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banking

Dec 14

IMF Staff Concludes Visit to Lebanon

  • To preserve confidence there is an urgent need to place the economy on a sustainable path and halt the rise in public debt.
  • The Banque Du Liban should use standard monetary instruments as needed to influence market interest rates, while efforts should continue to strengthen buffers in the banking system in light of the risks carried by the...

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Dec 12

Shorting bitcoin a challenge, prices likely to top $100,000: Nassim Nicholas Taleb Read more at: //economictimes.indiatimes.com/articleshow/62019468.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

One more bullish view got added in favour of bitcoin last week. This time it came from Nassim Nicholas Taleb, an American-Lebanese academic and hedge fund manager, who believes that bitcoin can touch $1,00,000 and there is no way to properly short the bitcoin 'bubble'.
...

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Dec 11

WorldRemit Raises $40m and Targets Egypt Expansion

WorldRemit Raises $40m and Targets Egypt Expansion

Leading digital money transfer service WorldRemit has raised $40 million to drive its next phase of global growth, including an expansion of its Egypt operation. WorldRemit handles a growing share of the $600 billion remittance market. Within that market, Egypt is a key target for the company. Egyptians living overseas transfer billions of dollars worth of remittances back home and earlier this year, the Central Bank of Egypt said that remittances had surged following the floatation of the currency. WorldRemit’s mobile-first, digital model allows migrants to send money in a few taps directly from their phones or online instead of going......

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Dec 07

Bank Audi and USJ Seal their 40-year Partnership

In the context of the close collaboration between Bank Audi and the Saint Joseph University, a round table was held at Bank Audi Plaza – Bab Idriss on Tuesday, November 28, during which a number of students"...

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Dec 06

A.M. Best Affirms Credit Ratings of The Bahrain National Insurance Company BSC (c)

A.M. Best Affirms Credit Ratings of The Bahrain National Insurance Company BSC (c)

(AETOS Wire)-- A.M. Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” of The Bahrain National Insurance Company BSC (c) (BNI) (Bahrain). The outlook of these Credit Ratings"...

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Dec 03

Geagea commenting on Al Jubair's statement: Central Bank coordinates with American Treasury, I do not think money for Hezbollah passes through the Lebanese banking system

Lebanese Forces Chief Samir Geagea commented Saturday on the recent statement by Saudi Foreign Minister Adel Al Jubeir, saying, 'I appreciate Al Jubair's speech, but I have another opinion regarding the Lebanese banking sector. The Lebanese banks are fully complying with the Central"...

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Dec 02

Climatecoin: Crypto Carbon Revolution

Climatecoin: Crypto Carbon Revolution

(AETOS Wire)--CLIMATECOIN and CARBON TRADE EXCHANGE (CTX) – GEM, closed an agreement to create the first peer to peer decentralized platform for carbon credits trading/exchange in the world.

Climatecoin"...

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Dec 02

Saint-Gobain Acquires Spin-Works International Corporation

Saint-Gobain Acquires Spin-Works International Corporation

(AETOS Wire)-- Saint-Gobain’s High-Performance Refractories business has acquired Spin-Works International Corporation, an innovative manufacturer of 3D-printed and extruded silicon carbide ceramic components that improve energy efficiency, recover waste heat and reduce emissions for customers in a wide range of high-temperature industrial processes. Spin-Works is based in Northeast, Pennsylvania (near Erie), and has approximately 20 employees. “We’re very pleased to have Spin-Works join Saint-Gobain,” says Laurent Tellier, Vice President of Saint-Gobain High-Performance Refractories. “This acquisition further expands......

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Nov 30

Schlumberger Announces Fourth-Quarter and Full-Year 2017 Results Conference Call

Schlumberger Announces Fourth-Quarter and Full-Year 2017 Results Conference Call

(AETOS Wire)-- Schlumberger Limited (NYSE:SLB) will hold a conference call on January 19, 2018 to discuss the results for the fourth quarter and full year ending December 31, 2017.

The"...

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Nov 30

Creative Artists Agency Names Steve Hasker CEO of CAA Global

(AETOS Wire)-- Leading entertainment and sports agency, Creative Artists Agency (CAA), announced today that industry veteran Steve Hasker has been appointed CEO of the recently structured CAA Global. He will manage the intersection between CAA's"...

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