Bank Audi announced that Mr. Aristidis Vourakis, a Greek national, has submitted his resignation as Member of the Board and Deputy Group CEO, a position he has held since April 2017. Mr. Vourakis has decided to resign for personal reasons. Mr. Samir Hanna, Chairman and Group CEO, acknowledged the resignation of Mr. Vourakis and thanked him…
Cannes Lions launches 2020 Festival and announces changes
• The Festival reveals the 2020 Content Agenda, focused on eight industry-driven themes • The new Creative Business Transformation Lions are introduced, as well as a refresh to PR Lions 28 October 2019 – Cannes Lions launches the 2020 Festival by announcing the Content Agenda themes, alongside the launch of the Creative Business Transformation…
BLOMINVEST BANK Celebrates the Winners of the 2ndNational Virtual Stock Exchange Competition
BLOM BANK, October 15, 2019 – BLOMINVEST BANK celebrated the winners of the second edition of the National Virtual Stock Exchange (VSE) Competition and announced a new partnership with the Capital Market Authority (CMA) to help nurture an educated investor-base in Lebanon, on Thursday September 26, 2019 during a gala dinner held in Hilton Downtown…
BBAC and MIGA sign an agreement marking the first-ever issuance of MIGA’s capital guarantee in the MENA region
Beirut, October 14th, 2019: BBAC (Bank of Beirut and the Arab Countries) recently announced that MIGA (The Multilateral Investment Guarantee Agency), a member of the World Bank Group, has issued 67 million USD in guarantees to the bank to facilitate financing for Small and Medium–sized Enterprises (SMEs) by increasing its loan portfolio across BBAC branches…
THRILL OF JAGUAR’S GLOBAL ART OF PERFORMANCE TOUR ARRIVES IN LEBANON FOR THE THIRD TIME
Beirut, Lebanon – September 2017: Saad & Trad SAL, the exclusive retailer for Jaguar vehicles in Lebanon hosted Jaguar’s globally renowned The Art of Performance Tour on 27-28 September 2019. The global event allows Jaguar brand enthusiasts to experience Jaguar’s latest models through a set of unique and dynamic challenges and activities. Guests were able…
Credit Libanais opens a new branch in Ghazir
In line with the Bank’s expansion strategy, Credit Libanais announced the opening of its 72nd branch in Ghazir region, to further strengthen its presence in all the Lebanese regions and to better cater to the needs of customers. This new full-service branch, located in a vital area, will offer all of the Bank’s competitive…
Campbell GRAY Hotels appoints new Operations Director and creates new role of Area Manager, Beirut and Amman
Campbell Gray Hotels, the bespoke international hotel operator renowned for its luxury hospitality and design, has made two key appointments as it focuses on continued development and expansion, especially in Europe and the Middle East. Georges Ojeil is promoted to the new role of Area Manager, Beirut and Amman to oversee Le Gray, Beirut as…
SUPPORT LEBANON’S FEMINIST MOVEMENT: CALL TO ACTION
The feminist movement in Lebanon is strong, vibrant, and diverse. Feminist leaders in Lebanon have already driven significant strides in gender equality, including supporting more women in the labor force, pushing for a new law criminalizing domestic violence, and expanding access to sexual and reproductive health services across the country. This year, four women were…
BLOM PMI in Sept. 2019: Fastest Decline in Operating Conditions since June
September 2019 witnessed the fastest deterioration in the private sector’s business conditions in Lebanon. Economic growth in Lebanon was capped between 0% and 0.5% by Sept.2019, as indicated by the PMI level while inflation eased. The BLOM Purchasing Managers’ Index (PMI) shows private sector activity stalled at an average of 46.8 by Sept. 2019, capped…
EIB and Saradar Bank support Lebanese SMEs with a new 30 million Euros credit facility
The European Investment Bank (EIB) and Saradar Bank signed an agreement for a 30 million Euros line of credit to support investments of Lebanese small and medium enterprises in Lebanon. This operation is part of the Economic Resilience Initiative (ERI) which aims to mobilize funding for SMEs and promote private sector development in the region.…