Lebanon Businessnews News
 
Finance

Parliament passes budget at
fraction of pre-crisis levels
Exchange rate used fails
to meet IMF requirements
Finance

After falling to $44.5
Solidere shares rebound
Volatility is attributed to a rise
in lollar value following rumors
Finance

Fresh dollar cards
are finally accepted
Decision applies to payments
in supermarkets and restaurants
Finance

Insider trading suspected of
motivating Eurobond default
Up to ten times the potential gain
Finance

Eurobonds below 10 cents
since parliamentary elections
Prices similar to debt of sanctioned Venezuela
Finance

Last minute gov’t decision:
Financial recovery and policy
Measures seen as partial
fulfillment of IMF preconditions
Finance

Solidere shares up near $50
after decline in lira
Rise in value on being last haven
rather than company performance
Finance

RYMCO delists from BSE
due to low trading volume
Car agent went public 24 years ago
Finance

$3 billion four year facility
initial deal with IMF reached
Staff level agreement contingent on reforms
Finance

Money in circulation dips
for first time in two years
LL8.9 trillion decline
since beginning of 2022
Finance

Gross public debt valued
at $12 billion in real terms
Severe depreciation erases
most of the value of Treasury bills
Finance

$500 million fund to
lend local businesses
To be established by Palladium,
Bamboo Capital, and Cedar Oxygen
Finance

Mobile app ZoodPay
raises $38 million in funding
Proceeds to be used for expansion
Finance

Talks starting with IMF
and holders of Eurobonds
Team in charge of negotiations has been formed
Finance

IMF is sending $1.1 billion
to bolster foreign reserves
Calls for transparency and accountability
Finance

Banks require cash deposits
for withdrawals above ceiling
Association of Banks: Move necessitated by BDL’s reduction of cash supply
Finance

Local subscriptions
to foreign funds rebound
26 percent increase to $798 million recorded last year
Finance

Dollars for oil imports
at Sayrafa exchange rate
Importers and banks to provide equivalent lira amount in cash
Finance

Central Bank: Fuel shortage
due to black market
$828 million in fresh money in July alone for fuel imports
Finance

IMF: No to Capital Controls
without a broader reform plan
Central Bank directive allowing
withdrawals in dollar and lira may stoke inflation
Finance
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