Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli. Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote.
Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income. Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli.
What happens next
The announcement lifted shares in the sector by as much as four percent in early trading. Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income.
“Nobody wants a repeat of 2019, and that concentrates minds.”
Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar. Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month.
The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial. Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income.
Why it matters
Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income. Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month.
Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income. Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week.
