Lebanon Newswire

Lebanon Newswire

Comprehensive Real-Time News Feed for Lebanon, MO.

Results 1 - 10 of 10 for "u:albawaba.com" in Lebanon, MO

  1. Lebanon's political scene is changing, so is its economy: ReportRead the original story w/Photo

    Apr 16, 2017 | Al Bawaba

    Standard Chartered said in its report on Lebanon that it expects GDP growth to pick up marginally to 1.5 percent in 2017, from an estimated 1 percent in 2016. Standard Chartered expects modest GDP growth in Lebanon in 2017 compared to 2016, thanks to the positive political environment following the election of a president.

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  2. Lebanon: Financial inflows to jump 20 percent amid better economic conditionsRead the original story w/Photo

    Apr 9, 2017 | Al Bawaba

    Financial inflows to Lebanon in 2017 could jump by 20 percent thanks to the positive political and economic conditions, Bank Audi said Wednesday. "The improvement in Lebanon's politico-economic conditions could generate no less than a 20 percent rise in financial inflows in 2017, following the noticeable double-digit growth that was reported in 2016 and that was driven by the financial engineering operations of the Central Bank.

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  3. Lebanon's banks trail behind in fintech servicesRead the original story w/Photo

    Feb 22, 2017 | Al Bawaba

    There is also a need to improve internet connectivity in Lebanon for banks to be able to provide fintech services in an effective way. Banks in Lebanon are falling behind their European counterparts when it comes to providing technological financial services, better known as fintech services, a senior banker said.

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  4. Lebanon: Proposal to raise taxes met with oppositionRead the original story w/Photo

    Feb 16, 2017 | Al Bawaba

    The IMF has urged the Lebanese government to look for new alternatives to reduce the mounting public debt. Taxes proposed by Lebanon's Finance Ministry are coming under mounting criticism from economists, bankers and businesses who are warning that these measures would add more burden on citizens and the struggling economy.

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  5. Lebanon's big savers: Half of customer deposits held by less than one percent of depositorsRead the original story w/Photo

    Jan 30, 2017 | Al Bawaba

    Lebanon's banking sector is seen as the backbone of the country's economy and the assets held by the lenders are more three times the size of economy. Less than 1 percent of depositors control 50 percent of all customer deposits in Lebanese banks, the IMF said this week.

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  6. Lebanon: Financial inflows up, but so is the deficitRead the original story w/Photo

    Dec 15, 2016 | Al Bawaba

    The increase in customer deposits was basically triggered by the financial engineering of the Central Bank that was aimed at boosting the foreign currency reserves of BDL as well as the profitability of the lenders. Financial inflows to Lebanon in the first 10 months of 2016 jumped by 30.7 percent to $13 billion compared to the same period of last year, driven mainly by an increase in customer deposits, a report by Bank Audi said.

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  7. BLOM's HSBC Lebanon acquisition comes closer to fruitionRead the original story w/Photo

    Nov 16, 2016 | Al Bawaba

    As of June 30, 2016, HSBC Bank Middle East Limited had three branches in Lebanon and approximately $953 million in total assets. BLOM, the second leading Lebanese bank , took the first step Wednesday in acquiring highly coveted HSBC operations in Lebanon.

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  8. Lebanese venture capitalist fund cashes in on three start-upsRead the original story w/Photo

    Oct 26, 2016 | Al Bawaba

    Since 2008, Berytech Fund has invested in 15 ventures focusing on technology companies in Lebanon with proven commercial viability. A leading Lebanese venture capital fund announced Tuesday that it has sold its stake in three of the 15 portfolio companies with a 14.4 percent profit.

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  9. S&P upgrades outlook for three Lebanese banksRead the original story w/Photo

    Oct 5, 2016 | Al Bawaba

    S&P stressed that Lebanese banks have helped the local economy to stay resilient despite the difficult economic and political challenges. International ratings agency Standard & Poor's has upgraded the credit rating outlook of Bankmed and other leading banks in its last report on Lebanon.

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  10. Lebanon: The irony of having too much cash in the bankRead the original story w/Photo

    Sep 29, 2016 | Al Bawaba

    Among the options Salameh may resort to is to issue new certificates of deposit with long-term maturity that carry 7 to 9 percent interest. Lebanese banks are reporting a huge excess in cash in Lebanese pounds resulting from a swap operation engineered by the Central Bank earlier this year.

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