After a week-long closure in protest of holdups by depositors demanding access to their savings, Lebanese banks will resume operations on Monday. Saying every bank will decide its own channel for banking
More
According to local press sources, an armed man entered a bank in Al-Aziyah, southern Lebanon, on Friday and demanded the recovery of his savings money under threat of force. An official news
More
Egyptian President Abdel Fattah el-Sisi’s office stated on Wednesday that, more than a year before the completion of his second term, Sisi accepted the resignation of central bank governor Tarek Amer and
More
A Lebanese gunman stormed the Federal Bank of Lebanon in the middle of Beirut on Thursday and grabbed an unknown number of hostages. According to a report by the local TV channel,
More
The employees of Lebanon’s central bank have begun a three-day strike in response to an effort to arrest the bank’s governor by a prosecution judge. Judge Ghada Aoun, who on Tuesday authorized
More
On Wednesday, after Egypt’s Central Bank (ECB) raised its main interest rate and devalued the currency by 14 percent, the Egyptian pound slipped further against the dollar. In order to combat inflationary
More
To bolster the value of the Lebanese pound, Lebanon’s central bank said on Friday that it will relax limits on dollar purchases. The currency had just set a record low, igniting new
More