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Lebanon Finance News

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

Month

April 2017

Cedrus Invest Bank client implicated in insider trading. Bank not named as defendant

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The United States’ Securities and Exchange Commission (SEC) has filed a legal case against unknown defenders, including a customer of Cedrus Invest Bank, on suspicions of insider trading in call options. The Cedrus client has realized a potential pr….
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Scale-up program to launch at UKLTH. Venture building accelerator program launched, Beirut Innovation Week confirmed

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The UK Lebanon Tech Hub (UKLTH) will launch a scale-up program in September. The program will follow on from the venture accelerator program, The Nucleus, which was launched last week. Dimitri Papadimitriou, Acting Director of UKLTH, said the scale….
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Local fintech startups among top four countries regionally. Emerging sector showing positive signs

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Lebanon is one of four countries in the Middle East and North Africa (MENA) that when combined account for almost 75 percent of all fintech startups launched in 12 countries regionally, according to the recently published report: State of Fintech, b….
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Bank Audi sells cards unit to M1 Group. Deal estimated at $185 million

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Bank Audi has sold its electronic payment and card services business to M1 Financial Technologies, a subsidiary of M1 Group. M1 will operate the business via Areeba SAL.

The value of the deal is $185 million, but is subject to adjustment of u….
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