Search Results for: Lebanon
Lebanon to launch digital currency in 2021, central bank governor says
November 16th, 2020
The plan as part of a broader effort to fight a parallel economic and financial crisis that has engulfed the country, according to CoinTelegraph. The country’s central bank has been pondering over the idea of a state-run digital currency ...
Lebanon puts temporary ban on taking large sums of dollar cash out of country: NNA
October 29th, 2019
A Lebanese state prosecutor on Sunday banned traders and money exchangers from taking significant amounts of physical dollar currency out of the country at air and land borders, state news agency NNA said. The order, which it said was ...
Lebanon prepares to launch digital currency
December 7th, 2018
Lebanon’s Banque du Liban governor, Riad Salameh, said that preparations were underway to issue a digital currency in the Lebanese pound, to be used locally only. In comments made at the opening of the Anti-Cybercrime Forum in Beirut, Salameh ...
Cyprus, Lebanon, Egypt, and Israel are issuing a new series of natural gas exploration licenses
August 25th, 2016
The major natural gas reservoirs that have been discovered off the Mediterranean shores in recent years have made the region a focus of international interest. The past few months have been especially lively, with Lebanon, Egypt, Cyprus, and Israel ...
Lebanon is the new rival seen in Mediterranean Gas race
July 7th, 2016
Lebanon parliament likely to pass energy bills soon: lawmaker Dispute ended over offshore energy blocks to be awarded Lebanon may soon approve measures to push ahead with a stalled first auction of offshore oil and natural gas rights, ending ...
Lebanon declared that Tax data to be shared with foreign states in 2018
May 23rd, 2016
Automatic exchange of financial account information to be handled by specialized agency Lebanon has declared its commitment to the international standard of automatic exchange of financial account information, which aims to combat tax evasion and avoidance, according to a ...
Bankers: Lebanon won’t drop banking secrecy
March 27th, 2015
Lebanon will not abandon its banking secrecy law but will continue to cooperate with the United States and other nations in the exchange of tax information and the fight against money laundering, leading bankers said Thursday. “Lebanon has no intention to abandon ...
OECD: Strong progress seen on international tax transparency
July 4th, 2017
Tax evasion continues to challenge governments in developing and developed countries alike, depriving them of resources that would otherwise be available to support sustainable development through investments in infrastructure, health and other common goods. While globalisation has brought many ...
How natural gas could be a geopolitical game-changer in the Mideast
May 15th, 2017
It’s a discovery that could easily shake up the geopolitical order in the Middle East. Deep under the eastern Mediterranean lies the largest natural gas basin ever found on Europe’s doorstep. But the gas fields often coincide with disputed ...
Fintech in the Middle East and North Africa is booming
April 20th, 2017
Fintech startups in the Middle East and North Africa have raised $100-million over the last decade, yet 28% fail in their initial years, says a new report by business support organisation Wamda and online payment gateway Payfort. Released last ...
