Syria Conflict Prompts Lebanon Central Bank Action

Lebanon’s central bank is preparing a stimulus package to revive growth in an economy hit by armed conflict in neighboring Syria, the country’s central bank governor said. Riad Salameh said in an interview with Dow Jones Newswires that the Bank of Lebanon is putting the finishing touches to a

Salameh rang the opening bell at London Stock Exchange

Lebanon’s Central Bank Governor Riad Salameh opened on Monday the trading session when he rang the opening bell at The London Stock Exchange, National News Agency ( NNA ) reported. Salameh headed a delegation to promote investments in Lebanon under the slogan “Lebanese capital markets day” which is being held for the first time

Salameh says growth in economy will be negative in 2013

The “An-Nahar” daily was able to obtain a copy of the presentation that Lebanon’s Central Bank bank governor Riad Salameh made to the cabinet last week in which he warned of the consequences of the increases in salaries and ranks and stressed that the growth of the economy will be negative in 2013 and that […]

Iran may not be able to print enough Rials

Western economic sanctions imposed on Iran over its disputed nuclear program have severely depressed the value of its national currency, the rial, causing higher inflation and forcing Iranians to carry ever-fatter wads of banknotes to buy everyday items. But the sanctions also have presented a new complication to Iran’s banking authorities: they may not be […]

Qatar tells Mikati is committed to Lebanon economy

Qatar PM said yesterday that it was ready to respond to any suggestions to help improve the Lebanese economic and political situation. During a joint press conference with visiting PM Najib Mikati, Prime Minister and Foreign Minister Sheikh Hamad bin Jassim bin Jabor al-Thani said that Qatar had a moral commitment to help Lebanon