight for the country's political deadlock that is preventing the formation of a...
Some banks expected to miss capital deadline
MEAB bank announces that it has fulfilled all the obligations stipulated in the recent circulars of the Central Bank of Lebanon.
The exchange rate of the Lebanese pound against the US dollar remained unchanged Tuesday, as a crisis-stricken Lebanon awaits a new government.
Caretaker Finance Minister Ghazi Wazni received Monday written confirmation from the Central Bank that it would provide auditing firm Alvarez & Marsal with...
The Lebanese pound fell slightly against the US dollar Monday, trading at LL8,900 after political tensions escalated between the country’s leaders.