SGBL and Mastercard signed a partnership agreement with La Sagesse Beirut Sports Club. The signing took place in the Veterans Building of Collège La Sagesse in Achrafieh, in the presence of SGBL’s Executive Management, Mastercard Senior Representatives, the management and teams of La Sagesse Club, the schools and university directors, alumni and parents, as well…
Saxo Bank: US Dollar in the spotlight as world awaits the market reaction to Trump’s protectionist policies
Saxo Bank’s Head of FX Strategy says a continuation of the recent US dollar strength will pressure countries across the Middle East The loud proclamation of US President Donald Trump’s inauguration speech to support protectionist measures has strong potential to be US-dollar supportive, however there are real fears that his “America First” strategy could lead…
2017 MENA Retail Insights: What’s In Store for the Sector? By Danny Karam, Vice President at Booz Allen Hamilton MENA
An unstable global economy, fraught with geopolitical uncertainty, left many wondering if retailers in the Middle East and North Africa (MENA) would struggle to turn a profit in 2016. Yet, just as challenges have come to characterize the region’s business landscape, so too have a wealth of technological advances that are rapidly changing the regional…
Barclays Reinforces Wealth and Investment Management team servicing MENA
Barclays’ strong growth ambitions throughout 2017 Barclays announced today the appointment of three new senior bankers in its Wealth and Investment Management division for Middle East and North Africa (MENA). Antoine Roger Chemali and David Stephan both join Barclays Wealth and Investment Management division as directors, while Owen Dayson joins as a Vice President. All…
Byblos Bank/AUB Consumer Confidence Index: Political Breakthrough lifts Consumer Confidence in Fourth Quarter of 2016
Byblos Bank Headquarters, January 18, 2017: Byblos Bank issued today, in cooperation with the Olayan School of Business at the American University of Beirut, the results of the Byblos Bank/AUB Consumer Confidence Index for the fourth quarter of 2016. The results show that the Index increased by 3.5% in October, grew by 2.2% in November…
LGB BANK achieves a Remarkable financial performance and a balanced record growth for 2016
Net profit growth of 15.6% reaching $ 53 Billion Lebanese Pounds Assets growth of 14.9% reaching $ 6.193 Billion Lebanese Pounds Customer deposits growth of 14.6% reaching $ 5.367 Billion Lebanese Pounds Equity growth of 9.4% reaching $ 528 Billion Lebanese Pounds Beirut, January 18, 2017: LGB BANK, part of the Lebanese Alpha banks, recently…
SGBL and L’Orient-le Jour reward the winners of Génération Orient
Six months after the launch of Génération Orient the cultural project, a partnership between SGBL and L’Orient-le Jour, the closing of the first season and the awards ceremony took place at the O1NE in the presence of the artists and a large audience. Painter Hala Ezzedine was handed the 1st prize from SGBL’s Deputy CEO…
Union of Arab Banks concludes the 21st session of the annual Arab Banking Conference “Lobbying for Better Arab – International Banking Cooperation”
Beirut, November 25, 2016: Union of Arab Banks concluded the 21st session of the annual Arab Banking Conference titled “Lobbying for Better Arab – International Banking Cooperation”, on Friday November 25, 2016 at Phoenicia Hotel, Beirut, in the presence of His Excellency Mr. Amr Moussa, Former Secretary General of the League of Arab States and…
Creditbank and Mastercard Launch Combo Card with Dual Debit and Credit Functionality
Unique product introduced as a first of its kind payment card in Lebanon and the region Beirut, Lebanon, November 15, 2016: Creditbank s.a.l. in collaboration with Mastercard, a leading technology company in the global payments industry, recently announced the launch of a unique Mastercard Combo Card that can be used as both a credit and…
Saxo Bank appoints Ashok Kalyanswamy as Chief Information Officer
Saxo Bank, the investment and trading specialist, has today announced the appointment of Ashok Kalyanswamy as Chief Information Officer (CIO) and a member of its Executive Team. The appointment follows Ashley Latham’s decision to step down as CIO. Kalyanswamy joins Saxo Bank with over 20 years of experience working in various senior technology positions at…