AGP Executive Report
Last update: an hour agoFinancial Compliance: Lebanon remains on the FATF grey list, with 10 requirements still to meet, while a proposed 15% capital requirement is complicating bank restructuring. Energy and Investment: Electricity cuts to public institutions over unpaid bills highlight pressure on the power sector; talks with Qatar on an energy proposal have made progress. Business Moves: Fintech company Whish Money has opened its first Canadian flagship store in Montreal, extending its remittance services abroad. CoinHub has also launched in Lebanon as interest in buying and selling coins grows. Corporate Outlook: Al Habtoor Group’s board approved the sale of all its assets and investments in Lebanon, a notable retreat from the market. Lebanon and Algeria have also discussed expanding economic cooperation, particularly in investment.
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