Chloe Domat, Author at Global Finance Magazine

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Features

Lebanese Banks Stand Tall Amid Uncertainty

The Lebanese economy was hit hard in recent years, mainly by spillover from Syria’s crisis. However, the financial sector has proven resilient and domestic political stability offers renewed prospects for growth.

Features

Q&A with Freddie Baz, Bank Audi

Doing business in Egypt and Turkey is not for the fainthearted. Bank Audi’s vice chairman and group strategy director says success in these markets is about being able to absorb short-term shocks.<br />

Features

Q&A with Saad Azhari, Blom Bank

Regional political and economic uncertainty has not impeded Lebanese banks’ expansion into countries such as Jordan, Egypt, and even Iraq, says BLOM Bank’s chairman and general manager.

Capital Raising & Corporate Finance

Tunisian Bank Receives ISO 27001 Certification

Capital Raising & Corporate Finance

More Bank Mergers In The Gulf

Gulf countries are encouraging local banks to merge and several have done so. In the UAE, National Bank of Abu Dhabi and First Gulf Bank are in the process of creating the largest bank in the Middle East.

Capital Raising & Corporate Finance

Morocco Opens To Islamic Finance

The Kingdom of Morocco now allows participative finance. On January 2 the central bank, Bank Al-Maghrib, issued authorizations for five banks to begin commercializing shariah-compliant products and services.

Capital Raising & Corporate Finance

UAE Bank Going Digital-Only

In early 2017 the Commercial Bank of Dubai will launch CBD NOW, the UAE’s first digital-only bank. The new bank is based entirely online and will offer all the services a regular bank does.

News

Lebanon: New Leaders Seek To End Economic Agony

After two years of a political vacuum, Lebanon finally elected Michel Aoun president. Under the constitution, however, the head of state has little power, and his election sparks little hope.

News

Arab Banks Struggle to Maintain Correspondent Relationships

According to a recent IMF, World Bank and Arab Monetary Fund report, 40% of Arab banks are experiencing “a significant decline” in the scale of correspondent banking relationships. The report shows 167 terminated accounts in 2015 compared to 71 in ...

Capital Raising & Corporate Finance

Lebanon’s Central Bank Pledges $600 Million For Start-Ups

Beirut aims to become the number-one hub in the Middle East for young entrepreneurs, sothe Lebanese Central Bank recently added $200 million its 2013 promise to guarantee $400 million in investment in the knowledge economy.