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Central Bank Governor Riad Salameh governor once again ruled out a break in the long-standing peg on Monday, saying the government had the means to maintain it.
October 31st, 2019 - 06:42 GMT

How Would Breaking Lebanon's FX Peg Affect the Deteriorating Economy?

Lebanon’s political and banking crisis has put growing pressure on its 22-year-old currency peg to the US dollar and foreign funds fear a devaluation now could be disastrous for a country with one of the world’s biggest foreign debt burdens. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-c…","video_id":"cfa14622-73ab-415f-913f-905eb942a0b9","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Top 10 Cities to Travel to in 2020"} The risk of devaluation has risen as Lebanon grapples with its most severe economic pressures since the 1975-90 civil war, with widespread ...
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Many prominent company leaders have said they will not attend the FII, which is scheduled to start in Riyadh next week. (Shutterstock)
October 18th, 2018 - 08:42 GMT

BlackRock Not Parting Ways With Saudi Despite FII Absence

All eyes will be on escalating trade rhetoric in the week ahead as investors try to work out whether a series of tit-for-tat responses between the U.S. and China will end in negotiations or an all-out trade war. (Shutterstock)
April 9th, 2018 - 08:23 GMT

US-China Trade Wars: Top 5 Things to Watch in Global Markets This Week

Dozens of the biggest names in global business are making the trip to Riyadh today, including IMF chief Christine Lagarde. (Cristobal Bouroncle/ AFP)
October 24th, 2017 - 09:53 GMT

Major Investment Conference Kicks off in Saudi Arabia

Members of the press at Davos 2017. (AFP/Fabrice Coffrini)
January 26th, 2017 - 09:41 GMT

Saudi Arabia scored a PR win at Davos 2017

To avoid bad surprises at the end of the month, budgeting is an absolute must. (Shutterstock)
June 20th, 2016 - 08:57 GMT

Are you financially independent and financial responsible? The single girls' guide to managing money

Saudi Arabia's finances have been under pressure after its main source of revenue, oil, sank to the lowest level in 11 years. (File photo)
January 3rd, 2016 - 06:56 GMT

Saudi market plans IPO in 2018

Al Bawaba
June 24th, 2015 - 04:55 GMT

Qatari-US partnership in bid for controlling stake in Formula One

Egypt bourse
June 13th, 2013 - 09:43 GMT

Egypt bourse tumbles to 11-month low on MSCI worries

Al Bawaba
May 9th, 2010 - 08:48 GMT

Activists Ask Shoppers to Buy Flowers, Not Leviev Diamonds, on Mother's Day

Al Bawaba
April 12th, 2010 - 10:41 GMT

Predictions for the ETF industry by BlackRock’s Deborah Fuhr

Al Bawaba
February 14th, 2010 - 08:47 GMT

Protesters Declare ”A Diamond is Forever, but Apartheid Has to End” on Valentine's Day

Al Bawaba
January 24th, 2010 - 01:42 GMT

Bank of America Announces 2009 net income of $6.3 Billion

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