NEWS

Interview with Mr. Samir Hammoud Chairman of the Banking Control Commission of Lebanon (BCCL) https://www.youtube.com/watch?v=ltTFDeu0VpE

Morgan Stanley hails drop in deficit The Daily Star   BEIRUT: A leading international investment bank has hailed the Lebanese government’s reduction of the budget deficit in the first four months of 2019.“Global investment bank Morgan Stanley considered that the significant narrowing of Lebanon’s fiscal deficit in the first four [More]

Lebanon bank deposits expected to recover from dip: senior banker

By Tom Perry BEIRUT (Reuters) - Deposits in Lebanese banks are expected to recover from a dip in the first five months of 2019 as customer optimism returns after approval of the state budget, the chairman of the Association of Banks in Lebanon said on Monday. Salim Sfeir said deposits [More]

Lira T-bills and Beirut land outperform Dow Jones index

Investing in one-year treasury bills or a plot of land in Beirut over the last twenty years generates more returns than U.S. treasury bills and the Dow Jones Industrial Average (DJIA), according to a new article published in the July issue of Lebanon Opportunities. An initial investment of $100 in [More]

Trump’s first 100 days: This chart predicts a perfect storm of economic crises

President Trump, just like Barack Obama, entered office with great expectations and, in some cases, even greater promises. In his first 100 days, Trump has already had some high-profile setbacks — his two travel bans, which have been temporarily halted by two federal court judges, and his attempt to repeal [More]

This week’s Mutual Funds and ETF stories

Don’t miss these top money and investing features: Who is buying ETFs? Increasingly, mutual funds Active managers have a new favorite tool: passive funds Feeling bullish on the ETF industry? There’s an ETF for that Why gold isn’t the safe haven it’s cracked up to be Build your portfolio around [More]

Dollar advances vs. yen, retreats against euro for 2nd straight week

The dollar advanced against the yen on Friday, finishing with a weekly gain, after official data showed labor costs and U.S. economic growth improved modestly during the first quarter. However, the greenback’s slide against the euro extended to a second week as signs of a nascent economic recovery, and centrist [More]

Why gold isn’t the safe haven it’s cracked up to be

How much of gold’s recent strength is due to geopolitical worries about Syria and North Korea? Surprisingly little, as it turns out. You therefore may want to think again if you are betting on gold GCM7, +0.28% as a hedge against an escalation of geopolitical tensions. I know this advice [More]

Saudi Arabia losing oil market share to Iran

Saudi Arabia, the world’s biggest crude exporter, is losing market share to Iraq and Iran as a result of OPEC’s agreement to curb supplies to bolster prices, according to the head of research at Abu Dhabi Investment Authority. “If you’re talking about winners, you can count Iran and Iraq,” Christof [More]

London banks set to decide within weeks on Brexit moves

FRANKFURT/LONDON: As Britain prepares to negotiate its EU departure, a number of banks are likely to decide within two months where to set up new continental bases to make sure they can keep serving clients in the bloc after Brexit. The European Central Bank said it will host a meeting [More]

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