The Lebanese Club of Visual Artists (CAPL) organised its collective exhibition entitled ” From Inspiration to Creation,” on Wednesday September 8 in the presence of the cultural attaché of the United States Embassy Mrs. Hermila Yifter, actor George Harran, actress Marwa Khalil and lebanese artist Patrick Khalil. The exhibition showcased the work of various lebanese…
Appointment of Me Oussama Salman at Bank Med
Bankmed S.A.L. announced the appointment of Me. Oussama Salman as Group General Counsel and Corporate Secretary as of 1 September 2021, after serving as Group Corporate Secretary, Attorney At Law since October 2018 Me. Salman is Board member at GroupMed insurance and reinsurance entities where he served as Group Chief Legal Officer (2010-2018). Me. Salman…
BLOM Lebanon PMI: Macro highlights – August 2021
For the month of August, President Michel Aoun and Prime Minister-designate Najib Mikati have met several times to agree on a new cabinet with no end result. However, as of last week, President expressed hope that a new cabinet will soon be formed with Prime Minister-designate Najib Mikati. As such, the Lebanese pound remained witnessed…
Merger of LIA Insurance s.a.l and Assurex Insurance and Reinsurance s.a.l
We are pleased to announce that LIA Insurance s.a.l and Assurex s.a.l have merged and united as one organization under the trade name of LIA Assurex s.a.l. The merger was approved by the Insurance Control Commission (ICC), within the Ministry of Economy and Trade on July 27, 2021. The coming together of two reputable insurance…
BLOM Lebanon PMI: Macro highlights – June 2021
According to the latest World Bank Lebanon Economic Monitor, “Lebanon Sinking: To the Top 3”, the economic and financial crisis is likely to rank in the top 10, possibly top 3, most severe crises episodes globally since the mid-nineteenth century”. In terms of numbers, the “World Bank estimates that in 2020 real GDP contracted by…
After DFSA approved FFA Private Bank (Dubai) Limited’s change of control, FFA Private Bank Group plans to relocate its headquarters to the Dubai International Financial Center (DIFC)
FFA Private Bank Group is strengthening its role as a regional player in the financial sector by relocating its headquarters to the Dubai International Financial Centre in accordance with its five year strategic plan which was approved by the Board of Directors and submitted to the Central Bank of Lebanon (BDL) in the fall 2020,…
Creating Sustainable Private Sector Employment New Benchmark Report by Executive Magazine in partnership with USAID
Executive Magazine, in partnership with the United States Agency for International Development (USAID) under the Lebanon Enterprise Development (LED) project, analyzed 5 productive Lebanese industries with the help of over 50 leading financial, business and policymaking stakeholders for revitalizing the job market and developing economic growth presented in a special report titled: “Economic Framework for…
BLOM Lebanon PMI: Macro highlights – May 2021
In the previous months, lockdown played a role in aggravating the economic and financial situation of the country; however, the easing of some measures and vaccine intake helped in reviving different sectors of the economy. Lebanon signed vaccine deals and reached almost 0.5M of the population end of May 2021. Moreover, as number of COVID-19…
L’ORÉAL PARIS UNVEILS AN EXCLUSIVE COLLABORATION WITH ELIE SAAB
IT’S A CREATIVE MEETING OF MINDS. SEAMLESSLY JOINING THE EXPERTISE OF TWO BRANDS WITH BEAUTY AND CRAFTSMANSHIP AT THEIR HEART, THE RESULT IS ONE EXQUISITE UNIVERSAL MAKEUP COLLECTION. Introducing L’Oréal Paris X ELIE SAAB; a modern mash up of elegance and power to create a makeup experience set to enthrall and empower. The inspiration behind…
BLOM Lebanon PMI: Macro highlights – April 2021
After a delay in government formation efforts, Lebanon’s economy is expected to contract further in 2021, in addition to drops in private consumption and exacerbating economic, exchange rate and debt crises. In the week ending April 29, 2021, lockdowns and curfews have been imposed on holidays which put additional pressures on the whole economy. Moreover,…