Cyprus takes control of Lebanese-owned bank
The Cypriot Central Bank took over the operations of the Lebanese-owned FBME Bank in Cyprus Friday, a day after the United States Treasury Department announced it was blacklisting FBME for alleged links to Hezbollah.
Privatization of Beirut bourse imperative to attract more investors
Beirut Stock Exchange should be privatized in an attempt to attract more investors and increase the platform’s activity, said the vice president of the Beirut bourse.
Spain evacuating embassy in Libya
Spain said on Thursday it was pulling its ambassador and embassy staff out of Libya temporarily as clashes among rival militia push the North African country further into chaos.