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banking

Oct 18

Bank of Beirut supports OABC networking event with US envoy

The first OABC Premium Member event of the year was recently held at the Hyatt Rooftop Grill.

OABC Premium Members enjoyed a time of connecting with H E Mark J Sievers,U S Ambassador to Oman, as well as networking"...

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Oct 17

Lebanese banks safe from sanctions: Central Bank Governor

Additional sanctions against Hezbollah being drafted by the United States will not affect the Lebanese banking sector, Central Bank Governor Riad Salameh said from Washington over the weekend. After holding talks with the U.S. State and Treasury departments, Salameh expressed relief during an interview with Lebanese TV station LBCI. “What we heard is reassuring,” he said. “The goals [of the U.S. State and Treasury departments] are to support the Lebanese economy and banking sector,” said Lebanon’s Central......

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Oct 15

Exclusive: Lebanon's combined bank profitability may be hit by new taxes, Central Bank governor says

The combined annual profitability of Lebanon's banks could fall as much as 20 per cent because of the introduction of new taxes intended to help finance public sector salary increases, the country's"...

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Oct 15

Salameh: The Lira will remain stable, our mechanisms are sufficient to comply with sanctions

Central Bank Governor Riad Salameh stressed Saturday that the Lebanese Lira is stable, adding that the Central Bank's mechanisms are adequate to comply with the US imposed sanctions on Hezbollah.


'The mechanisms set by the Central Bank to commit to US sanctions"...

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Oct 14

Bank of America Reports Third-Quarter 2017 Financial Results

Bank of America Reports Third-Quarter 2017 Financial Results

Bank of America reported its third-quarter 2017 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

Oct 13

The 2017 World Branding Awards sees 245 Winners from 32 Countries Awarded at Kensington Palace

The 2017 World Branding Awards sees 245 Winners from 32 Countries Awarded at Kensington Palace

(AETOS Wire)-- The fourth edition of the prestigious World Branding Awards saw 245 brands from 32 countries named “Brand of the Year” in a glittering ceremony held in the main entrance and Orangery at Kensington Palace today.

Global"...

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Oct 12

Khoury to Washington to participate in World Bank meetings

Minister of Economy and Trade, Raed Khoury, left for the United States to participate in the World Bank and IMF meetings between October 11 and 15.


Minister Khoury will hold meetings in Washington to discuss the progress achieved through preparing a Budget for the State"...

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Oct 12

QNB Group, the Largest Bank in the Middle East and Africa, Delivers Another Record Results for Q3 2017

QNB Group, the Largest Bank in the Middle East and Africa, Delivers Another Record Results for Q3 2017

QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the nine months ended 30 September 2017, which is the highest in the history of QNB Group.

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Oct 02

Tueni: National currency immune, taxes will not affect lowincome citizens

State Minister for Anti-Corruption Nicola Tueni assured Sunday that the national currency is immune, adding that the imposed taxes will not affect low-income citizens.


'The economic theories and dim analyses that we are facing daily are far from the reality of figures."...

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Sep 29

American Express Expands Growing Global Lounge Collection with the Opening of The CENTURION® Lounge in Hong Kong and Philadelphia

American Express Expands Growing Global Lounge Collection with the Opening of The CENTURION® Lounge in Hong Kong and Philadelphia

(AETOS Wire)-- American Express (NYSE:AXP) today announced the expansion of its signature airport lounge network, The Centurion Lounge, with two new locations in Hong Kong and Philadelphia International Airports. Hong Kong, which opens on October"...

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