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Lebanon Finance News

Dedicated to economic and business news on Lebanon, managed by the team of Lebanon Opportunities.

Month

January 2016

Loans guaranteed by Kafalat down by 19 percent. Agriculture sector gained the largest share

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The number of loans guaranteed by Kafalat declined by a yearly 19 percent to 676 in 2015. The volume of loans reached $93 million, a decrease by more than 14 percent.

The agriculture sector registered the largest share with 47 percent of thes….
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Islamic Bank loan for hydropower plants. Part of the Beirut Water Supply Project

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The Council of Ministers approved yesterday a loan agreement with the Islamic Development Bank (IDB) to fund the remaining part of the Water Supply Augmentation Project. The funds will be used for the construction of two hydropower plants generating….
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Speed@BDD invests $180,000 in startups. First batch to seek more investment

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Speed@BDD, a tech startup accelerator, said it has invested $180,000 in its first batch of startups and offered them a three-month acceleration program.

The investment was equally divided among the six startups with each receiving $30,000 to….
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BDL assets at $91 billion up by a yearly six percent. Assets from exchange operations of financial instruments was main growth driver

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The Central Bank’s (BDL) assets grew by 6.1 percent to $91.4 billion at the end of 2015 compared with the end of 2014.

The growth was mainly driven by assets from exchange operations of financial instruments, which totaled $11.6 billion at t….
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Central Bank extends subsidized loan program. Beneficiaries include small businesses and home buyers

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The Central Bank (BDL) has extended to the end of 2016 the 60 percent exemption of reserve requirements for certain loans denominated in lira. The exempted funds may be used by banks to extend soft loans for housing or business financing.

The….
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30 percent of corporate income goes on taxes. 20 different duties are paid yearly

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The aggregate corporate tax rate was 30 percent, which represents the total of all taxes borne as a percentage of commercial profit. The time to comply with all tax formalities was 183 hours. The total tax rate reflected all taxes and contributions….
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Berytech Fund invests $20 million. Equity injected in 12 local SMEs

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Berytech Fund II has invested nearly $20 million since its inception ten months ago, said Paul Chucrallah, Fund Managing Director. These equity investments were injected in 12 small companies in the telecommunications, digital content, and industria….
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Beirut bourse outperforms Arab markets. Local exchange down two percent while major regionals down by two digits

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The Beirut Stock Exchange (BSE) has performed better than all the Arab stock markets in 2015 (counting figures from the first 11 months), with the exception of the Palestinian bourse.

The BSE declined by only 1.8 percent. The Saudi stock mar….
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Solidere shares 30 percent up. Good time to buy

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Solidere gained $412.6 million in market capitalization since November 10, two days before the Parliament sessions that approved crucial financial laws.

There are some indicators of positive developments on the local political scene, said Mar….
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