Customer deposits in commercial banks grew 2.8 percent last year to $173.2 billion on the back of a jump in non-resident deposits and in foreign currency deposits, according to Central Bank data.

Deposits denominated in foreign currencies, which account for 71 percent of total"...

NNA - Bank of Beirut held a press conference at the Four Seasons Hotel for the signing of the Investors for Governance & Integrity (IGI) declaration hence highlighting its commitment to environmentally and socially responsible corporate practices.


In the presence"...

A walk in Mar Mikhael reveals that it has become the hub of hospitality for millennials in Lebanon; during the day, its appealing restaurants and quick snacks attract those who work in the area, while in the evening, it’s a destination for gatherings with friends over drinks or bistro"...

After sister title Caterer Middle East revealed Emma Banks' departure from JRG Dubai, Hilton has now confirmed the appointment of Banks as vice president, F&B strategy & development for Europe, Middle East and Africa (EMEA).

Based"...

(AETOS Wire)-- Kony, Inc., a leading provider of digital banking solutions, and CFG Bank, an innovator in retail commercial banking in Morocco, today announced their collaboration on CFG Bank’s digital banking application. With customers expecting a simple yet robust digital banking experience, CFG Bank has selected Kony to partner on its long-term digital transformation strategy built on the pillars of simplicity, transparency and sustainable customer relationships. Central to that strategy is CFG Bank’s dynamic app built on Kony’s digital banking platform, Kony DBX, which provides a more modern digital banking experience.......

Following a year with Middle East stock markets down aside from tiny Tunisia, ratings agencies repeated a gloomy banking sector forecast for 2019, with Lebanon in particular now on a related sovereign debt-restructuring precipice as the ratio to gross domestic product tops 150%. S&P"...

BEIRUT: Moody's downgraded Wednesday the ratings of Bank Audi, BLOM Bank, and Byblos Bank, days after it lowered the mark of Lebanon's issuer rating to Caa1 from B3.

The three banks' long-term deposit"...

DUBAI — The Access Bank UK was conferred the prestigious title of Best African Trade Finance Bank for its exceptional efforts in facilitating trade ties with the African continent at the sixth edition of the International Finance Awards. Held at the Jumeirah Emirates Towers in Dubai,"...

New YorkcCase:> US online luxury reseller The RealReal Inc is talking to investment banks about the possibility of an initial public offering (IPO) later this year, people familiar with the matter said on Friday.
The company - which specializes in online secondhand luxury apparel"...

London
The British pound firmed against the dollar and euro Wednesday, and London stocks dropped, as traders awaited a confidence vote on British Prime Minister Theresa May’s government after parliament voted massively against its Brexit deal.
The pound was up at $1.2865"...