EBRD to invest $200m in Lebanon PUBLISHED ON 23/07/2018
According to Alain Pilloux, EBRD’s Vice President for Banking, the bank has invested in Lebanon $75 million so far and this amount will reach more than $100 million by the end of its first year of operation in Lebanon. The European Bank for Reconstruction and Development (EBRD) plans to continue financing projects in Lebanon by […]
How much gold is there in the world? PUBLISHED ON 21/07/2018
Gold over ground existing in the world The estimated amount of gold over ground existing in the world is 190.931 tonnes, while the estimated amount of gold reserves and resources (gold under ground, unmined) is estimated at 54.000 tonnes. Physical gold in the world Physical gold over ground, which means physical gold that has […]
VAT Treatment of Cyprus Holding Companies PUBLISHED ON 18/07/2018
VAT Interpretative Circular 222 – Holding Companies On 9 January 2018, the Interpretative Circular 222 has been announced by the Cyprus Tax Department explaining the VAT treatment of holding companies. The Circular provides guidance on the interaction between holding companies and VAT based on existing ECJ case law (Court of Justice of the European Union). […]
Lebanon’s fast-growing start-up ecosystem PUBLISHED ON 13/07/2018
The start-up scene in Lebanon is thriving quickly and Beirut is becoming the Middle East’s tech hub. Lebanon has all the key elements needed to achieve such results: an ambitious entrepreneurial culture, highly educated population, a number of incubators and accelerators, venture capitals and a favourable government policy. In August 2014 Banque du Liban (BDL) […]
