Lebanon Economic Crisis
Lebanese Pound: The Most Undervalued Currency In The World
Middle East Business News - Published date: .
As political and economy chaos ensues, leading analyst says exchange rate needs sorting 'as soon as possible' Read more
Inflation Spirals Out Of Control As Lebanon Drowns In Excess Pounds
Middle East Business News - Published date: .
Local currency in circulation soars 137% as it loses 80% of its value amid ongoing economic crisis Read more
Revealed: How Real Estate Is Shining Through Lebanon's Economic Gloom
Middle East Business News - Published date: .
Real estate is the only economic sector in Lebanon that has shown growth in the first few months of 2020 Read more
Lebanon Unveils Port Blast Compensation Package For Beirut Businesses
Middle East Business News - Published date: .
President Michel Aoun signs a decree allocating 100 billion Lebanese pounds to the programme Read more
Banking Confidence, Exchange Rate Are Key To Lebanese Recovery, Says Banker
Middle East Business News - Published date: .
Central bank governor Riad Salameh has warned banks that cannot increase their capital by 20% by end-February 2021 will ... Read more
Lebanon's Inflation Nightmare Intensifies Amid Economic Crisis
Middle East Business News - Published date: .
Lebanon witnesses another dramatic inflation surge in August, deepening the misery of the country's growing number of po... Read more
Lebanese Bank Deposits Slump $15bn In 2020 As Confidence Sinks
Middle East Business News - Published date: .
Lebanese banks have signalled a $31 billion drop in deposits since early 2019, the largest drop for decades Read more
Lebanon Succumbs To The Highest Debt-to-GDP Ratio In The World
Middle East Business News - Published date: .
Beirut Port blast, coronavirus add up to an economic crisis which could see GDP fall from $55bn to $25bn in just two yea... 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
World Bank Cancels Loan To Fund Controversial Dam Project In Lebanon
Middle East Business News - Published date: .
Bisri Dam was partially suspended in June after the World Bank said it raised concerns about the project's implementatio... Read more
'Fix It Or Exit': The Stark Situation Facing Lebanese Banks
Middle East Business News - Published date: .
If Lebanese banks fail to increase their capital by 20% by the end of February 2021 they have to exit the market, says C... Read more
Byblos Bank Reports First Annual Loss Since 1963
Middle East Business News - Published date: .
'Dramatic factors' in Lebanon blamed for the $122m loss reported for 2019 Read more