Bank deposits in Lebanon have risen by 4 percent on the year, Central Bank Gov. Riad Salameh said Thursday, and he expects economic growth in 2018 to be 2 percent.
Central Bank Governor Riad Salameh Tuesday reiterated BDL’s determination to continue upgrading the supervision of all banks and financial institutions to avoid a financial crisis in the future.
Washington has succeeded in drastically slashing the financial resources of Hezbollah and will continue until the party’s finances run dry, Marshall Billingslea, assistant secretary for terrorist financing in the United States Department of the Treasury, said Tuesday.
The Daily Star talked to Salim Sfeir, the chairman of Bank of Beirut group, on the performance of the bank and his views on Lebanon’s economy and the banking sector.
The index that tracks demand for properties in Lebanon improved in the third quarter of 2018 after the Parliament approved the allocation of LL100 billion...
The number of passengers in Arab airlines in 2017 surged by 7.7 percent to reach 297 million, Secretary-General of the Arab Air Carriers’ Organization...
Lebanese exporters rejoiced last month when the Syrian government opened a key land crossing with Jordan that had been closed by years of war, restoring a...
Bank of Beirut has acquired a small bank in Luxembourg as part of an overall strategy to establish a foothold in Europe, according to news media.
Iraq’s central government has agreed with Kurdish authorities to resume oil exports from Kirkuk, the Oil Ministry said Friday, a year after federal forces...
When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told...
Volkswagen AG is significantly raising investment plans for the next five years in the race to keep up with the shift to electric, connected and self-driving...
Europe’s five-year economic expansion is facing a midlife crisis as it copes with a potential debt explosion in Italy, a U.S.-China trade war and the risk of...
Arab countries need more than $230 billion annually to finance sustainable development, and this amount may eventually increase for the reconstruction of...
Bank Audi and the European Bank for Reconstruction and Development Thursday joined forces to provide $200 million to finance green projects in Lebanon.
Gov. Riad Salameh Wednesday reiterated the Central Bank’s strong commitment to complying with the highest international standards in the fight against...
The foreign currency liquidity held by Lebanese commercial banks is sufficient to cope with any unforeseen dollar deposits outflow, Bank Audi said in its...
Central Bank Gov. Riad Salameh said Wednesday that the Lebanese pound has maintained its stability, but urged financial institutions to keep on eye on...
The priority of the new Lebanese Cabinet is to lower the fiscal deficit by 1 percent relative to GDP at least and this goal can be attained if the political...
Lebanon will hardly feel the impact of the tough U.S. sanctions against Iran and Hezbollah thanks to strict compliance measures adopted by the commercial...
Lebanon’s low GDP growth continued to weigh heavily on the performance of the private sector in October despite a slight, insignificant improvement compared...
Lebanese exporters hoping to send their goods to the lucrative Gulf market through the reopened Syrian-Jordanian border are grappling with higher Syrian...
The economic committees warned Friday that they intend to stage a sit-in soon to protest the delay in forming the government.
The International Monetary Fund said Thursday that Iran should implement policies to safeguard its macroeconomic stability in the face of reimposed U.S....
Bureaucracy, red tape and inefficient procedures continue to keep Lebanon’s ranking in the World Bank Doing Business report among the worst performers in the...
The delay in the government formation has held back any improvement in consumer confidence in Lebanon in the 3rd quarter of 2018, according to Byblos Bank/AUB...
The World Bank warned Lebanon’s risk profile is rising sharply in light of the convergence of negative local and global factors, such as global monetary...
Bank Audi’s net profits in the first nine months of 2018 jumped over 20 percent to reach $410 million thanks to a rise in net interest income and a drop in...
BLOM Bank, one of the two largest banks in Lebanon, announced Tuesday its net profits in the 3rd quarter of 2018 went up by 7.29 percent to $382.95 million.
Byblos Bank, one of the largest banks in Lebanon in terms of assets and deposits, announced Monday that its profits in the first nine months of 2018 fell...
European tourists have given Lebanon’s hospitality and hotel sector a badly needed shot in the arm this year in the absence of Arab Gulf visitors, Jean...
The ongoing delay in government formation will not negatively affect the Lebanese pound but could impact potential GDP growth, the third Vice President of the...
Is the Lebanese economy about to collapse, and will the national currency start depreciating in the face of impending storms?
Lebanon’s gross public debt in the first eight months of this year soared by 5.2 percent to reach $83.7 billion compared to $77.3 billion debt in the same...