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 Lebanon: Former Economy Minister Calls For $25 Billion To Restore Confidence
February 5th, 2020 - 10:19 GMT

Lebanon: Former Economy Minister Calls For $25 Billion To Restore Confidence

A former Lebanese economy and trade minister has called for a second Paris summit to bail out the debt-ridden nation with financial support of up to $25 billion. Nasser Saidi, who is also a former deputy governor of Lebanon’s central bank, told Arab News that restructuring of the country’s banking system is needed urgently and that “depositors should not have to pay for banks’ mismanagement.” Financial support of between $20 ...
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A man walks past a money exchange in Beirut after Lebanon's central bank announced measures to facilitate access to dollars for importers of petroleum products, wheat, and medicine amid fears of a dollar shortage.
October 7th, 2019 - 08:41 GMT

The One Million Dollar Question: Is the Lebanese Pound at Risk of Devaluation?

The World Bank revised its GDP growth estimate for Lebanon to just 0.2 percent from 1 percent in 2018. (Shuttertock)
April 9th, 2019 - 09:09 GMT

World Bank: Lebanon’s GDP Growth to Decline to 0.2 Percent

Lebanon’s domestic bank deposits are forecast to grow by a “conservative” $7 billion to $8 billion in 2019. (Shutterstock)
February 28th, 2019 - 07:29 GMT

Lebanese Domestic Bank Deposits to Grow by $8 Billion Thanks to Government Formation

Risks to financial stability remain significant given unpredictability in the policy framework and Turkey’s large external financing requirements. (Shutterstock)
September 13th, 2018 - 09:03 GMT

Agencies Downgrade Turkish Banks in Response to Market Volatility

Lebanese premier-designate Saad Hariri supports Hague Court on killers of his father (AFP)
September 13th, 2018 - 08:02 GMT

Hague Court Looks at More Incriminating 'Phone' Evidence of Suspected Killers of Rafik Hariri

Car sales are one of the important indicators illustrating the state of the Lebanese economy. (Shutterstock)
August 15th, 2018 - 07:24 GMT

Car Sales Fall in Lebanon Due to Economic Slowdown

Customer deposits grew by $4.7 billion in the first half of this year, in line with average first half growth of the previous five years, to reach $173.3 billion at the end of June.(Shutterstock)
August 8th, 2018 - 12:19 GMT

Report: Deposits in Lebanese Banks Exceed $170 Billion

Iraq’s intelligence service and Lebanon’s General Security unveiled a scam network that spreads false information about several Lebanese banks and blackmails them. (Shutterstock)
July 31st, 2018 - 07:35 GMT

Iraq, Lebanon Unveils Banks' Scamming Network

Apart from economists, investors and businessmen, international ratings agencies have expressed deep concern over the delay, reminding the authorities that the growing public debt has reached alarming levels. (Shutterstock)
July 18th, 2018 - 10:45 GMT

Delays in Cabinet Formation Will Hurt Lebanese Economy

(Shutterstock/ File Photo)
July 18th, 2018 - 10:01 GMT

Lack of Political Will in Lebanon Means Govt Losing Millions Over Online Gambling

The casino has been in a fight with the state over closing down these centers, and the source said the two sides agreed in 2008 to shut down any gambling center other than the casino. (Shutterstock)
July 15th, 2018 - 11:27 GMT

Illegal Gambling Results in Loss of Millions in Lebanon

The revenues from oil and gas exploration will dramatically change the face of Lebanon, according to estimates. (Shutterstock)
February 8th, 2018 - 12:40 GMT

Lebanon: Offshore Gas Project to Generate $200 Billion in Revenues

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