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Latest articles from Lebanon

Riad Salame teaser

Lebanon central banker looks to defy political and economic pressure

October 1, 2019

Lebanon's veteran central banker Riad Salame talks to The Banker about interest rates, bank compliance and consolidation in the country's financial sector. 

Fransabank teaser

Lebanon’s banks walk a tightrope

June 3, 2019

Lebanon’s banks are keeping their heads above water, but the country’s wider problems continue to pose a risk to its economic future. 

Lebanon Central Bank teaser

Day of reckoning approaches for Lebanon's economy

June 3, 2019

A combination of political paralysis and fiscal crises have brought Lebanon’s economy to its day of reckoning. 

Beirut teaser

Lebanon's economy remains on a knife-edge

June 1, 2018

Lebanon's economy has been underperforming in recent years, hit by political uncertainty and fears over the conflict in Syria. However, an injection of finance from a group of international donors, combined with excitement over oil and gas discoveries, provide some cause for optimism. James King reports.

Blom Bank teaser

Lebanese banks confound expectations – but for how long?

June 1, 2018

Lebanese banks have weathered punishing conditions, including a tough new tax regime. Technological innovations continue to drive progress, but as James King reports, structural economic flaws must be addressed if they are to continue to thrive. 

Blom Bank teaser

Lebanon's banks advance with caution despite impressive results

June 1, 2017

The environment in which Lebanon's banks have been operating has been challenging, meaning that despite their steady growth a backdrop of uncertainty is influencing policy. And they are also having to contend with a public backlash regarding profits from a central bank swap offer, writes Edward Russell-Walling.

Michel Aoun teaser

New president, new hope for Lebanon

June 1, 2017

The long-awaited election of a new president in Lebanon has been welcomed both at home and abroad. However, the political process in the country is still moving at a snail's pace, and issues such as the influx of Syrian refugees and an eye-watering debt-to-GDP ratio continue to loom large, as Edward Russell-Walling reports.

Riad Salamé teaser

Are Lebanon’s Salamé days coming to an end?

June 1, 2017

Long-serving governor Riad Salamé is coming to the end of his fourth term at the helm of the Banque du Liban, Lebanon's central bank. Speculation is rife about whether he will be replaced but, as he tells Edward Russell-Walling, the decision is out of his hands.

Lebanon limps onwards

Lebanese economy endures despite Syria civil war

June 1, 2016

Proximity to war-torn Syria is piling on the pressure for Lebanon, which faces plummeting tourist numbers and an influx of refugees. Yet the country's GDP continues to show modest growth, and offshore oil reserves wait to be tapped if the political will can be found. 

Riad Salame

Lebanon CBG continues to play starring role

June 1, 2016

The long-serving central bank governor of Lebanon, Riad Salamé, is a popular figure throughout the country, where he is widely seen as a steady hand amid an environment of political uncertainty. He talks to Edward Russell-Walling about his role in managing the Lebanese economy.

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