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finance & economy

Mar 12

Best’s Market Segment Report: Lebanese Insurance Market Faces Mounting Uncertainty

Best’s Market Segment Report: Lebanese Insurance Market Faces Mounting Uncertainty

Lebanon has a long history of economic and political instability. In the past, local insurers have been successful at navigating this challenging environment. However, recent civil unrest and a ballooning public debt have increased the level of economic uncertainty, which is negatively"...

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Mar 12

The LEGO Group and Nintendo partner to take legendary brick-building to a new level

The LEGO Group and Nintendo partner to take legendary brick-building to a new level

The LEGO Group announced a partnership with Nintendo that will change the way people interact with Super Mario in the physical world and engage in LEGO® experiences.

Both companies share a passion for innovation"...

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Mar 12

U.S. FDA grants Fast Track designation to empagliflozin for the treatment of chronic kidney disease

U.S. FDA grants Fast Track designation to empagliflozin for the treatment of chronic kidney disease

The U.S. Food and Drug Administration (FDA) has granted Fast Track designation for the investigation of empagliflozin to reduce the risk of kidney disease progression and cardiovascular death in adults with chronic kidney disease, Boehringer Ingelheim and Eli Lilly and Company (NYSE: LLY)"...

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Mar 12

Lebanon deferred debt payment will likely lead to significant losses for creditors

Lebanon deferred debt payment will likely lead to significant losses for creditors

Lebanon's deferred payment of a $1.2 billion (Dh4.4bn) eurobond yesterday will likely lead to significant losses for creditors, Moody's Investors Service said on Tuesday.

A decision to defer payment 'reflects"...

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Mar 12

VDX.tv, A New Business Division of Exponential Interactive, Is Expanding Into the United Arab Emirates

VDX.tv, A New Business Division of Exponential Interactive, Is Expanding Into the United Arab Emirates

Digital advertising leader Exponential Interactive announced this week that it is rolling out its new, video-driven business division, VDX.tv, in all global markets. VDX.tv allows brands to serve tailormade video-driven experiences across screens, including connected TV (CTV) and Over the"...

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Mar 12

Global Plant-Based Food Company, the LIVEKINDLY co., Launches a $200-Million Investment Supporting the Brand Portfolio of LIVEKINDLY, Fry’s Family Food, and LikeMeat

Global Plant-Based Food Company, the LIVEKINDLY co., Launches a $200-Million Investment Supporting the Brand Portfolio of LIVEKINDLY, Fry’s Family Food, and LikeMeat

The LIVEKINDLY co. is leading a movement to build a sustainable future, today, fueled by a $200-million founders’ funding round led by founders, entrepreneurs, and global leaders. Establishing a collective of heritage and start-up brands, the company is on track to become one of the"...

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Mar 12

SNOWPLUS Successfully Raises Funding, Continues Global Expansion Efforts

SNOWPLUS Successfully Raises Funding, Continues Global Expansion Efforts

SNOWPLUS has announced global investment results from 2019 through February 2020 amounting to approximately $125 million USD. The funding has come from investors in Asia, North America, Europe and the Middle East.

The"...

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Mar 12

GetSwift Secures Funding up to US$45 Million from U.S. Alternative Investment Group

GetSwift Secures Funding up to US$45 Million from U.S. Alternative Investment Group

GetSwift Limited (ASX: GSW) (‘GetSwift’ or the ‘Company’), a leading provider of SaaS logistics technology, is pleased to announce that it has entered into a put option agreement (“Agreement“) with LDA Capital LLC (“LDA Capital“), a United States based private alternative investment group, which has agreed to provide the Company with up to US$45 million (“Commitment Amount”) in committed equity capital over the next 36 months. The Company will use this capital (as required) to continue to fuel growth and to hedge against developing global circumstances such as the Coronavirus. The capital......

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Mar 11

Oxygen Fund for imports of industrial raw materials

Oxygen Fund for imports of industrial raw materials

The Central Bank (BDL) said a fund will be created to raise $750 million and a sustainable and scalable lending program of $3 billion per year will be set up to help small and medium sized industrialists finance raw material imports.

The ‘Lebanese Economy Oxygen Fund’"...

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Mar 11

Rating Agencies Warn Lebanon over $1.2 Billion Loan Default

Rating Agencies Warn Lebanon over $1.2 Billion Loan Default

Credit ratings agency Moody's warned Tuesday that Lebanon's first-ever default on paying its sovereign debt will likely lead to significant losses for private creditors as well as serious implications for the country's banking sector.

Prime"...

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