Posted By
Najib
Jun 02, 2024 04:15
Banque de l'habitat is expected to finally start giving out loans to eligible candidates this month. This is what Antoine Habib, the bank's general manager, has confirmed a couple of weeks ago. The announcement is not on the bank's official website unfortunately because the website is down for maintenance. In regards to requirements, anyone who wishes to obtain a house loan, as an individual or couple: - must be Lebanese. - must have a monthly…
Posted By
Najib
Apr 07, 2024 04:27
A recent report by Lebanese newspaper Nidaa al Watan has revealed 45 highly irregular transactions between a brokerage company called Optimum and the Central Bank. The transactions took place between 2015 and 2018 and amounted to 8 billion dollars, where Optimum would acquire bonds from the Central Bank, then sell them back at a higher fictitious price to help the Governor cover up the central bank's losses by reporting these transactions as a profit. What's…
Economics
1 year ago
Alvarez & Marsal just completed its first preliminary forensic audit of the Lebanese Central Bank. The audit company was supposed to deliver its initial audit report in September 2022, but difficulties in collecting information and ...
Economics
1 year ago
Remittances continue to serve as a vital source of support for the Lebanese economy and Lebanese families as they amount approximately $6 to $7 billion per year. Despite the COVID crisis and the global recession ...
Baladi
2 years ago
Forbes published this year’s list of MENA’s most influential and successful businesswomen and four Lebanese women made it to the list. The ranking is based on several criteria including accomplishments achieved over the last year, ...
Critiques
2 years ago
If you’re still wondering how much it cost BDL to drop the lira exchange rate from 34,000 to below 20,000; the answer is $509 million dollars as reported by Megaphone News. This comes as part ...
Economics
2 years ago
Lebanon Central Bank governor spoke to AFP earlier this today and revealed that Lebanon needs approximately between 12 and 15 billion dollars to kickstart recovery. He also added that the official exchange rate is ‘no ...
Economics
3 years ago
When the economic crisis erupted in 2019, we still had 30 billion dollars left in the Central Bank. Two years later, we managed to waste 16 billion dollars and ONLY used 24% to back the ...
Economics
3 years ago
Lebanon’s Central Bank has reportedly received its share of the IMF’s new SDR allocation, totaling $860 million. SDRs are usually meant to help low-incoming and developing countries build reserve buffers and facilitate their recovery efforts, ...
Economics
3 years ago
EM Economist & Former and previous Director of the Geo-economics and Strategy Programme (GESP) Alia Moubayed shared some insightful figures this week on the surge in funds held by Lebanese in Swiss Banks since 2019. ...
