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Lebanon Business News

Dedicated to economic and business news on Lebanon, managed by the team of Lebanon Opportunities.

No new U.S. sanctions reported on banking sector. Banking and Parliamentary delegations return reassured

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A delegation of banking sector representatives who recently visited the U.S. have succeeded in convincing American officials to shield local banks from the fallout of any potential financial sanctions on Hezbollah, according to the Chairman of the ….
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Solidere to delist its GDRs from London Stock Exchange. Listing costs outweigh low trading volumes

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Solidere said it has asked to delist its Global Depositary Receipts (GDRs) from the London Stock Exchange (LSE) effective June 29, 2017, due to low trading volumes.

Given the GDRs limited liquidity, the costs and administrative burdens are di….
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NDU Koura campus ready to start courses. $17 million investment to increase student capacity to 3,000

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Construction work at the Barsa campus of Notre Dame University (NDU) in Koura has been finalized. It will open in fall.

Father Samir Ghossoub, Director of the NDU North campus, said: “The number of students exceeds 800, so expanding was a ….
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Riad Salameh mandate renewed unanimously. Governor of the Central Bank for the fifth time

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The Council of Ministers has unanimously reappointed for the fifth time Riad Salameh as Governor of the Central Bank (BDL). Governor since 1993, he was reappointed for a six-year term in 1999, 2005, and 2011.

Before his reappointment, Salame….
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EFG Hermes sells one more stake in Credit Libanais.

Egypt-based EFG Hermes announced it has sold an additional two percent in Credit Libanais as part of its decision to completely divest its 63.7 percent stake in the Lebanese bank.

Hermes, the largest listed investment bank in the Arab world, ….
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