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Lebanon has picked former HSBC managing director, Karim Souaid, as its new central bank governor, to lead a policy overhaul and kickstart an economic recovery. Bloomberg's Paul Wallace reports on the reaction to the appointment plus a suspected US airstrike on Houthi-controlled areas in Yemen.
(Source: Bloomberg)...
Lebanon has named Karim Souaid as its new central bank governor. Souaid is the founder of Dubai-based private equity firm, Growthgate Partners, and has previously worked at HSBC. But Kim Ghattas, author of Black Wave told Bloomberg's Horizons Middle East and Africa host Joumanna Bercetche that many in Lebanon are disappointed by the appointment of a former banker.
(Source: Bloomberg)...
Lebanon selected Karim Souaid as central bank governor, picking a private-sector finance specialist to lead a long-delayed overhaul of the financial sector and kickstart an economic recovery....
Lebanon appointed BlackRock Inc. money manager Amer Bisat as economy minister, a key figure in a new government that will look to pull the cash-strapped country out of one of the world's worst financial crises....
Lebanon's international dollar bonds rally after Syria rebels oust Assad LONDON, Dec 9 (Reuters) - Lebanon's international dollar bonds rallied on Monday after rebels in neighbouring Syria ousted President Bashar al-Assad , fuelled by expectations the events could weaken Lebanese armed group Hezbollah and bring change to the country. The 2031 bond gained the most, up 0.75 cents to bid at 11.59 cents on the dollar, its highest level since April 2022, Tradeweb data showed....