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Riad Salameh

Riad Salameh latest

Lebanon: Gov't To Decide on Circular Regulating Bank-Customer Relationships
February 2nd, 2020 - 06:48 GMT

Lebanon: Gov't To Decide On Circular Regulating Bank-customer Relationships

The Lebanese government has taken a central bank circular aimed at regulating the relationship between banks and their customers and will study and decide on it within days, Finance Minister Ghazi Wazni told LBC broadcaster Saturday. Lebanese banks, seeking to prevent capital flight, have tightly controlled access to deposits and blocked most foreign transfers since October, when anti-government protests brought a long-brewing Lebanese economic crisis to a head. However, the ...
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Al Bawaba
December 8th, 2014 - 03:14 GMT

The Middle East's Switzerland? Lebanon's banking secrecy is here to stay

Political instability has scared off wealthy Gulf Arab tourists and some investors.
October 26th, 2014 - 01:20 GMT

Lebanon to direct resentment of Syrian refugees towards $1 billion fiscal stimulus package in 2015

The Central Bank chief also explained that he requested the IMF send a delegation to Lebanon "to evaluate the cost borne by the country as a result of receiving displaced Syrians."
October 13th, 2014 - 11:14 GMT

You have our blessings: IMF 'satisfied' with Lebanon's economic performance

Al Bawaba
September 4th, 2014 - 11:17 GMT

Lebanon’s parliament is in hot water with Eurobonds. Can the Central Bank help?

Al Bawaba
May 13th, 2014 - 11:20 GMT

“Day of rage”: Lebanon’s salary scale for civil servants to come under serious scrutiny

“The size of the Lebanese banks in Iraq maybe too small compared to the huge Iraqi market. Iraq’s seven state-owned banks have 80 percent of assets and 90 percent of total deposits in the country. However, we are going to the Iraqi market to serve new clients,” Bassil said.
April 27th, 2014 - 02:55 GMT

Misery loves company? Lebanese banks announce their intention to pursue Iraq's banking sector

Al Bawaba
March 31st, 2014 - 05:56 GMT

Lebanon abandons bank secrecy laws to probe money laundering and terrorist funding

Al Bawaba
February 16th, 2014 - 10:51 GMT

Revealed: How Lebanese banks brought in billions in 2013

The 2014 stimulus package is supposed to be similar to the 2013 one released by the Central Bank (Marwan Tahtah/Al-Akhbar English)
November 14th, 2013 - 08:02 GMT

Will Lebanon's $800 million stimulus actually revitalize the country's economy?

Capital inflows mark 19 percent of Lebanon’s GDP, making the country’s capital inflow to GDP ratio one of the highest in the Middle East.
September 24th, 2013 - 11:30 GMT

Capital inflows coming to the rescue of the Lebanese economy? yes and no

State debt is now around 140 percent of GDP, a figure which had fallen in the years of fast growth but which could increase again.
September 17th, 2013 - 08:18 GMT

Lebanon's central bank trying hard to pump growth

The 13 banks booked $90.06 million in credit loss provisions during the period, down from $141.12 million in the same quarter of 2012
July 30th, 2013 - 05:47 GMT

Lebanon in severe profit loss if political instability persists

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