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Oct 20

Lebanon to act as hub for Chinese regional activities: bank chief

Lebanon to act as hub for Chinese regional activities: bank chief

BEIRUT, Oct. 19 (Xinhua) -- A Lebanese bank chief said on Friday that Lebanon will serve as a hub for China's activities in the region, National News Agency (NNA) reported.

'Lebanon will serve as a hub"...

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Oct 17

Bank of Beirut implements Wolters Kluwer’s IFRS 9 platform

Bank of Beirut implements Wolters Kluwer’s IFRS 9 platform

Bank of Beirut has implemented Wolters Kluwer’s OneSumX to provide its software for managing International Financial Reporting Standard (IFRS) 9.

The accounting standard replaces the IAS 39 standard and"...

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Oct 11

Singapore tops World Bank's new human capital index

Singapore tops World Bank's new human capital index

The World Bank unveiled a new system on Thursday to rank countries based on their success in developing human capital, an effort to prod governments to invest more effectively in education and health care.

The"...

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Oct 10

QNB Group: Financial Results for the Nine Months Ended 30 September 2018

QNB Group: Financial Results for the Nine Months Ended 30 September 2018

QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the nine months ended 30 September 2018. For the nine months ended 30 September 2018, Net Profit reached QAR10.8 billion (USD3.0 billion), up by 6% compared to same period last year, despite the impact of the Turkish Lira devaluation. Total assets increased to QAR853 billion (USD234 billion), up by 8% from September 2017.The key driver of total assets growth was from loans and advances which grew by 4% to reach QAR604 billion......

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Oct 07

Arab Monetary Fund Director General receives Leadership Vision 2018 Award

Arab Monetary Fund Director General receives Leadership Vision 2018 Award

NNA - Arab Union of Banks presented the 'Leadership Vision Award' for the year 2018 to Arab Monetary Fund Director General, Abdul-Rahman Abdullah Al-Humaidi, in recognition of his achievements and distinguished role in enhancing coordination and cooperation between the various economic,"...

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Oct 03

Tesco Bank slapped with huge fine over cyberattack

Tesco Bank slapped with huge fine over cyberattack

LONDON, U.K. - Blaming Tesco Bank for failing to 'exercise due skill, care and diligence in protecting its personal current account holders,' the U.K. watchdog has slapped a huge fine on the firm.

Issuing"...

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Oct 02

Bank Audi granted the Energy Ambassador of the Year 2018 Award

Bank Audi granted the Energy Ambassador of the Year 2018 Award

Beirut - Bank Audi has announced that it was granted the “Energy Ambassador of the Year 2018 Award – Lebanese Institution” at the opening of the 9th edition of the International Beirut Energy Forum which was organised by MCE Group and held at Le Royal Hotel on September"...

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Sep 27

 Salameh: BDL to Set Stimulus Packages for Housing Loans

Salameh: BDL to Set Stimulus Packages for Housing Loans

Lebanon Central Bank Governor Riad Salameh announced on Wednesday that Banque du Liban (BDL) is going to set stimulus packages for housing loans in 2019, LBCI TV station said on Wednesday.

Salameh said that BDL"...

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Sep 19

 Central Bank Governor: Lebanese Pound is Stable

Central Bank Governor: Lebanese Pound is Stable

Central Bank Governor Riad Salameh said that Lebanon’s pound was stable, underlining the need for Arab countries to further stimulate the pace of economic growth, by adopting economic reforms and directing their policies towards investing in human capital and supporting research,"...

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Sep 15

Mastercard and BLOM BANK team up to advance Lebanon's digital payments ecosystem

Mastercard and BLOM BANK team up to advance Lebanon's digital payments ecosystem

BLOM BANK Headquarters Beirut, Lebanon : In a move that will strengthen the digital payments ecosystem across the Levant, Mastercard, a leading technology company in the global payments industry, has signed a seven-year collaboration agreement with the award-winning Lebanon-based BLOM BANK. Mastercard will work closely with BLOM BANK on the rollout of innovative payments technologies across Lebanon. The agreement was made official in a signing ceremony in Beirut on September 6th, attended by Mastercard’s Raghu Malhotra, President,......

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