INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Lebanon bans top officials of five banks from travel

People use automatic teller machines (ATM) at a bank in the centre of the Lebanese capital Beirut. (Photo by JOSEPH EID / AFP)
  • Ghada Aoun, the judge, issued the bans against Salim Sfeir of Bank of Beirut, Samir Hanna of Bank Audi, A Sehnaoui of SGBL, Saad Azhari of Blom Bank, and Raya Hassan of Bankmed
  • She has not charged any of them with a crime

A prosecutor in Lebanon has issued travel bans against the heads of the boards of five Lebanese banks as a precautionary measure as she investigates transactions by their banks, according to the media reports.

Ghada Aoun, the judge, issued the bans against Salim Sfeir of Bank of Beirut, Samir Hanna of Bank Audi, Antoun Sehnaoui of SGBL, Saad Azhari of Blom Bank, and Raya Hassan of Bankmed.

She has not charged any of them with a crime.

Hassan told the media she was “speechless” and noted she had joined the bank after the transactions took place.

Azhari did not immediately respond to a request for comment, neither did officials from Bank Audi, SGBL and Bank of Beirut.