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Lebanon Finance News

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

Month

October 2016

Audi writes off $191 million in Syria, Sudan investments. Positive growth in all Q3 indicators

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Bank Audi announced that it has written off its investments in Syria and Sudan for an amount of $191 million. In its third quarter results report, the bank declared a 15.2 percent growth in profits over the same period of last year, to $350 million…..
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Berytech Fund I exits three companies for $800,000. PayPlug, Active Identity, and Cook & Eat Lebanese

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Berytech Fund I has exited three of its portfolio companies, PayPlug, Active Identity, and Cook & Eat Lebanese, at a combined price of nearly $800,000.

The venture capital fund said it divested itself from PayPlug at three times the initial i….
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Kafalat iSME invests $600,000 in Falafel Games. Amount forms part of a $2.6 million equity funding

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Kafalat iSME Programme has contributed $600,000 of equity into Falafel Games, a developer of game applications.

The investment is part of a $2.6 million equity funding recently raised by Falafel Games to finance the creation of new games and ….
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