Author Archives: Michele Hobeika

Bank Audi sae (Egypt) announces the success of the negotiations of acquiring the Branch of the National Bank of Greece in Egypt, pending the final approval of the Central Bank of Egypt

Beirut and Cairo, May 5, 2019 Bank Audi sae (Egypt), a fully-owned subsidiary of Bank Audi sal (Ticker: Audi.BY), announced that, on the 2nd of May 2019, it entered into an agreement with the National Bank of Greece for the acquisition of the banking operations of its Egyptian Branch. The transaction is structured as a

Expo 2020 Dubai tickets to offer great value access to a spectacular world of discovery, innovation and entertainment

Organisers reveal prices for single-day and three-day tickets at Arabian Travel Market in Dubai Concessions for youth, seniors, students, people of determination ensure an Expo for everyone Expo 2020 will be an F&B destination in its own right with more than 50 global cuisines to enjoy DUBAI, May 2 2019 – Great value ticketing at

Byblos Bank Announces Financial Results for First Quarter of 2019

USD Million Q1 2018 Q1 2019   Net Profit 28 27 Total Assets 23,086 25,366 Customer Deposits 18,134 18,505 Net Advances to Customers 5,523 5,310 Total Equity 2,185 2,229 Net Interest Margin 1.38% 1.12% Operating Expenses/Average Assets 1.06% 0.94% Offshore Foreign Currency Liquidity/ FCY Customer Deposits                                      15.20% 16.23% Loan Provisioning Coverage Ratio 86.07% 88.97%


April 18, 2019 – L’Etoile Properties and SFO Group (“SFO”), a multifamily office focused on global real estate investments, announced their acquisition of a prime office building located on the prestigious Avenue Hoche in Paris, France. The property sits at the heart of the Paris Central Business District (“CBD”), at a walking distance from the

Bank Audi and the UNDP Launch the Moto Ambulance Project in Partnership with the Ministry of Interior and Municipalities and LBCI

In partnership with the Ministry of Interior and Municipalities and LBCI, Bank Audi and the United Nations Development Program (UNDP) have announced the launch of the Moto Ambulance project pertaining to the Directorate General of the Lebanese Civil Defense. Heavy traffic in our main cities being the main barrier to the quick and efficient arrival