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Lebanon Finance News

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

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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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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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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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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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FFA: BLOM shares stable Audi and Byblos to decline. Growth in net profit, assets, deposits, and loans of each of the banks in 2015

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FFA Private Bank revised down the target price on the shares of Bank Audi and Byblos Bank due to tough operating conditions and foreign exchange devaluation in key global markets. FFA kept the target price on Blom Bank’s stock unchanged.

The ….
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FFA: BLOM shares stable Audi and Byblos to decline. Growth in net profit, assets, deposits, and loans of each of the banks in 2015

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FFA Private Bank revised down the target price on the shares of Bank Audi and Byblos Bank due to tough operating conditions and foreign exchange devaluation in key global markets. FFA kept the target price on Blom Bank’s stock unchanged.

The ….
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