Shelf Control: It’s Time for Lebanon to Make Prices Reasonable
War raises prices, traders raise them further, and Lebanon has the tools to stop it.
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Crude Contest: The Peril and Promise in Syria’s Oil Standoff
How the Damascus-SDF impasse over oilfield control could define Syria’s postwar recovery
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Stacked Against Her: Lebanese Women’s Uphill Struggle for Economic Equity
The systemic and deliberate way women are robbed of financial autonomy
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Sinking the Nation: How Lebanon’s Elite Offshored Their Loot
An analysis of the sprawling financial networks abroad Lebanese politicians and bankers created while steering their country toward disaster.
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Rewired Influence: Syria’s Power Crisis Invites Geopolitical Tug-of-War
Damascus must choose between foreign dependency and energy sovereignty in redeveloping its energy sector.
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Lebanese State-Owned Enterprises: Navigating Reform and Recovery
A roadmap for state-owned enterprises reform in Lebanon, emphasizing transparency, good governance, and rejecting the controversial ‘Sovereign Fund’ to steer towards economic stability.
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Bank of Beirut
Founded: 1963Total Assets*: US$12.09 billionCustomer Deposits*: US$9.62 billionRanking by Assets*: 7 (*as of Dec 31, 2021, ABL Almanac 2022, converted at LL1507.5/US$) Background Realty Business Bank SAL opened in 1963 and was renamed Bank of Beirut in 1970. In 1992, with just five branches operating in Lebanon, the company was purchased by a group of Lebanese bankers and […]
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Bankmed
Founded: 1944Total Assets*: US$15.53 billionCustomer Deposits*: US$11.64 billionRanking by Assets*: 5 (*as of Dec 31, 2019, ABL Almanac 2022, converted at LL1507.5/US$) Background BankMed SAL (formerly known as Banque de la Méditerranée SAL) was founded in 1944 in Beirut.1Diebold Nixdorf, ‘Bankmed Launches First Deployment Of DN SeriesTM In Lebanon’, accessed 13 March 2023, https://www.prnewswire.co.uk/news-releases/bankmed-launches-first-deployment-of-dn-series-tm-in-lebanon-835063702.html.↓ Today, the bank is closely associated with two-term […]
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Credit Libanais
Founded: 1961Total Assets*: US$9.09 billionCustomer Deposits*: US$6.78 billionRanking by Assets*: 9 (*as of Dec 31, 2021, ABL Almanac 2022, converted at LL1507.5/US$) Background Credit Libanais was founded in 1961 as a Lebanese joint stock company. The bank’s current Chairman-General Manager, Joseph Torbey, is a veteran of both the Lebanese financial and political scenes. His career in the banking sector includes […]
