Lebanon Businessnews News
 
Finance

ACAL calls for compulsory insurance for tourism sector
Only ten to 15 percent of restaurants covered
FinanceArchive

$44 million in Bank Audi shares change hands
Cross-trade transaction an arranged deal, day’s share price unchanged
FinanceArchive

Bank Audi to double
Turkish subsidiary’s capital
"$1 billion investment," 50 to 60 branches, Odea is Audi’s biggest operation abroad
FinanceArchive

Bank Audi to double Turkish subsidiary’s capital
With $1 billion invested and up to 60 branches, Odea is Audi’s biggest operation abroad
FinanceArchive

Bankers fend off money-laundering allegations
Rating firms support sovereign outlook refuting claims of forged debt portfolio
FinanceArchive

Fitch affirms country's stable outlook & 'BB' rating
High per capita income, credibility of exchange rate system support creditworthiness
FinanceArchive

Insurance penetration highest regionally
Swiss Re: Lebanon fifth highest among Arab countries in premiums generated
FinanceArchive

Sovereign market faces money-laundering claims
Global financial firms urged to abandon their Eurobond holdings, rating firms asked to call off rating actions
FinanceArchive

Low yield on local debt curbs banks’ enthusiasm
“Reluctance to buy government debt has nothing to do with exposure to sovereign risks”
FinanceArchive

Former bank staffer accused of drug money laundering
Fenecia Bank denies connection to the actions of three-man drug ring
FinanceArchive

FFA revises down Solidere share valuation to $20
Tough two years ahead for Solidere as land sales revenues expected to dip
FinanceArchive

$26 million in Solidere shares change hands
Transaction classified as ‘cross trade’, not regular market activity
FinanceArchive

$67 million-headquarters for Credit Libanais in Adlieh
Bank's new HQ to be built to a green standard and will house all bank departments by 2014
FinanceArchive

SGBL to offer $19 million in loans to SMEs
Bank signs deal with EIB to finance small to medium projects across sectors
FinanceArchive

MoF to penalize violators of income tax procedures
A two percent fine on each invoice that does not identify the revenue source
FinanceArchive

BankMed eyes further expansion in Iraq
After opening its Baghdad branch this week, the bank is looking to open in Basra
FinanceArchive

MoF to appoint private tax collection firms
Interested firms should have $3.4 million in capital or more, 100 employees, and 24 local offices
FinanceArchive

Moody’s lowers outlook on top three banks
Agency downgrades credit rating for Audi, Blom, and Byblos by one notch
FinanceArchive

Fransabank deposits rise by 13 percent
Net profits drop to $22 million in first quarter on higher provisions
FinanceArchive

Banks to start capital upgrade from end-2012
We will meet Basel III capital requirements three years before deadline: Salameh
FinanceArchive
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