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.
Gulf telcos Ooredoo, Wataniya post Q2 profit drops, Nawras soars
Qatar's Ooredoo reported a 11% drop in second-quarter profit as the telecom operator was impacted by the political situation in Iraq and start-up costs for its business in Myanmar.