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Isolation vs Engagement: The Battle for Druze Identity
The Levantine community caught between al-Tanoukhi’s Legacy and the Zionist Project
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Adapt or Trapped: The Urgent Need for Climate Change Adaptation in Lebanon
Climate change could ruin Lebanon; adaptation must be central to any recovery plan.
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Cross Contamination: The Banking Interests Plaguing Public Office in Lebanon
The Alternative’s investigation of Lebanon’s banking sector reveals conflicts of interest behind the country’s financial and political masters
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Bank Audi
Founded: 1962Total Assets*: US$27.0 billionCustomer Deposits*: US$20.2 billionRanking by Assets*: 1 (*as of Dec 31, 2021, ABL Almanac 2022 converted at 1507.5 LBP/USD) Background From humble beginnings as an exchange house in Saida established in 1830 that extended credit to farmers,1↓Hicham Safieddine, Banking on the State: The Financial Foundations of Lebanon, Stanford Studies in Middle Eastern and Islamic Societies and […]
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Byblos Bank
Founded: 1950Total Assets*: US$17.24 billionCustomer Deposits*: US$13.2 billionRanking by Assets*: 4 (*as of Dec 31, 2021, ABL Almanac 2022, converted at LL1507.5/US$) History Businessman Semaan Bassil Sr. and his brother Youssef Melkan Bassil established Société Commerciale et Agricole Byblos Bassil Frères & Co. in 1950, renaming it Byblos Bank in 1963 after their city of origin.1‘Banks in Lebanon’, Ostamyy, accessed 01 March 2023, https://web.archive.org/web/20140328064540/http://www.ostamyy.com/banks/Lebanon.htm↓ […]
