Cabym's Weblog

the Reference blog for financial investment in Lebanon

Archive for Opportunities

Lebanon ranks 84th globally, 10th in MENA region on Prosperity Index

The Legatum Institute 2010 Prosperity Index ranked Lebanon in 84th place among 110 countries around the world and in 10th place among 14 countries in the Middle East & North Africa region.
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Lebanese bank loans see unprecedented growth

Bank lending activity in the first 10 months of this year has seen a remarkable increase on last year.

According to Bank Audi, this high lending activity since the beginning of this year reflects both the large financial flexibility of Lebanese banks, and the vigorous economic activity that stimulated high domestic lending.
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Association of Banks amends reference rate on US dollar and Lebanese pound lending

The Association of Banks in Lebanon (ABL) recommended to its member banks to increase the Beirut Reference Rate in US dollars to 4.67% from 4.66% previously starting in December. The rate, considered as the reference rate for lending in foreign currency, replaced last year the London Inter-Bank Offering Rate (LIBOR) since the ABL considered that the LIBOR no longer accurately reflects the cost of funding and lending in Lebanon.
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Investing in the Lebanese Creative Economy yields future opportunities for younger generations

Lebanon has an opportunity to fuel its economic growth, by further investing in its creative ecosystem. Additionally, over the past few years the Creative Economy sector has witnessed a significant development in this region, in general and in Lebanon in particular, and there has been an increase in the size and quality of creative production. This makes it important to start addressing creativity from an economic perspective and to promote the understanding of creativity as a viable economic activity that generates wealth and jobs.
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Lebanon ranks 49th globally for microfinance environment

The Economist Intelligence Unit’s Global Microfinance Index ranked Lebanon in 49th place among 54 countries worldwide and in last place among 14 countries in the Middle East and Africa (MENA) in terms of the environment for microfinance, as reported by Lebanon This Week, the economic publication of the Byblos Bank Group. Also, Lebanon came 12th among 14 Upper Middle Income Countries (UMICs) included in the survey.
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Over half of Lebanon’s employers planning to recruit in next quarter

More than half of the region’s employers, 54 percent, plan to recruit over the next few months, according to the new Bayt.com Jobs Index study conducted by the region’s number one job site Bayt.com, in conjunction with research specialists YouGov Siraj.

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Global Blue to bring online shopping to Lebanon

Global Blue, the inventor of online tax free shopping, plans to implement its technology in the Lebanese market in August 2010. Online tax free shopping allows customers to purchase goods and services online without paying any tax normally collected at retail, such as sales tax, value added tax, among others.
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