The Association of Banks in Lebanon has announced that banks will remain closed on Monday, October 21, due to the massive protests that are engulfing the country.

In a statement, the association hoped the general"...

Bank of America reported its third-quarter 2019 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

This press release features multimedia."...

Interest rates have risen substantially due to tightening monetary conditions since the crisis surrounding the Prime Minister’s resignation in November 2017, according to the World Bank’s ‘Lebanon's Economic Update October 2019’.

The average interest"...

TOKYO: Under-pressure start-up WeWork is considering two huge bailout plans including a cash injection that could see Japanese investment titan SoftBank take control of the firm, according to reports.
The office-sharing giant had been on course for a massive initial public offering"...

NNA - Lebanese Central Bank Governor, Riad Salame, on Friday highlighted at the opening session of the International Conference of the ICC-FraudNet -- Global Human Rights Network, the Central Bank's relentless efforts ensure that the banking sector in Lebanon did not facilitate corruption"...

In 2019, it seems almost any consumer good can be delivered to your door in Lebanon through a quick phone call, WhatsApp, or click online. E-commerce has been available in Lebanon since at least 2000, when the Buy Lebanese website went live in November that year. In the MENA region, the"...

Lebanon’s current economic “situation” is not just a US dollar liquidity issue, it is the product of a unique monetary policy. The context of our current economy is a story of accounting acrobatics and regulatory arbitrage, the outcome of which will either be a Hail Mary"...

The World Bank issued a clarification expressing readiness to lend a helping hand if the Lebanese government commits to a series of pledged reforms mainly focusing on the country’s ailing power sector, media reports said on Tuesday.

The"...

The global fiscal panic which we gave special attention in our last quarterly outlook could, over the coming months, be joined by a weaker dollar — as our CIO Steen Jacobsen outlines in the introduction to this outlook for the final quarter of 2019.

The"...

Fears of a monetary devaluation in Lebanon, where the exchange rate has been fixed for more than two decades, are on the increase following a dollar shortage and the downgrading of the country's sovereign credit rating.

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