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SUBMIT NEWS
Finance
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
Credit Libanais in Erbil
Bank to launch another branch in Baghdad in July
FinanceArchive
Moroccan group to acquire LIA Insurance
Bank Audi to sell 81 percent of its insurance firm to Saham Finances
FinanceArchive
Local banks' assets grow
Deposits grow slightly, reach $120 billion at end March 2012
FinanceArchive
Iraqi bank eyes Beirut expansion
Trade Bank of Iraq to focus on promoting bilateral trade
FinanceArchive
BEMO profits down by half
Bank’s assets steady at around $1.5 billion, net income dips to $1.5 million
FinanceArchive
Byblos profits inch upward
Total assets reach at $16.8 billion in first quarter
FinanceArchive
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