Banking and Finance

Egyptians turn to Bitcoin amid coronavirus crisis

Soaring prices of cryptocurrencies, most notably Bitcoin, are tempting many unemployed Egyptians seeking to achieve quick gains, amid fears of Bitcoin being exploited to finance terrorism or illegal trade.

David Awad | Banking and Finance | sept. 25, 2020
al-monitor The photo shows a physical imitation of a bitcoin in Dortmund, Germany, Jan. 27, 2020. Photo by INA FASSBENDER/AFP via Getty Images.

Tehran Stock Exchange: The end of an illusion

Many Iranian investors have recently seen the value of their portfolios drop significantly due to governmental overregulation in times of market growth.

Ali Dadpay | Banking and Finance | sept. 10, 2020

Lebanon-IMF talks make little progress despite bank collapse

The Lebanese ruling elite is still bargaining over the economic reforms required by the International Monetary Fund, while the country’s economic situation continues to go downhill.

Mona Alami | Banking and Finance | sept. 2, 2020

Lebanon's central bank to take over banks that cannot boost capital

The central bank is giving Lebanese banks until February to increase their capital by 20% or give their shares to the government amid fears that people's deposits are at risk.

Al-Monitor Staff | Banking and Finance | août 30, 2020

IMF calls for Lebanon reforms, explores ways to assist Beirut

The International Monetary Fund, which began talks with Lebanon in May, called for critical economic reforms in the aftermath of the Beirut blast.

Al-Monitor Staff | Beirut explosion | août 7, 2020