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.
France says evacuating nationals in Libya
France temporarily closed its embassy in Libya on Wednesday and is evacuating its nationals there due to the worsening security situation, the French Foreign Ministry said.