INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Reports saying Lebanon president ordered bank raids baseless: Press Office

Lebanon President Michel Aoun.
  • The President's Press Office said this news is fabricated and baseless.
  • The Press Office also denied reports about a meeting held at Baabda Palace.

The Lebanon Presidency Press Office denied the information broadcasted by Al-Jadeed TV on Sunday evening, which claimed that the President General Michel Aoun, “gave permission” to raid a number of banks in the context of investigations of bank lawsuits.

“The Press Office asserts that this news is fabricated and baseless,” the statement said.

Moreover, the Presidency Press Office stated that the meeting held by President Aoun with the Public Prosecutor Judge Ghassan Oueidat was aimed at examining the circumstances of what happened in some banks.

The Press Office also denied reports about a meeting held at Baabda Palace after the decision issued by “Hezbollah” and “Amal Movement” to re-attend the cabinet sessions.