Michel Fayad I proposed the creation of a Sovereign Wealth Fund to manage the state’s assets and ownership in mid-December 2019 in the columns of An Nahar, following the advice of Dr. Fouad Abou Nader: In 1967, the Lebanese Parliament passed the Intra Law , which set new rules and.
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Entrepreneurship and the digital economy in Lebanon
November 7, 2018
When making the rounds through the Beirut Digital District (BDD) to assess how Lebanon’s entrepreneurship system is developing, there is a lot to observe. Over the past five years, there have been several exercises usually with significant self-promotion and marketing to map this emerging system in all its components. Invariably, such exercises seemed incomplete by the time they were done, simply because the entrepreneurship realm was changing and expanding faster than it could be mapped.
Driven into existence by the initiative of Banque du Liban’s Circular 331, from the moment of the circular’s publication in August 2013, the ecosystem has grown with each passing year (with Executive committed to publishing annual observations on its progress). This year is no exception. Regardless of the months of political wrangling in the halls of the Grand Serail and Parliament, and also regardless of deteriorating con
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S&P Dow Jones Indices, the division of ratings agency S&P Global that creates stock market indexes, has launched a consultation exercise on removing Lebanese shares from several of its indexes as a result of the country s worst economic crisis in decades.
S&P DJI said that it already took some measures to address ongoing market accessibility issues in Lebanon caused by the imposition of capital controls . It added that although it has been monitoring the situation, little progress has been made to address to problems caused by these controls. Given the situation in the country regarding foreign currency shortages and fund repatriation concerns, S&P DJI is proposing to remove index constituents domiciled in Lebanon from the S&P Pan Arab Indices, the company said in a statement announcing the consultation exercise on Friday.
12/29/2020 | Press release | Distributed by Public on 12/29/2020 03:39
CAPITAL BANK AND BANK AUDI SIGN DEFINITIVE AGREEMENTS FOR THE SALE OF THE ASSETS AND LIABILITIES OF BANK AUDI BRANCHES IN JORDAN AND IRAQ
Capital Bank Group and Bank Audi Group have announced the signing of the definitive agreements for the acquisition by Capital Bank of the operations of Bank Audi s Jordan Branch Network, and the acquisition by the National Bank of Iraq - a subsidiary of Capital Bank Group - of the operations of Bank Audi s Iraq Branch Network, including the purchase of the assets and liabilities of these branches. The completion of these transactions remains subject to the receipt of the final approval of the related supervisory and regulatory authorities.