Lebanon's Cabinet and Banque du Liban agreed Thursday to come up with unified figures of losses to present to the International Monetary Fund in bail out negotiations.
The Syndicate of Money Changers in Lebanon Thursday set new exchange rates for the dollar against the Lebanese pound for a second day in a row in a bid to gradually contain the slide of the national currency.
The coronavirus and the steep economic recession have dealt a severe blow to Lebanon’s private sector which witnessed one of the lowest performances in May 2020, according to BLOMINVEST PMI report on Wednesday.
The Syndicate of Money Changers in Lebanon on its first day back after a month-long strike Wednesday announced the exchange rates its members would adhere to for that day.
Food prices should begin to fall within a week, Economy Minister Raoul Nehme said Wednesday following the Central Bank’s recent decision to supply banks with...
Lebanon’s licensed exchange houses will resume operations Wednesday as the Central Bank and the syndicates of the exchange dealers are set to launch the...
The International Monetary Fund is pushing the Lebanese government and the Central Bank to come up with clear answers concerning the capital control and...
Emerging market investors are no strangers to sovereign debt crises, but few have been as perilous as the one facing Lebanon given a toxic combination of...
Iraq will further cut its oil output and remains committed to the OPEC+ deal, finance minister and acting oil minister Ali Abdul Ameer Allawi said on Twitter.
Dubai will allow the full reopening of malls and private businesses starting Wednesday, its media office said, after the gleaming United Arab Emirates...
Airbus is ready to sue airlines that refuse to honour contracts to take aircraft, its chief executive was quoted Friday as saying, raising the stakes in a...
US senators will announce a bill this week expanding sanctions on Russia's Gazprom-led Nord Stream 2 project, Senate aides said, targeting a pipeline...
Lebanon’s gold reserves have been sitting idle behind the heavily fortified walls at both Fort Knox and the Central Bank for many decades as safety net that...
Lebanese authorities must straighten their facts and accelerate reforms if the country is to receive aid on favorable terms from the IMF, the UN's most senior...
The International Monetary Fund Wednesday underlined the importance of capital control in Lebanon and to ensure that the capital outflow is designated to...
The Central Bank said Wednesday that it will supply commercial banks with foreign currency to finance the imports of basic needs and to finance the import of...
As the IMF wades into Lebanon’s ongoing economic crisis, the country is aiming to become the sixth Arab state to receive assistance from the fund over the...
Moody’s international rating agency maintained their Ca rating for Lebanon after the government pledged to implement debt restructuring and seek IMF help, but...
Casino du Liban took the first step toward launching its online gambling services after asking international gaming companies to submit proposals to qualify...
Lebanon’s Central Bank told the commercial banks Friday that it will provide them with hard currencies to finance the imports of basic food items and raw...
The giant real estate company Solidere makes a comeback to profitability after selling close to $500 million in properties over the past two years which...
The Association of Banks in Lebanon threw the ball in the government’s court when it presented a new approach to offset the argument of the Cabinet that the...
With the growing pressure Lebanon is facing amidst the health, social and economic crises, conflicts and differences have become more frequent and greater in...
The head of the Treasury Operations department at SGBL was released on bail Thursday after being taken into custody on suspicion of manipulating the dollar...
The Association of Banks in Lebanon said Wednesday that the government’s economic plan had many loopholes and expressed illingness to cooperate with the...
The head of the Association of Banks in Lebanon Salim Sfeir called on the government to pay all its dues to the lenders, stressing that the Lebanese banks are...
The state needs to play a vital role with the help of the Central Bank to restructure the banking sector through consolidation and capital increases, said...
The Lebanese pound dropped against the U.S. dollar on the parallel market Tuesday, after having risen slightly just a day prior.
A Lebanese prosecutor Monday charged a top Central Bank official with manipulating the exchange rate, a judicial source said as the country struggles with a...
First Abu Dhabi Bank (FAB) has put on hold discussions to acquire the Egyptian assets of Lebanon’s Bank Audi due to difficult market conditions, two sources...
Lebanon, whose currency has been pegged to the dollar for 23 years, is ready to float the pound only after it secures billions in aid, Finance Minister Ghazi...
The Central Bank’s financial watchdog denied Friday that there was a manipulation of dollar against the pound resulting from BDL’s transactions with the...
The International Monetary Fund told Lebanese officials that they have to come up with clear figures on the losses incurred by the Central Bank, a senior...