Lebanon Businessnews News
 
Finance

Foreign currency reserves
dropped by $400 million
First decline since July 2023, offset by rise in Gold reserves
Finance

Grey-listed post failing
a one-year grace period
No effect on correspondent banking
Finance

Solidere, bank shares up
as lollar is losing value
Low trading volume
Finance

Bank Audi sells
Odeabank in Turkey
Buyer is Abu Dhabi’s ADQ
Finance

Leurobonds up 35 percent
due to buying by Goldman
HSBC sees a ‘Change Moment’ behind the rally
Finance

$250 million loan
for renewable energy
Financed by World Bank for the Litani River Authority
Finance

Car loans offered
by BLOM and Audi
For new cars at yearly seven percent flat over five years
Finance

BDL cancels financial
engineering lira accounts
Equivalent to an estimated $1.5 billion in current value
Finance

Fresh dollar deposits
increase to $4.2 billion
BDL’s liquid foreign reserves grow by $1.1 billion
Finance

Bank Audi sued by IFC
over unpaid $234 million debt
Claim was filed in the UK
Finance

MAN Enterprise gets
$15 million loan from IFC
To grow operations and enter new markets
Finance

Profits from Sayrafa
estimated at $3.2 billion
Revenues to Treasury forecasted at $435 million
Finance

€12.5 million from EBRD
to boost resource efficiency
Includes grants and advisory services
Finance

VAT refund service set
to resume by Global Blue
Transactions will be in dollar
Finance

IMF positive on recent
BDL and budget measures
Bank losses must be tackled, depositors protected, recourse to public resources limited
Finance

BDL names Ahmad Safa
Al Baraka temporary director
Former director of the bank has stepped down
Finance

Capital EE-managed fund
buys 20 percent of Dairiday
Deal involves $2 million capital increase
Finance

Central Bank to manage
Creditbank temporarily
Names Muhammad Baasiri, former Deputy Governor, as director
Finance

FX reserves up
by over $1 billion
Central Bank policy forces the State to balance the budget
Finance

Green Fund launched
for private sector lending
UNDP and Cedar Oxygen looking into projects worth $50 million
Finance
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