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Lebanese banks could recover within 5 or 10 years with astute planning, finance expert says

  • In an exclusive interview with Arab News, George Kanaan, CEO of the Arab Bankers Association, said the main cause of the economic collapse was the incompetence of top bankers
  • The Lebanese pound has lost approximately 90 percent of its value during the economic crisis in the country and continues to tumble to record lows
By SARAH GLUBB ·

Standoff with Lebanon banks could derail IMF deal, minister says

By Reuters ·
Special

Financial crisis in Lebanon escalates as banks begin two-day strike

By NAJIA HOUSSARI ·
Special

‘We don’t know what will happen tomorrow’: Sri Lanka imposes longer power cuts as financial crisis worsens

By Roel Raymond ·

Vatican envoy accuses Lebanese politicians of profiting from country’s suffering 

By NAJIA HOUSSARI ·

Lebanon to start virtual talks with IMF next week

By Reuters ·

From academic to laborer: Afghan economic crisis spares few

By Reuters ·

Summit seeks ‘New Deal’ to ease Africa’s economic woes

By AFP ·

Latest updates

France’s Macron to meet Lebanon PM in Paris Friday: French presidency
France’s President Emmanuel Macron walks on the first day of an informal EU leaders’ summit in Brussels, Belgium. (File/Reuters)
Pakistan has pitched ‘epic menu’ of $30 billion investment projects to Riyadh — foreign minister
US, UK unveil sweeping sanctions on Iran’s drone program
An Iranian military truck carries parts of a Sayad 4-B missile past a portrait of supreme leader Ayatollah Ali Khamenei.
Israel bombs Gaza as Middle East tense after Iranian attack
A Palestinian carries a gas cooker as he walks amidst the debris of a destroyed building in the city of Nuseirat.
Pakistan expects to avoid rupee devaluation in new IMF talks — finance minister

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