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SUBMIT NEWS
Finance
Byblos Bank buys
Banque Pharaon & Chiha
Deal valued at $91 million
involves the Rahmeh brothers
FinanceArchive
Torbey camp prevails
in sale of Credit Libanais
EFG Hermes to sell 63 percent
share for $492 million
FinanceArchive
Banks hold 54 percent
of public debt
Treasury can meet Eurobond maturities
FinanceArchive
Record public debt
at $70 billion
Debt-to-GDP ratio stabilizes and
lower oil prices bolster budget
FinanceArchive
Standard e-payment
mobile app takes off
Spearheaded by CSC Bank, in partnership
with 14 banks, CashUnited, and LibanPost
FinanceArchive
Bank deposits
up five percent
Public and private
financial needs are secure
FinanceArchive
IFC extends loan
to Fransabank arm
To provide more environment friendly loans
FinanceArchive
Moneylenders regulated
by the Central Bank
Minimum capital set at $1.33 million
FinanceArchive
Loans guaranteed by Kafalat
down by 19 percent
Agriculture sector gained the largest share
FinanceArchive
Islamic Bank loan
for hydropower plants
Part of the Beirut Water Supply Project
FinanceArchive
Speed@BDD invests
$180,000 in startups
First batch to seek more investment
FinanceArchive
Illicit money outflow
reached $2 billion per year
Hot money and trade
mis-invoicing are main factors
FinanceArchive
BDL assets at $91 billion
up by a yearly six percent
Assets from exchange operations of financial instruments was main growth driver
FinanceArchive
$67 million in tech startups
invested in last three years
Demand for funds could
reach $80 million annually
FinanceArchive
Central Bank extends
subsidized loan program
Beneficiaries include small businesses and home buyers
FinanceArchive
30 percent of corporate
income goes on taxes
20 different duties are paid yearly
FinanceArchive
Berytech Fund
invests $20 million
Equity injected in 12 local SMEs
FinanceArchive
Beirut bourse
outperforms Arab markets
Local exchange down two percent
while major regionals down by two digits
FinanceArchive
Solidere shares
30 percent up
Good time to buy
FinanceArchive
Central Bank sets rules for
incubators and accelerators
Knowledge economy to account for five percent of GDP by 2030
FinanceArchive
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