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Lebanon Business News, Economic, Oil, Gas, Solidere, Beirut, Banks, Real Estate



 



Lebanese startup heads to global meet

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A Lebanese startup that trains young people in job skills to compete in an increasingly automated workforce has been selected to go to Madrid to compete among 100 different teams at the South Summit in October.



Real estate demand falls 23.7 percent in Q1

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The suspension of interest rate subsidies on housing loans in the beginning of the year caused demand for properties in the first quarter of 2018 to drop by 23.7 percent compared to the same period of 2017, according to Byblos Bank Real Estate Demand Index.



Subsidized housing loans to be reactivated

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Subsidized housing loans for limited income families are expected to be reactivated in a few months after the Finance Ministry and Central Bank pledged to inject more cash for this program, the head of Public Corporation for Housing Rony Lahoud said Thursday.



Subsidized housing loans to be reactivated

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Subsidized housing loans for limited income families are expected to be reactivated in a few months after the Finance Ministry and Central Bank pledged to inject more cash for this program, the head of Public Corporation for Housing Rony Lahoud said Thursday.



Lebanese Australian Nassif takes 5 pct of Bank of Beirut

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Lebanese Australian businessman Sarkis Nassif has acquired 5 percent of Bank of Beirut’s ordinary and capital stake, the bank announced Wednesday.



Local franchises face opportunities, tests

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Lebanese franchises are increasingly looking to grow their brands beyond Lebanon and the region.



Lebanon’s deficit down by over 22 pct in 2017

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Lebanon’s fiscal deficit at the end of 2017 fell 22.45 percent to $3.8 billion compared to 2016 thanks to a tax applied on the proceeds from Banque du Liban’s financial engineering.



New car sales in Lebanon fall 5.8 percent in first quarter

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The sales of newly registered cars in Lebanon in the first three months of 2018 fell by 5.8 percent compared to the same period of 2017, according data compiled by the Association of Car Importers.



Lebanon’s deficit down by over 22 pct in 2017

2018-04-17T00:14:00.0000000

Lebanon’s fiscal deficit at the end of 2017 fell 22.45 percent to $3.8 billion compared to 2016 thanks to a tax applied on the proceeds from Banque du Liban’s financial engineering.