Central Bank Gov. Riad Salameh said Tuesday that the prices of Lebanese sovereign Eurobonds picked up again following the formation of the new Cabinet. “Lebanon has overcome the difficulties of 2018, and calm has returned to our markets after the formation of the government. We have seen a rise in the prices of Eurobonds which […] Read more
Bank of Beirut Tuesday took further steps toward improving transparency by signing the Investors for Governance and Integrity Declaration. In a news conference held at the Four Seasons Hotel Beirut and in the presence of bank officials and media representatives, Bank of Beirut Chairman and CEO Salim Sfeir signed the agreement with Yasser Akkaoui, founder […] Read more
Central Bank Gov. Riad Salameh said Tuesday that U.S. dollars were being offered in Lebanon’s local market to buy Lebanese pounds in light of the formation of the new government. “Since the formation of the government, the dollar has been offered in the local market to buy pounds, and this restores the strength of national […] Read more
The Institute of International Finance said the new Cabinet needed to implement wide-ranging reforms and effectively combat corruption to achieve a higher GDP growth and unlock the pledged money from the CEDRE conference. The report gave two different scenarios to put Lebanon’s economy on the right track. “Given the uncertainty regarding the extent and depth […] Read more
