Financial strains in Lebanon have been brought into focus by turbulence on markets where its dollar-denominated sovereign bonds suffered a heavy sell-off last week following comments by the finance minister about the public debt.
Dollar accounts in Lebanon represented 70 percent of total customer deposits in 2018, Central Bank Gov. Riad Salameh said Wednesday, a slight increase from the previous year.
Central Bank Gov. Riad Salameh said Wednesday that the bank aims to keep the exchange rate of the Lebanese pound stable in 2019.
The prices of Lebanese Eurobonds bounced back again Monday after officials reiterated that there was no intention to restructure the public debt.
Carlos Ghosn improperly received $9 million in compensation from a joint venture between Nissan Motor and Mitsubishi Motors, the Japanese automakers said...
All money transfer offices must pay cash wired electronically from abroad to the recipients in Lebanese pounds only and not in U.S. dollars, Lebanon’s Central...
Caretaker Finance Minister Ali Hasan Khalil said Sunday that restructuring Lebanon’s public debt is “not on the table at all,” following a rare Sunday meeting...
Saudi Arabia and four other Gulf nations will join JPMorgan Chase & Co.’s emerging-market bond indexes this month, potentially paving the way for billions of...
President Recep Tayyip Erdogan was granted emergency powers that give him broad authority to act when Turkey’s financial stability is deemed to be under...
European shares jumped to their highest level in six weeks as signs of a detente in the trade war between the United States and China lifted markets from Wall...
China has offered to go on a six-year buying spree to ramp up imports from the U.S., in a move that would reconfigure the relationship between the world’s two...
Caretaker Finance Minister Ali Hasan Khalil Friday reassured Lebanese bankers of the ministry’s full commitment to meeting its obligations for the holders of...
The World Bank projected Lebanon’s GDP growth in 2019 at 1.3 percent compared to 1 percent in 2018.
The head of the Lebanese Petroleum Administration said Friday that the media was exaggerating the potential for the oil sector to create "thousands of jobs...
The prices of Lebanon’s sovereign Eurobonds readjusted to their normal rates after caretaker Finance Minister Ali Hassan Khalil brushed off a newspaper...
Caretaker Finance Minister Ali Hasan Khalil is preparing a “financial correction” plan for Lebanon that he says should include public debt restructuring and...
Profits of banks will be drastically affected if some lenders continue to offer higher interest rates in an “irrational” manner, bankers have warned.
The Association of Banks in Lebanon held a meeting Tuesday with the organization’s U.S. lawyer to discuss suits by 400 American citizens alleging several...
Continued stagnation in Lebanon’s real-estate market was reflected in a sharp drop in property sales in most regions in the first 11 months of 2018.
Goldman Sachs Group Inc. still sees an imminent debt restructuring in Lebanon as unlikely but is already turning its attention to how much investors could...
The Association of Banks in Lebanon Friday dismissed as “baseless” two civil lawsuits filed in New York this week against more than 10 Lebanese banks
Hotel reservations in Lebanon during the winter holiday season have not died down despite the many local and international difficulties the country is facing,...
United Nations Conference on Trade and Development said that despite the liberal economy Lebanon still enjoys, there are still some sectors that need to be...
Real estate development giant Solidere suffered further losses in the first half of 2018 as the firm was forced to put more provisions in place for bad loans,...
Financial inflows to Lebanon in the first 10 months of 2018 dropped by 11.6 percent to over $11 billion, while the trade deficit in the same period rose by 4...
Lebanon can expect to see a big improvement in internet speeds once the installation of fiber optics is completed in 2019, according to Hisham Itani, chairman...
Prime Minister-designate Saad Hariri said that all political parties were committed to reforms, pledging that the next Cabinet intends to bring down energy...
PM-designate Hariri says Lebanon will try to bring down energy subsidies by $600M in 2019: Reuters
Solidere shares were up slightly Thursday after a surge the day before, in what appeared to be a reaction to expectations that government formation is imminent.
The Finance Ministry announced the completion of two LL2.035 trillion ($1.3 billion) Treasury bill issuances to partially finance the needs of the state in...
Tens of thousands of surplus government employees and security personnel need to be laid off or assume other vacancies if the next Cabinet wants to cut waste...
Lebanese officials and economists said that Moody’s negative outlook of Lebanon should prompt all officials to set their differences aside and form a Cabinet...