Bank Of Beirut S.A.L.
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Bank Of Beirut S.A.L.
Bank of Beirut (Arabic: بنك بيروت, not to be confused with Bank of Beirut and the Arab Countries) is a commercial bank in Beirut, Lebanon. Bank of Beirut was founded in 1963 as Realty Business Bank S.A.L. and in 1970, changed its name to the current name. In 1993, a group of bankers and businessmen headed by Salim Sfeir, the current Chairman and CEO, acquired the five-branch bank, which ranked 35 out of the 71 banks operating that year, and in 1997, Bank of Beirut was listed on the Beirut Stock Exchange.. Expansion In 1997, a strategic alliance was formed with Emirates NBD; later in 2001 Bank of Beirut opened a representative office in Dubai to serve expatriates in the GCC. In 2002, a branch was opened in Limassol, Cyprus regulated by the Central Bank of Cyprus, followed by the opening of a representative office in Lagos, Nigeria in 2004 and in Accra. 3 branches opened in Oman, Sohar in 2008, Ghobra in 2012, and The Wave in 2014. In 2002, Bank of Beirut (UK) Ltd, ...
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Commercial Bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ...
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Bank Of Beirut And The Arab Countries
Bank of Beirut and the Arab Countries s.a.l ( ar, بنك بيروت والبلاد العربية, not to be confused with Bank of Beirut) is a Lebanese commercial bank that was established in 1956. With its headquarters located in Clemenceau, Beirut, it is among the top ten banks in Lebanon, with a total capital of 157 billion LBP. It provides a wide range of services to individuals and corporations, including private banking, corporate and commercial banking, trade finance, retail banking, treasury and capital markets, and bank assurance. These has 39 branches in Lebanon and 5 abroad in Cyprus, Iraq and representative offices the UAE, and Nigeria. Background In 1956, three businessmen Tawfiq Assaf, Nach'at Sheikh Al-Ard and Jamal Shhaibir, decided to establish the bank its in Beirut, licensed by the Banque du Liban. Ghassan Assaf, continued his father Tawfiq Assaf's mission as its current Chairman upon his passing away. In 1986, the bank opened its first branch in Cyprus. I ...
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Sohar
Sohar ( ar, صُحَار, also Romanized as Suḥār) is the capital and largest city of the Al Batinah North Governorate in Oman. An ancient capital of the country that once served as an important Islamic port town, Suhar has also been credited as the mythical birthplace of Sinbad the Sailor. According to the 2010 census, Suhar's population was 140,006, making it Oman's fifth most-populated settlement. Described as an industrial town, the development of the Sohar Industrial Port during the 2000s has transformed it into a major Omani industrial hub. History As the largest town in the region, it has been argued that Suhar is identified with the ancient town called 'Omanah' ( ar, عُمَانَة) mentioned by Pliny the Elder in his '' Natural History''. This settlement is believed to have given Oman its name. According to Al-Tabari, in 893 or 894, during the Abbasid era, there was a dispute about who should rule Oman amongst local factions. A faction that approached the Abbasi ...
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Oman
Oman ( ; ar, عُمَان ' ), officially the Sultanate of Oman ( ar, سلْطنةُ عُمان ), is an Arabian country located in southwestern Asia. It is situated on the southeastern coast of the Arabian Peninsula, and spans the mouth of the Persian Gulf. Oman shares land borders with Saudi Arabia, the United Arab Emirates, and Yemen, while sharing maritime borders with Iran and Pakistan. The coast is formed by the Arabian Sea on the southeast, and the Gulf of Oman on the northeast. The Madha and Musandam exclaves are surrounded by the United Arab Emirates on their land borders, with the Strait of Hormuz (which it shares with Iran) and the Gulf of Oman forming Musandam's coastal boundaries. Muscat is the nation's capital and largest city. From the 17th century, the Omani Sultanate was an empire, vying with the Portuguese and British empires for influence in the Persian Gulf and Indian Ocean. At its peak in the 19th century, Omani influence and control extended across ...
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Accra
Accra (; tw, Nkran; dag, Ankara; gaa, Ga or ''Gaga'') is the capital and largest city of Ghana, located on the southern coast at the Gulf of Guinea, which is part of the Atlantic Ocean. As of 2021 census, the Accra Metropolitan District, , had a population of 284,124 inhabitants, and the larger Greater Accra Region, , had a population of 5,455,692 inhabitants. In common usage, the name "Accra" often refers to the territory of the Accra Metropolitan District as it existed before 2008, when it covered .Sum of the land areas of Accra Metropolitan District, Ablekuma Central Municipal District, Ablekuma North Municipal District, Ablekuma West Municipal District, Ayawaso Central Municipal District, Ayawaso East Municipal District, Ayawaso North Municipal District, Ayawaso West Municipal District, Korle Klottey Municipal District, Krowor Municipal District, La Dadekotopon Municipal District, Ledzokuku Municipal District, and Okaikoi North Municipal District, as per the 2021 c ...
