The mid-2019 Cost of Living Index produced by crowdsourced global database Numbeo ranked Beirut fourth-highest among 21 Arab cities and 157th among 377 cities around the world, Byblos Bank’s “Lebanon This Week” economic report said. Numbeo, a global statistics website based in Belgrade, enables users to share and compare information about the cost of living between cities and countries worldwide.
Prices of Lebanon’s Eurobonds increased slightly Tuesday following reports that Saudi Arabia is preparing to provide some kind of assistance to help the government tackle the budget deficit. According to Reuters, the 2024, 2025 and 2027 Eurobond issues rose more than 0.8 cents to the dollar after three former prime ministers indicated that Saudi Arabia may offer new support to debt-laden Lebanon.
The president of the Association of Banks in Lebanon, Salim Sfeir, said Tuesday that lenders are willing to support the economy provided that the authorities start implementing reforms.
Prices of Lebanon’s Eurobonds increase 0.8 cents after news of potential Saudi assistance: Reuters
International ratings agency Fitch said Lebanese banks had low-level potential vulnerability, similar to their peers in the United States and Germany.
The Association of Banks in Lebanon has assured Central Bank Gov. Riad Salameh that it has set maximum interest rate ceilings for deposits in Lebanese pounds...
One of the leading investment banks in the world gave an upbeat assessment of Lebanon’s sovereign Eurobonds when it asserted that these bonds are undervalued.
Lebanon’s gross public debt up to May 2019 rose by 0.3 percent to $85.4 billion compared to $85.1 billion in the same period of 2018.
Shippers trying to minimize time in the Middle East after oil tanker attacks pushed up insurance costs are scaling back purchases of marine fuels from the...
Kuwait has delivered more gains for stock investors than any other major market in the Middle East and Africa this year.
The Federal Reserve and other leading central banks are declaring the peak in global interest rates has been reached and are readying to start the march down.
Global central bankers are again in the driving seat when it comes to propping up the world economy, but many are demanding governments join them in the...
Eighty million euros ($90 million) in funds will be made available to small and medium enterprises who wish to convert to sustainable energy by the European...
Hotel reservations by Gulf tourists in the Aley area have slowed down following the deadly shootout at the end of last month, industry figures said, but...
A senior U.S. official Tuesday urged the Lebanese government to freeze the accounts and assets of three high-ranking officials who have been sanctioned by the...
Lebanon could eventually be compelled to swallow conditional IMF financial aid if the government fails to cut the budget deficit and improve the balance of...
Lebanese banks are able to absorb any shocks, a leading banker said Thursday, thanks to their liquidity and full compliance with international rules.
The performance of Lebanon’s private sector continued to reel under the severe economic conditions in the country, according to BLOMINVEST PMI report.
The Central Bank has given a new incentive for Lebanese commercial banks to lure fresh funds after a negative deposit growth in the first four months of 2019
The Lebanese government is likely to carefully assess a new IMF report and recommendations, but it seems improbable that the Cabinet will endorse the fund’s...
The rise of financial technology and big tech companies is adding extra pressure on traditional banks to go digital.
The austerity measures included in the draft 2019 state budget will not be enough to reduce the deficit to the target of 7.6 percent of GDP, the International...
Energy and Water Minister Nada Boustani opened the tender offers from the firms interested in taking part in the construction of LNG terminals and import of...
Lebanon is the only country among countries of the same developmental category to receive exemption from the interest increase from the World Bank
The LF Total Return Bond Fund was launched in 2012 and currently enjoys a track record of over 6 and half years.
The prices of Lebanese bonds in the international market improved following the announcement of Qatar that it has started buying $500 million worth of...
The newly elected president of the Association of Banks in Lebanon Salim Sfeir said over the weekend that he would ask the government to coordinate with ABL...
The Lebanese finance minister said Sunday that Qatar's position on purchasing Lebanese government bonds was serious and showed a commitment to the country's...
Bank of Beirut CEO Salim Sfeir Saturday was unanimously elected as chairman of the influential Association of Banks in Lebanon.
Salim Sfeir elected chairman of Association of Banks in Lebanon
Qatar has bought some bonds in a planned $500 million investment in Lebanese debt and remains committed to completing its pledge, according to a Qatari...
One billion dollars of the World Bank’s pledged funding to Lebanon is in danger if promised projects are not carried out soon, a senior World Bank official...
Economists brushed off Moody’s warning that Lebanon may risk debt rescheduling in the future due to slowing capital inflows and weaker deposit growth.