Areeba’s Campaigns Promoting a #Cashless Culture in #Lebanon

It goes without saying that non-cash payments are on the rise worldwide and I've witnessed that first hand ever since I moved to Montreal back in December. In fact, after enabling Apple Pay and installing most of the loyalty programs on my phone, I didn't even need to carry my wallet around anymore. All you need is your smartphone and a credit card when paying large amounts and that's about it. Back in Lebanon, the…

Moody’s Downgraded Lebanon’s Credit Rating To Caa1

Mabrouk! We're three spots away from the lowest ranking awarded by Moody's. Yesterday, Moody's Investors Service has downgraded the Government of Lebanon's issuer ratings to Caa1 and changed the outlook from negative to stable. Here's why we got downgraded AGAIN! Moody's decision to downgrade the ratings to Caa1 reflects the heightened risk that the government's response to increased liquidity and financial stability risks will include a debt rescheduling or other liability management exercise that may…
Business

Latest Central Bank Circular: All Money Transfers from Abroad to be Paid out in LBP

5 years ago
Lebanon’s Central Bank issued a circular yesterday stating that all electronic money transfers from abroad be exclusively paid out in Lebanese pounds, in an attempt to limit the outpour of US dollars. The circular does ...
Business

The McKinsey Report for #Lebanon is Out!

5 years ago
The Ministry of Economy has uploaded the McKinsey full report entitled “Lebanon Economic Vision” on its website. It’s a 1274 pages long report with a long and comprehensive executive summary of around 150 pages. You ...
Business

Facebook appoints Lebanese Ramez Shehadi as its managing director for the MENA region

5 years ago
In a press release issued on November 20, Facebook has announced the appointment of Lebanese Ramez Shehadi, as its managing director for the Middle East and North Africa (MENA) region. Shehadi has been an outstanding ...
Business

World Bank Urging Lebanese Authorities To Form Government, Implement Reforms

5 years ago
We have the world’s third largest public debt-to-GDP ratio, fiscal and electricity reforms, which are seen as priorities ,are not in place yet; inflation is the highest in five years, projection for 2018 real GDP ...
Business

Around 50% of Gas Stations in #Lebanon Don’t Have a License

5 years ago
The Syndicate of Gas Station Owners estimated the number of unlicensed gas stations in #Lebanon to be around 1,500, out of 3,000 gas stations across the country. “Less than half of the gas stations are ...
Business

Inflation at 7.6%, Highest Level in Five Years in #Lebanon

5 years ago
The Consumer Price Index is still on the rise in Lebanon, standing at 7.6% in July which is the highest recorded level in the past five years. Food and non-alcoholic beverages prices rose by six ...
Business

List of Donors at the #CEDRE Conference

5 years ago
Lebanon received more than $11 billion between loans and grants at the CEDRE conference last week, in a bid to support development projects and reforms in the country. We were looking for investments between $16 ...
Baladi

EBRD Injects Confidence in Lebanese Financial Sector with Acquisition of 2.51% of Bank Audi’s Total Common Shares

6 years ago
These days, most of the news surrounding Lebanon’s economy and financial sector are dire warnings for a Greece-like meltdown in Lebanon, the world’s third most indebted country. This is why the European Bank for Reconstruction ...
OlderNewer