Banking bulletins

Creative Powerhouse Semi Permanent Launches its First-Ever Middle East Festival in Abu Dhabi

Creative Powerhouse Semi Permanent Launches its First-Ever Middle East Festival in Abu Dhabi

Grammy and Oscar-winning Mark Ronson among the stars set to appear at biggest creativity and design festival in southern hemisphere , taking place in the heart of Abu Dhabi’s cultural hub Abu Dhabi, UAE – September 13th, 2021: The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), in collaboration with globally renowned

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

Virtual signing ceremony of Memorandum of Understanding (MOU) on Partnership between Union of Arab Banks (UAB) and World Savings and Retail Banking Institute (WSBI)

The Union of Arab Banks represented by Secretary General Mr. Wissam H.Fattouh , and the World Savings and Retail Banking Institute represented by Managing Director Mr. Chris De Noose have signed a memorandum of understanding (MOU) at a virtual ceremony on the 2nd of September 2021 , The two parties aim to jointly drive economic development

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

Meet Visa: Reintroducing the Iconic Visa Brand to Everyone, Everywhere in the UAE

Multi-year brand evolution highlights the power of Visa’s trusted global network, enabling modern money movement and expanding economic access UAE is one of the first markets globally to roll out the brand evolution, reflecting Visa’s commitment to the growth of digital commerce in the Emirates Dubai, United Arab Emirates, 1 September, 2021 – Inviting the world

“Cash Xpress” a New Service from Credit Libanais; Granting International Cardholders Access to Fresh US$ Bank Notes at BoB Finance Branches and other Touch Points

Credit Libanais in partnership with BoB Finance is proud to announce the launch of “Cash Xpress” a service that will allow any customer, holder of an “International” card or Credit Libanais’ “Fresh Money” cards to withdraw US$ fresh banknotes through the POS terminals available at BoB Finance premises as well as the Bank’s branches or

Meeting between BDL Governor and OMT Chairman

Statement on 26/08/21: Meeting between BDL Governor and OMT Chairman BDL Governor Riad Salame met today with OMT Chairman Toufic Mouawad to discuss media reports related to a draft circular stipulating the settlement of inbound money transfers in 50% USD and 50% LBP. Salame affirmed that said circular hasn’t been issued. Mouawad shared an overview

Visa Appoints Leila Serhan as Senior Vice President to lead operations across North Africa, Levant and Pakistan

Beirut (Lebanon), August 26 2021 – Visa (NYSE:V) today announced the appointment of Leila Serhan as Group Country Manager and Senior Vice President to lead its presence across the North Africa, Levant and Pakistan (NALP) region.  Ms. Serhan brings more than two decades experience of leadership positions, including 20 years gained at Microsoft. Ms. Serhan