Lebanon Businessnews News
 
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

Currency in circulation
dropped by 31 percent
Stability reached since July
Finance

$34 million plan to restore
fiscal management functions
Disbursements to be linked to performance
Finance

Court revokes writing off
BDL obligations to banks
Provision was key to government recovery plan
Finance

Depositors allowed to
withdraw $150 per month
From foreign currency accounts opened since onset of crisis
Finance

Solidere shares soar
amid surge in trading
Rally anticipates decision about lollar deposits
Finance

Lollar is closer
to become useless
Demand will stop when bank loans are paid back
Finance

Small size LL100,000 bills
in circulation in December
Money supply will not be affected
Finance

Foreign currency reserves
increase by $430 million
Growth driven by BDL’s new monetary policy and FX interventions
Finance

More depositors allowed
to benefit from Circular 158
Funds can be withdrawn from post October 2019 accounts
Finance

$1.8 billion withdrawn
so far under Circular 158
181,000 depositors have benefited
Finance

E-wallets allowed
to carry up to $50K
Upper limit for individuals set at $3,000
Finance

$2.5 billion in profits
earned on Sayrafa platform
World Bank: Depleting BDL reserves
with short-lived lira appreciations
Finance

$20 million fund
for renewable energy
Will finance 25 companies
at commercial interest rates
Finance

$77 million industrial loans
approved by Cedar Oxygen
To fund raw material imports
and purchases of machinery
Finance

World Bank report says
bank sector too big to bail
Recommends conversion
of large deposits to equity
Finance
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