Browsing: Business

On Monday, the Minister of Public Works and Transportation in Lebanon, Ali Hamieh, welcomed Vahagn Atabekyan, the Armenian Ambassador to Lebanon. During the meeting, the pair discussed bilateral relations between Lebanese and Armenians, as well as the newly established Armenian

In protest of judicial decisions against Fransabank, Credit Bank, Banque du Liban et d’Outre Mer, Bank of Beirut, Societe Generale, Bankmed, and Aoudi Bank, Lebanon’s banks went on strike for two days further exacerbating the beleaguered financial crisis in the

Riad Salameh, Lebanon’s central bank governor, was charged with illegal enrichment and money laundering during the country’s economic collapse. Investigative judge Ghada Aoun told the Mount Lebanon district court that she charged Governor Riad Salameh as well as his brother,

The financial collapse of Lebanon resulted in the shuttering of many depositors and the loss of more than 90% of the value of the local currency. According to a draft plan to fix a huge hole in the financial system,

Chairman of the Capital Market Authority (CMA), Shaikh Abdullah Salem al Salmi, approved on Thursday the licensing of the first crowdfunding platform operator in the Sultanate of Oman, Ethis Investment Platform LLC. It is the first Islamic global crowdfunding platform

Ihsan Abdul-Jabbar Ismail, the oil minister of Iraq, attended the International Petroleum Technology Conference (IPTC) in Saudi Arabia. Hosted exclusively by Aramco, the IPTC generated a lot of buzz with oil ministers from Iraq, Saudi Arabia, Egypt, Bahrain, the United

Banks in Lebanon are closing branches and laying off workers in droves, responding to the bleak reality of a crisis they are widely blamed for. The small country had a flourishing banking sector before facing a financial collapse that the

Prime Minister Najib Miqati said Friday that a new law for the ports, including the port of Beirut, is being prepared. He added, in a ceremony at the Grand Serail, that Beirut’s port must be rebuilt for it to attract

Rabee Securities is hosting a three-day event at the Iraq Pavilion at EXPO 2020 in order to showcase Iraq’s top technology start-ups. The most promising entrepreneurs in Iraq will present their ideas and interested parties will have a chance to

During a session held at the Baabda Palace, the Lebanon Cabinet approved the country’s state budget for 2022. At a press conference following the session, Prime Minister Najib Miqati said the budget is expected to generate revenues of LBP 39,000