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Nassib Ghobril named Banque du Liban chief economist
Plus: Vasilis Hadjiaslanis tapped as Middle East general manager for Deliveroo
The IMF wants Lebanon’s Financial Gap Law to hold the line on hierarchy of claims, but the Central Bank wants carve-outs
The longer the standoff runs, the more the losses keep landing on depositors and taxpayers while the banks clean up…
Lebanon hopes for IMF agreement as financial gap law becomes the last obstacle
A full IMFpackage hinges on parliament passing the financial gap law, but there’s no vote scheduled yet
EBRD trims MENA growth on Hormuz and war, but lifts Morocco and Tunisia on the drought’s end
Egypt and Jordan take small hits but keep growing, while Iraq and Lebanon see their contraction forecast accelerate
Lebanon scraps import fee hike weeks after introducing it amid price pressures
The scrapped fees come despite Beirut’s fiscal position deteriorating
Lebanon raises bread prices as fuel costs pile pressure on MENA’s net energy importers
Net energy importers from Beirut to Cairo are running out of room to absorb fuel-price shocks
IMF wants independent administrators running Lebanese banks during losses assessment, but Beirut is hesitant
PLUS: UAE lobbies to come off travel warning lists as Dubai tourism posts its sharpest rebound since the Iran war
Lebanon’s PCH eyes USD 100 mn to restart subsidized mortgages at rates below Gulf-funded lender
Public Corporation for Housing stopped taking applications in 2019
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