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banking

Aug 12

More Lebanese showing interest in buying property: Byblos Bank survey

The Lebanese seemed more inclined to invest in new properties thanks to the low interest rates on mortgages, a new survey by Byblos Bank showed. “The results show that the index posted a monthly average of 52.3 points in the second quarter of 2017, constituting an increase of 20.2 percent from 43.5 points in the first quarter of the year and a rise of 34.3 percent from 38.9 points in the second quarter of 2016. Further, the results for the second quarter of 2017 constitute the 17th-highest level in 40 quarterly readings,”......

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Aug 10

BAI Announces the Finalists for its 2017 Global Innovation Awards 

BAI Announces the Finalists for its 2017 Global Innovation Awards 

BAI announced the finalists for the BAI Global Innovation Awards, a prestigious awards program celebrating innovation in the financial services industry. Winners will be announced at BAI Beacon in Atlanta on October 4-5.

The"...

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Aug 09

Andersen Global Expands Presence in Brazil With Branco Consultores 

Andersen Global Expands Presence in Brazil With Branco Consultores 

(ME NewsWire)-- Andersen Global announces a presence in Rio de Janeiro, Brazil by way of a Collaboration Agreement with Branco Consultores, a tax and legal firm. The addition of Branco Consultores demonstrates Andersen’s growing presence"...

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Aug 07

WeWork Announces $500 Million Investment For New Entity Focused on Growth and Expansion in Southeast Asia and Korea

WeWork is excited to announce a $500 million investment in a new entity focused on fueling its growth and expansion in Southeast Asia and Korea.

This investment underlines the potential for WeWork in Asia and"...

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Aug 06

A.M. Best Awarded International Best Ratings Agency for Takaful at the International Takaful Awards 2017

A.M. Best Awarded International Best Ratings Agency for Takaful at the International Takaful Awards 2017

(ME NewsWire)-- A.M. Best received the award for International Best Ratings Agency for Takaful at the International Takaful Awards 2017, held in conjunction with the 11th International Takaful Summit in London. This is the third consecutive year"...

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Aug 02

Lebanon Is Banking On Port City Development, Proximity To Syria

Investors and developers in a part of Lebanon are preparing for the business that's expected when someday the Syrian Civil War might end. It's the northern port city of Tripoli. It's well-located to be a hub for hundreds of billions of dollars in reconstruction. NPR's Alison"...

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Aug 01

Bankers in Lebanon cry foul over ‘double taxation,’ look to President

The Association of Banks in Lebanon and other private sector leaders are weighing the few options open to them as recently approved new tax measures, poised to be implemented soon, threaten to have a detrimental effect on their businesses and the overall economy. The few available options"...

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Jul 30

Moody’s Receives EU Regulatory Approval for Acquisition of Bureau van Dijk 

Moody’s Receives EU Regulatory Approval for Acquisition of Bureau van Dijk 

(ME NewsWire)-- Moody’s Corporation (NYSE:MCO) announced today that it has received clearance under the EU Merger Regulation from the European Commission to acquire Bureau van Dijk, a global provider of business intelligence and company information."...

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Jul 29

Lebanon Bank Audi’s profit up 65% for 2017

The sale of Bank Audi’s technology and electronic payment arm to Mikati group has boosted the lender’s net profit by 65.58 percent to $308 million in the first half of 2017. “Bank Audi’s"...

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Jul 26

Visa Expands Global Transaction Processing with Facilities in Singapore and United Kingdom 

(ME NewsWire)-- Visa (NYSE:V), a global payments technology company, today announced expanded transaction processing capabilities in two state-of-the-art data centers in Singapore and the United Kingdom. The new global processing hubs will increase"...

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