Lebanon Businessnews News
 
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

How to convert
lollars into fresh money
Central Bank creates special accounts for up to $50,000
Finance

Depositors allowed to
withdraw $800 per month
Half in fresh dollars, and half in liras
Mandatory reserves cut to 14 percent
Finance

$10 million transacted
in first week on Sayrafa
Next week pricing: LL12,000-LL12,200
Finance

Sayrafa exchange platform
had shy volume on first day
Rate was set around LL1,000 below parallel market
Finance

$10 million to small farms
provided by the World Bank
Voucher system to be implemented by FAO
Finance

Proximie gets $38 million
in equity from venture funds
Develops platform for remote surgical collaboration
Finance

Biometric tech firm Zwipe
starts MENA hub from Beirut
New payment card technology to be launched in October
Finance

BEMO buys Bank Audi
stake in Syria’s Ahli Trust
Obegi: Buy on sound of cannons, sell on sound of trumpets
Finance

Central Bank launches
foreign exchange platform
Banks, money changers mandated to use it
Finance

Public debt increased
to $96 billion last year
Foreign currency share at 38 percent
Finance

Anghami to list on Nasdaq
with a $220 million valuation
One billion streams per month
Finance
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