Lebanon Crisis
How The Lebanese Private Sector Is Coping In The Eye Of A Storm
Middle East Business News - Published date: .
Businesses extremely pessimistic about future as layoffs continue and wages plummet Read more
IMF Ready To Help Blast-hit Lebanon Once New Government In Place
Middle East Business News - Published date: .
Country is facing a severe economic crisis after a neglected warehouse full of fertiliser ignited in a cataclysmic blast... Read more
Lead Lebanon Negotiator For IMF And Eurobond Restructuring Quits
Middle East Business News - Published date: .
Talal F. Salman is the third ministry official to quit over Lebanon's response to its financial crises Read more
Emirates NBD In Talks To Buy Lebanese Bank's Egyptian Business
Middle East Business News - Published date: .
Discussions are ongoing and there is no certainty that a deal will be completed, Dubai-based Emirates NBD said Read more
How Did Lebanon's Economy Reach The Brink Of Collapse And Can It Recover?
Middle East Business News - Published date: .
Lebanon had racked up a debt equivalent to 170% of its GDP by the end of 2019 Read more
Lebanon Banks Tighten Withdrawal Caps, Sparking Outcry
Middle East Business News - Published date: .
Withdrawal limits differ from bank to bank, but have so far generally been capped at around $1,000 a month Read more
Lebanon Minister Warns Health Sector At Threat Over Dollar Shortage
Middle East Business News - Published date: .
Jamal Jabak urges central bank to release US dollars over a hard currency shortage limiting medical imports to the prote... Read more
Lebanon Banks Told To Boost Capital To Ease Growing Pressure
Middle East Business News - Published date: .
Banque du Liban said raising capital by $4bn would help banks 'confront the current situation and any future development... Read more
UAE, Lebanon Studied Projects During Hariri's Visit
Middle East Business News - Published date: .
Hundreds of thousands of Lebanese protesters have demanded the ouster of an entire political class they blame for endemi... Read more
UAE Is 'studying' Possible Aid To Lebanon After Unrest
Middle East Business News - Published date: .
While the UAE central bank hasn't agreed on specific details, it will 'study and make recommendations in light of the re... Read more
Lebanon Banks Reopen As Protests Ease
Middle East Business News - Published date: .
Large queues form outside banks from early morning and people rush in as soon as doors opened to cash in their salaries ... Read more