Israel is not only targeting Hezbollah leaders and weapons but also its finances, those who run them, and access to foreign currency, piling pressure on its supporters in Lebanon's cash-based economy
While there are plenty of instances of zombie banks around the world, Lebanon stands out as the most extreme example of deliberate negligence and procrastination in banking reform
Lebanon's cash economy and money laundering have come under increased scrutiny. The banking sector is under intense pressure to comply or face serious consequences.
A new draft law designed to help reform banking in Lebanon and address distrust in the sector is full of loopholes—handy for those who might benefit. Meanwhile, the conflicts of interest remain.
Apple has clearly succeeded in penetrating traditional banking services, forging a new future for the sector. Al Majalla explains why banks and other financial service providers should be worried.
As seen with Russia, the exclusion from the world monetary system seems to be a favorite choice of western countries to combat hostile powers. In the past months, US, UK and EU announced the removal…
Standard Chartered Bank, a British banking and financial services company founded in 1969, started operation of its first branch in Riyadh, Saudi Arabia, around the middle of last May.
The Saudi…
In an interview with Al Majalla, the prominent French jurist discusses Israeli and Western duplicity, their violation of international law, and why Israel bears the cost of Gaza's reconstruction
Tehran's elite have few friends, but regional states fear the consequences of a disorderly transition. If Iran's 92 million people turn on one another, it could cause millions to flee abroad.
Going forward, the international community needs to reduce dependence on the US without upsetting the world's largest military and economic power. It will be a shaky tightrope to walk.
Scrapping foreign ownership caps and qualifying criteria will bring in more capital, with markets reacting positively to the latest reforms that build towards a more open country
Pressure builds on Venezuela after Trump appoints himself 'acting president'. With Colombia, Mexico and Cuba seemingly also in the line of fire, they will be closely watching what happens in Caracas.