Lebanese pound sees end of dollar peg

Lebanese pound sees end of dollar peg

May 07, 2020
By VIRGINIA FURNESS

The six exchange-rate system is now untenable, with the currency losing more than 50% of its value since October, but analysts say floating the currency will cause more pain without IMF support.

QIB’s Gamal warns of profit threat to every bank

QIB’s Gamal warns of profit threat to every bank

April 30, 2020
By VIRGINIA FURNESS

Profit pressure is a threat to every bank, says Qatar Islamic Bank’s group CEO Bassel Gamal, discussing how Qatar’s robust and well-capitalized banking sector is navigating the twin shocks of lower oil prices and coronavirus.