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.
Islamic State video wages psychological war on Iraqi soldiers
Islamic State, the al Qaeda spin-off that seized wide swathes of Iraq almost unopposed last month, has released a video telling Iraqi soldiers who may still have some fight in them that they risk being rounded up en masse and executed.