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Nigeria
Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of Guinea to the south in the Atlantic Ocean. It covers an area of , and with a population of over 225 million, it is the most populous country in Africa, and the world's sixth-most populous country. Nigeria borders Niger in the north, Chad in the northeast, Cameroon in the east, and Benin in the west. Nigeria is a federal republic comprising of 36 states and the Federal Capital Territory, where the capital, Abuja, is located. The largest city in Nigeria is Lagos, one of the largest metropolitan areas in the world and the second-largest in Africa. Nigeria has been home to several indigenous pre-colonial states and kingdoms since the second millennium BC, with the Nok civilization in the 15th century BC, marking the first ...
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Lagos
Lagos (Nigerian English: ; ) is the largest city in Nigeria and the second most populous city in Africa, with a population of 15.4 million as of 2015 within the city proper. Lagos was the national capital of Nigeria until December 1991 following the government's decision to move their capital to Abuja in the center of the country. The Lagos metropolitan area has a total population of roughly 23.5 million as of 2018, making it the largest metropolitan area in Africa. Lagos is a major African financial center and is the economic hub of Lagos State and Nigeria at large. The city has been described as the cultural, financial, and entertainment capital of Africa, and is a significant influence on commerce, entertainment, technology, education, politics, tourism, art, and fashion. Lagos is also among the top ten of the world's fastest-growing cities and urban areas. The megacity has the fourth-highest GDP in Africa and houses one of the largest and busiest seaports on the c ...
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Central Bank Of Cyprus
The Central Bank of Cyprus ( el, Kεντρική Τράπεζα της Κύπρου tr, Kıbrıs Merkez Bankası), is the central bank of the Republic of Cyprus, located in Nicosia. It was established in 1963. Its current Governor is Constantinos Herodotou The bank issued Cypriot pound banknotes and coins prior to 2008, when Cyprus adopted the euro. History The Central Bank of Cyprus has its origins in the British Colonial Government of Cyprus, which established a Cyprus Currency Board in 1927. This followed on from the unilateral annexation of Cyprus by the British Empire in 1914, the Treaty of Lausanne, establishing the legality in international law of this British takeover, in 1923, and the full establishment of a colonial system of government in Cyprus, with the creation of a Legislative Council, in 1926. The role of the Chairman of the Currency Board was held by the Accountant General, also known as the Auditor General, of the Government of Cyprus. The Board could iss ...
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Cyprus
Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is geographically in Western Asia, its cultural ties and geopolitics are overwhelmingly Southern European. Cyprus is the third-largest and third-most populous island in the Mediterranean. It is located north of Egypt, east of Greece, south of Turkey, and west of Lebanon and Syria. Its capital and largest city is Nicosia. The northeast portion of the island is ''de facto'' governed by the self-declared Turkish Republic of Northern Cyprus, which was established after the 1974 invasion and which is recognised as a country only by Turkey. The earliest known human activity on the island dates to around the 10th millennium BC. Archaeological remains include the well-preserved ruins from the Hellenistic period such as Salamis and Kourion, ...
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Limassol
Limassol (; el, Λεμεσός, Lemesós ; tr, Limasol or ) is a city on the southern coast of Cyprus and capital of the district with the same name. Limassol is the second largest urban area in Cyprus after Nicosia, with an urban population of 183,658 and a metropolitan population of 239,842. In 2014, Limassol was ranked by TripAdvisor as the 3rd up-and-coming destination in the world, in its Top 10 Traveler's Choice Destinations on the Rise list. The city is also ranked 89th worldwide in Mercer's Quality of Living Survey (2017). In the 2020 ranking published by the Globalization and World Cities Research Network, Limassol was classified as a "Gamma −" global city. History Limassol was built between two ancient Greek cities, Amathus and Kourion, and during Byzantine rule it was known as Neapolis (new town). Limassol's historical centre is located around its medieval Limassol Castle and the Old Port. Today the city spreads along the Mediterranean coast and has exten ...
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Gulf Cooperation Council
The Cooperation Council for the Arab States of the Gulf ( ar, مجلس التعاون لدول العربية الخليج ), also known as the Gulf Cooperation Council (GCC; ar, مجلس التعاون الخليجي), is a regional, intergovernmental, political, and economic union comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The council's main headquarters is located in Riyadh, the capital of Saudi Arabia. The Charter of the GCC was signed on 25 May 1981, formally establishing the institution. All current member states are monarchies, including three constitutional monarchies (Qatar, Kuwait, and Bahrain), two absolute monarchies (Saudi Arabia and Oman), and one federal monarchy (the United Arab Emirates, which is composed of seven member states, each of which is an absolute monarchy with its own emir). There have been discussions regarding the future membership of Jordan, Morocco, and Yemen. During the Arab Spring in 2011, Saudi Ar ...
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Dubai
Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of the Middle East and North Africa. D Long, B Reich. p.157 Established in the 18th century as a small fishing village, the city grew rapidly in the early 21st century with a focus on tourism and luxury, having the second most five-star hotels in the world, and the tallest building in the world, the Burj Khalifa, which is tall. In the eastern Arabian Peninsula on the coast of the Persian Gulf, it is also a major global transport hub for passengers and cargo. Oil revenue helped accelerate the development of the city, which was already a major mercantile hub. A centre for regional and international trade since the early 20th century, Dubai's economy relies on revenues from trade, tourism, aviation, real estate, and financial services.
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