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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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Manufacturing

BDL to raise ceiling for industrial export soft loans. Conditions to ease in a bid to benefit SMEs

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The Central Bank (BDL) will raise the ceiling of soft loans provided by banks to finance the working capital of industrial exporters to $3 million from $2 million, according to Wael Hamdan, Director of BDL’s Financing Unit.

The decision is an….
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EIP fully acquires General Cable Egypt. Deal valued at $15 million

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Emerging Investment Partners (EIP) has fully acquired General Cable Egypt, said Wassim Heneine, EIP’s Managing Director.

The agreement was closed for an undisclosed sum. According to sources close to the deal, the investment included $10 mil….
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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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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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