Lebanon economy
Lebanons Cash Economy Surge Drives FATF Grey-listing Concerns
Middle East Business News - Published date: .
The development adds another layer of complexity to Lebanon's ongoing economic challenges, potentially deterring much-n... Read more
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
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
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
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
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
$8.8bn Wiped Off Lebanon's Foreign Assets As Crisis Deepens
Middle East Business News - Published date: .
Banker raises doubts over Central Bank's artificial minimum threshold 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
Half Of Lebanese Could Face Food Shortages: UN
Middle East Business News - Published date: .
Government priority must be given to rebuilding silos at Beirut port, says UN Economic and Social Commission for Western... 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
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
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