Hejeij has reassured MEAB
's customers as well as shareholders that, "We will continue to apply the applicable international anti-money laundering and anti-terrorism banking standards.
But the report did not name MEAB
in the report nor did it suggest that the Lebanese monetary authorities take any sort of action against the bank.
"The event was awesome...I have not seen anyone else move merchandise like that," the Politico quoted Meab
, as saying.
The scheme, which includes a visit by MEAB
assessors to the different settings, also seeks to reassure parents that the schools assessed meet the MEAB
criteria for high quality Montessori provision.
"We believe that the stability and notable resilience of the Lebanese market present an opportunity for MEAB
to continue to grow in the coming years, both in Lebanon and in foreign markets," MEAB
General Manager Nabih Haddad adds, conceding, however, that it may be "too soon to develop a firm assessment of the bank's performance" in the short time since the change in leadership in midyear.
Salameh told a TV station that this case would have no impact on the Lebanese banking sector, noting that MEAB
is financially sound and has not committed any violations.
His business interests, most importantly the Middle East and Africa Bank (MEAB
) under his chairmanship and majority ownership were in acute danger of being crippled.
Hejeij may contemplate handing over the affairs of MEAB
to his son, Ali.
Swedish electrical products trading company Malmbergs Elektriska AB (OMX Stockholm: MEAB
B) announced on Tuesday (9 September) that it is opening an office in Hong Kong.
But when Middle East and Africa Bank (MEAB
) implement an interactive timeline in the history section of its online identity, the months of June and July 2015 will carry pivotal content.
But a leading banker told The Daily Star that many banks have decided to stop dealing with MEAB