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SGBL Inaugurates New Branch in Hazmieh-Mar Takla

Societe Generale de Banque au Liban (SGBL bank) has announced the inauguration of its new branch in Hazmieh-Mar Takla, which has opened its doors to welcome customers in a “new and comfortable space like the new SGBL branches.”

The opening took place in the presence of the Executive Management of the bank, personalities, customers, traders and residents of the region.

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Global Economy Chiefs Told to Reform while Going is Good

Finance chiefs from around the world have been warned to get their houses in order while the global economy is strong and to be ready for possible shocks in the future.

World Bank President Jim Yong Kim and International Monetary Fund Managing Director Christine Lagarde said that countries must address their mounting debts and deepening inequalities now, before possible setbacks that could come as the era of cheap money from major central banks nears an end.

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China's Imports from North Korea Fall as Trade with World Surges

China's imports from North Korea fell for the seventh month in a row, official data showed Friday, after Beijing vowed to apply U.N. sanctions to pressure Pyongyang over its nuclear and missile tests.

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Russia Puts Crimea on New Bank Note

Russia on Thursday presented a new bank note that shows images of Crimea, the Ukrainian peninsula annexed by Moscow in 2014.

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Germany 'Not Ready' to Sell Commerzbank Stake

Berlin has no plans to sell its stake in Commerzbank, an anonymous government source told newspaper Die Welt Thursday, belying reports a merger could be on the cards for Germany's second-biggest lender.

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Cartel Holds the Cards in Oil Market

OPEC and its allies have regained some control over the oil market as their production limits have eroded the supply glut that caused prices to plunge, but the IEA warned Thursday further restraint is needed if this balance is to be maintained. 

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Lufthansa to Swallow Lion's Share of Air Berlin

Years of struggle for Germany's second-ranked airline Air Berlin appeared close to an end Thursday, as airborne behemoth Lufthansa announced plans to buy more than half the bankrupt carrier's planes.

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Despite Strains, Turkey's Wine Industry Refuses to Wither

On the verdant, fertile Gallipoli peninsula in northwest Turkey, headscarf-clad women in colorful clothes harvest grapes in the blistering late summer heat.

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Brexit 'Cloud of Uncertainty' Hits UK Economy

Britain's consumers and businesses are holding back from spending owing to uncertainty surrounding Brexit negotiations,  the country's finance minister said on Wednesday.

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Madrid Stock Market Jumps on Easing Catalan Crisis

Madrid stocks rallied Wednesday after Catalan leader Carles Puigdemont called for independence to be suspended to allow for talks with the Spanish government, dealers said.

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