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Ramy Real Estate
 

Minimum capital for money changers reduced
Required capital for Class B money changers set up before December now $166,000
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Business
  Mega Lebanese project in Erbil
Hariri Construction undertakes $218 million residential project in Erbil
  Televised competition for business ideas
Ideaz Prize to give winner $10,000 in seed capital, $5,000 for second place
  Shawarmanji to open in June
New Lebanese fast-food eatery starts with four local outlets and one in Dubai


Finance
  Credit Libanais in Erbil
Bank to launch another branch in Baghdad in July
  Moroccan group to acquire LIA Insurance
Bank Audi to sell 81 percent of its insurance firm to Saham Finances
  Local banks' assets grow
Deposits grow slightly, reach $120 billion at end March 2012


ECONOMY
  Lebanon's power supply to drop this summer
Delayed Deir Amar maintenance work will result in 200MW-shortfall in supply
  Increased spending on public hospitals advised
Committee recommends $10 million annually for Hariri University Hospital
  EU urges adoption of balanced state budget
2011 progress report on Lebanon cites little progress in telecom and energy reforms


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