QNB Financial Services (QNBFS) has announced that it maintains its market perform rating on Industries Qatar (IQ) with price target of QR10 as the company’s balance sheet continues to remain solid with QR11.3bn in cash, bank balances and zero debt.
The company generated operating"...

The Cabinet has approved hiring Alvarez & Marsal (A&M) to perform forensic audit of the Central Bank (BDL) while KPMG and Oliver Wyman will carry out the financial audit.

“Naming a forensic auditor is the foundation stone for building reforms,” said Primer"...

A Lebanese court has issued a decision to freeze the assets of central bank governor, Riyad Salameh.

Judge Faisal Makki issued the order, which came into effect immediately, yesterday and stipulated the seizure"...

In a statement from the Ministry of Justice, Judge Faisal Makki ruled that Salameh’s assets — including his house in Beirut’s Rabieh area, other property and personal allocation in Banque du Liban, Lebanon’s central bank — would be seized with immediate effect,"...

The Central Bank (BDL) has formed a committee for restructuring the local banks that will report to the Governor of BDL.

Banks have objected to the name of the committee.

According to a BDL memo, the committee will propose amendments to prudential regulations of"...

Bank of America reported its second-quarter 2020 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

This press release features multimedia."...

The currencies of Lebanon, Iran and Syria have hit record lows, with spreads between official and black-market rates widening and inflation increasing due to decades of mismanagement, corruption and sanctions, the Institute of International Finance said.

Lebanon"...

The former in the Lebanese Ministry of Finance, Bifani said Monday that Lebanese bankers have smuggled nearly $6 billion out of the country since October despite financial regulations imposed to save the country from the worst financial crisis in 30 years, a former Ministry of Finance official"...

E-commerce has reached new heights around the world, as more consumers are going online to make secure, touch-free purchases across various merchants and platforms. Now, it’s more important than ever that the online checkout experience is seamless and consistent across all types of"...

The Central Bank of Lebanon (BDL) announced in a statement on Monday a 3,900 Lebanese Pounds as an exchange rate for food industry importers and manufacturers.

The bank said that requests should be submitted and"...