Demand for cash dollars is "nothing unusual" and banks are satisfying client requests to exchange Lebanese pounds for the U.S. currency, senior banking sources said Thursday, urging customers to ignore rumors to the contrary.
The London-based Institute of International Finance has said that despite a recent Fitch downgrade of Lebanon’s rating to CCC from B-minus, the country is unlikely to default on the payment of its dues thanks to the substantial reserves held by the Central Bank and its dynamic banking sector.
The Lebanese government is expected to pay the highest yield in its history on the forthcoming Eurobonds issue, bankers and analysts said Monday.
Lebanese banks could ask for higher yields on any Eurobonds issued by the government, multiple bankers have told The Daily Star.
International investment bank Goldman Sachs has said Lebanon’s Eurobonds are worth more than the current prices.
Preliminary work on Lebanon’s long-awaited Deir Ammar Power Plant (DAPP2) project will begin this week, officials said, after an 18-month delay, skepticism...
Bank Audi has said that Lebanese lenders remain well-placed to weather the challenges and difficulties they face.
Central Bank Gov. Riad Salameh said Thursday that the Central Bank had taken all measures to ensure that banks and financial institutions fully complied with...
Dozens of bankers from Citigroup Inc. to JPMorgan Chase & Co. descended on the heart of Dubai’s financial district Thursday to start work on the mammoth...
Since the launch of its strategy to revive global oil markets three years ago, one of the biggest challenges faced by OPEC and its allies is that not all the...
The euro rocketed to a 17-day high against the dollar Friday as German government bond yields surged on the back of investors thinking the European Central...
The London Stock Exchange emphatically rejected the Hong Kong bourse’s $39 billion takeover offer Friday, opting to stick with its planned purchase of data...
We have reached the moment of truth: Our economy is sputtering, but there is a glimpse of hope if we act responsibly and act now.
Standards & Poor’s Global Ratings warned Wednesday that Lebanon’s Central Bank had enough foreign currency reserves to last for one year only, urging the...
Lebanon’s private sector experienced further decline in its performance in the month of August 2019, according to BLOMINVEST PMI report Wednesday.
The private sector is expected to play a prominent role in the implementation of a bold electricity plan that would put the country on the right track, a...
Lebanon’s budget deficit in the first half of 2019 dropped by more than 20 percent to $2.42 billion compared to the same period of 2018 due to a sharp drop in...
Banque du Liban Gov. Riad Salameh said Tuesday that he was following the developments concerning sanctions-hit Jammal Trust Bank, and repeated that the...
The Finance Ministry said real estate transactions in the first seven months of 2019 had shrunk by 24 percent compared to the same period of 2018.
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 assets to...
Companies from the United Arab Emirates are taking part in the Damascus International Trade Fair, state media has said, months after their embassy reopened in...
The President of the Association of Banks in Lebanon Salim Sfeir assured Friday that the U.S. administration has no intention to sanction more Lebanese banks
Lebanon’s Central Bank has secured up to $1.4 billion in five-year deposits from private investors overseas
ABL chief: Washington assured us of no new sanctions against Lebanese banks
Central Bank Gov. Riad Salameh Friday announced that Banque du Liban’s foreign exchange reserves increased by approximately $1.4 billion during the second...
BDL foreign exchange reserves up by $1.4 billion in second half of August: Central Bank Gov.
The U.S. Treasury Thursday slapped sanctions on Lebanese Jammal Trust Bank for “brazenly enabling” Hezbollah’s financial activities.
The Central Bank is expected to receive around $1 billion in the form of either a deposits or subscription to Lebanese sovereign Eurobonds soon, sources...
The U.S. Treasury Thursday sanctioned Lebanese Jammal Trust Bank for "brazenly enabling" Hezbollah's financial activities.
US Treasury sanctions Jammal Trust Bank for providing support to Hezbollah
The prospects of a limited war between Hezbollah and Israel has increased pressure on Lebanon’s Eurobonds as the county’s 5-year credit default swaps (CDS)...
The cost of insuring Lebanon’s sovereign debt hit a record high Wednesday as dollar-dominated bonds came under pressure again after escalating tensions with...
Prices of Lebanon’s sovereign Eurobonds were unchanged Monday despite Fitch downgrading the country’s Long-Term Foreign-Currency Issuer Default Rating to CCC...