JTB inaugurates the First Branch for Financial Inclusion in Lebanon

Jammal Trust Bank s.a.l. (JTB) inaugurated its first “Infinite Branch” for Financial Inclusion in Sohmor village, West Bekaa, Lebanon, on Tuesday December 18, under the patronage of The Governor of Banque du Liban, Dr. Riad Salameh, represented by his First Vice-Governor Mr. Raed Charafeddine, in the presence of the Chairman and CEO of Jammal Trust Bank, Mr. Anwar Jammal.Mr.

Air Arabia reports strong first quarter net profit of AED114 million, up 34%

  • Results exceed analyst expectations
  • Turnover increases 7 percent to AED946 million
  • Passenger numbers up 17 percent to 2.1 million 

Air Arabia PJSC today reported strong financial results for the first quarter of 2016 exceeding analyst expectations as the Middle East’s first and largest low cost carrier continued to deliver outstanding performance and attract new customers.

Air Arabia shareholders approve nine percent cash dividend at Annual General Meeting

Assembly approves 2015 report of auditors, Board of Directors report and annual accounts

  Air Arabia shareholders today approved the distribution of a nine percent cash dividend for the 2015 financial year at the company’s Annual General Meeting (AGM) in Sharjah. The dividend, which is equivalent to 9 fils per share, reflects another year of healthy growth and strong profitability for the Middle East and North Africa’s first and largest low-cost airline.

ASDA’A Burson-Marsteller named PR Agency of the Year in the Middle East and Africa, collects a record ten International Business Awards

EIB and Fransabank renew support for SMEs in Lebanon with EUR 45 million credit line

The European Investment Bank (EIB) has granted a EUR 45 million to Fransabank to finance the investment projects of SMEs (firms with up to 500 employees). The EIB funds will be earmarked for financing projects in the sectors of industry and agro-industry, health, education, high knowledge and services.

This is the EIB‘s fifth transaction with Fransabank under its policy of supporting the economic development of small and medium-sized companies in order to foster economic recovery and job creation in Lebanon.