FAO and WFP warn war worsens acute food insecurity
Families curtail number of meals and buy lower-quality foods
Foreign currency reserves dropped by $400 million
First decline since July 2023, offset by rise in Gold reserves
$8.5 billion in war damages and losses
World Bank estimates that final tally will be much higher
Grey-listed post failing a one-year grace period
No effect on correspondent banking
InfoPro survey: War fallout impacting employment and pay
Major drop in sales affecting more than half the businesses
$1 billion in aid pledged at Paris international conference
$800 million for humanitarian needs and $200 million for security forces
GDP to shrink by nine percent as per UNDP’s rapid appraisal
Unemployment to rise to 33 percent
Bank Audi sells Odeabank in Turkey
Buyer is Abu Dhabi’s ADQ
Solidere and bank shares up as lollar is losing more value
Low trading volume
Private sector issues demands from government
Action needed to preserve scarce liquidity
Leurobonds up 35 percent due to buying by Goldman
HSBC sees a ‘Change Moment’ behind the rally
$372 million in aid so far being pledged
Countries and organizations also providing in-kind assistance
Fondation CMA-CGM supports NGOs and int’l organizations
Food, blankets, and medical supplies
$250 million loan for renewable energy
Financed by World Bank for the Litani River Authority
Car loans offered by BLOM and Audi
For new cars at yearly seven percent flat over five years
S&P predicts more lira collapse but data shows monetary strength
Dollar reserves are 16 times local money in circulation
BDL cancels financial engineering lira accounts
Equivalent to an estimated $1.5 billion in current value
Fresh dollar deposits increase to $4.2 billion
BDL’s liquid foreign reserves grow by $1.1 billion
Restaurant sector spiraling following a stellar growth
Security escalation has caused sudden sharp drop
MAN Enterprise gets $15 million loan from IFC
To grow operations and enter new markets