Middle East
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
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
The Man Seeking To Breathe New Life Into Lebanon's Manufacturing Sector
Middle East Business News - Published date: .
Alexandre Harkous aims to offer new platform to finance Lebanon's imports through his Cedar Oxygen initiative 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
Egypt Doubles Private Sector Funding As Coronavirus Crisis Continues To Bite
Middle East Business News - Published date: .
Analyst says the move is in keeping with the Egypt Central Bank's policy to bolster the economy during challenging times 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
Lebanese Insurance Industry Faces Up To Life After Beirut Port Blast
Middle East Business News - Published date: .
CEO of insurance major says industry will 'weather the storm' after damage is estimated at $15bn Read more
US Sanctions To Beirut Port Blast: Key Moments In Lebanon's Economic Downfall
Middle East Business News - Published date: .
Less than a decade ago, Lebanese banks were the crown jewel of the economy. Today they are in crisis. What went wrong? 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
$8.8bn Wiped Off Lebanon's Foreign Assets As Crisis Deepens
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Banker raises doubts over Central Bank's artificial minimum threshold Read more
Egypt Completes $2bn Financing Deal To Support Budget
Middle East Business News - Published date: .
Minister of Finance says Egypt is continuously diversifying its funding sources by tapping regional as well as Islamic s... 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
Strict New Rules Make Life Tough For Lebanese Retailers
Middle East Business News - Published date: .
Central bank imposes stricter requirements to open letters of credit to finance imports into the country Read more
Munich Re Among Reinsurers Exposed To 'major' Beirut Blast Loss
Middle East Business News - Published date: .
Property damage alone from the blast, which killed more than 150 people and triggered the collapse of Lebanon's governme... Read more
Egypt, EIB Plan Financing Worth $1.3bn For The Transportation Sector
Middle East Business News - Published date: .
Funding will go towards rehabilitating a tram line and a railway line in Alexandria and a line in Cairo's underground me... Read more