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Lebanon Finance News

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

Month

July 2016

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

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Royal Forex Trading has changed its name to Royal Financials as part of a move to upgrade its license from a financial brokerage firm into a financial company.

This change will enable the company to tap into the micro-loan industry and to ad….
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Le Vendome secures debt reschedule scheme. The value of loans is around $100 million

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Bankmed and Bank Audi have agreed to refinance the debts of La Société des Grands Hotels du Liban (SGHL), owners of the Hotel Phoenicia and Le Vendome, after negotiations to restructure the debt. Bankmed is the main lender.

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

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Insure and Match Capital (IM Capital), a Berytech company, has launched Seeders Masterclass for Business Angels, a one-year program to link early-stage individual angel investors and micro and small and medium enterprises (MSMEs) through a “learn an….
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Speed@BDD completes second acceleration program. Startups seek a combined $3.5 million capital

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Speed@BDD has completed a three-month acceleration program for seven tech startups in which it has invested $210,000. This is the startup accelerator’s second program, with a third acceleration program in the offering.

The investment comes ….
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