Lebanon Businessnews News
 
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

Finance

Record decrease in
bank deposits and loans

Demand deposits double
on transfers from long-term accounts
Finance

Deposit tax proposed
by Ministry of Finance

2021 draft budget mimics last year’s. Slew of tax breaks
Finance

Solidere sales
hit $393 million

Bank debt now fully repaid
Finance

BLOM agrees
to sell Egypt unit

Deal valued at
around $427 million
Finance
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