Banque du Liban

IMPACT Fund signing ceremony: a milestone event

Lebanon’s largest Venture Capital fund, the first to comply with Banque du Liban Intermediate Circular 331, now set to boost Lebanon’s profile as a launching pad for global High Tech success stories
Beirut, October 24, 2014 – The signing ceremony of the IMPACT Fund occurred on October 24, 2014, representing a major milestone for Lebanon’s Venture Capital scene.

AL-MAWARID BankS.A.L., the First Bank to Invest in Startups under Circular 331

Beirut, June 12th, 2014: In line with its plan to support the economy, AL-MAWARID Bank held a press conference at the Four Seasons Hotel on Thursday June 12th 2014, to announce the first pilot project in Lebanon under Circular 331 put forth by Banque du Liban, and which aims to encourage banks to invest in startups in the knowledge economy sector. This initiative is part of the bank’s CSR program titled “YOUTHinc.” which supports entrepreneurs.