Lebanese Banks Stand Tall Amid Uncertainty

The Lebanese economy was hit hard in recent years, mainly by spillover from Syria’s crisis. However, the financial sector has proven resilient and domestic political stability offers renewed prospects for growth.   

Q&A with Freddie Baz, Bank Audi

Doing business in Egypt and Turkey is not for the fainthearted. Bank Audi’s vice chairman and group strategy director says success in these markets is about being able to absorb short-term shocks.

Q&A with Saad Azhari, Blom Bank

Regional political and economic uncertainty has not impeded Lebanese banks’ expansion into countries such as Jordan, Egypt, and even Iraq, says BLOM Bank’s chairman and general manager.

A New Economic Reality: Oil And Gas

Is Lebanon about to become the Middle East’s next oil and gas producer? After years of political deadlock, the government is about to reopen bids for offshore hydrocarbon exploration.

More Bank Mergers In The Gulf

Gulf countries are encouraging local banks to merge and several have done so. In the UAE, National Bank of Abu Dhabi and First Gulf Bank are in the process of creating the largest bank in the Middle East. 

UAE Bank Going Digital-Only

In early 2017 the Commercial Bank of Dubai will launch CBD NOW, the UAE’s first digital-only bank. The new bank is based entirely online and will offer all the services a regular bank does.