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Finance

Yafi and Jisr to raise
$50 million for ICT VC fund
70 percent to be invested locally
FinanceArchive

BLOM in talks
to buy local arm of HSBC
Deal is expected to close at $90-$100 million
FinanceArchive

Royal Forex to upgrade
to a financial company
Change enables it to tap into micro lending and investment funds
FinanceArchive

Le Vendome secures
debt reschedule scheme
The value of loans is around $100 million
FinanceArchive

IM Capital launches
angel investor program
Targeted investment of $300,000 in first year
FinanceArchive

Speed@BDD completes
second acceleration program
Startups seek a combined $3.5 million capital
FinanceArchive

BDL in $3 billion swap
to boost net foreign reserves
Buys back T-bills at large discount
FinanceArchive

IFC to invest
in Bank Audi Turkey
Capital increase of $342 million will include EBRD and other investors
FinanceArchive

Solidere pays out
dividends despite losses
Better sales expected this year
FinanceArchive

Banks allowed
to fund indebted properties
Ruling helps ease developers’ debt burden
FinanceArchive

EIP fully acquires
General Cable Egypt
Deal valued at $15 million
FinanceArchive

Banks defy terror and
commit to business as usual
Makram Sader: BLOM Bank not being overzealous
FinanceArchive

BDL closes
Hezbollah-related accounts
Banks required to go through BDL list
FinanceArchive

EuroMena acquires
stake in Credit Libanais
Part of last month’s sale of EFG Hermes shares
FinanceArchive

Fransabank buys stake
in Pinpay for $2.5 million
Bank to use the service
FinanceArchive

Solidere losses lead
to lowered expectations
FFA Private Bank had decreased
target price to $11 per share
FinanceArchive

Tax data to be shared with
foreign states in 2018
Automatic exchange of financial account
information to be handled by specialized agency
FinanceArchive

Moneylenders and NGOs
added to watchlist categories
Central Bank tightens noose around money launderers
FinanceArchive

Bank Audi considering
to relocate HQ abroad
Audi says it is still at the
stage of conceptual exercise
FinanceArchive

Four banks bidding
for local HSBC branches
Fransabank, BLF, BLOM, and Audi have been prequalified
FinanceArchive
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