Banking & Finance

MENACORP awarded ‘Best Brokerage House-Dubai’ by AFE

June 12, 2014 - MENACORP, the UAE’s leading investment bank, has won the prestigious ‘Best Brokerage House- Dubai’ award given by the Arab Federation of Exchanges (AFE) at the recently concluded AFE Equities Summit 2014 held in Dubai. The honor is the latest in a string of recognitions bestowed on the company, further bolstering its status as the country’s top investment bank.

EIB and Fransabank renew support for SMEs in Lebanon with EUR 45 million credit line

The European Investment Bank (EIB) has granted a EUR 45 million to Fransabank to finance the investment projects of SMEs (firms with up to 500 employees). The EIB funds will be earmarked for financing projects in the sectors of industry and agro-industry, health, education, high knowledge and services.

This is the EIB‘s fifth transaction with Fransabank under its policy of supporting the economic development of small and medium-sized companies in order to foster economic recovery and job creation in Lebanon.

Bank Audi launches the VISA Pay Wave Technology on Debit Cards for the First Time in Lebanon

Beirut, June 1, 2014 - Bank Audi sal, Lebanon’s largest bank, has become the first Lebanese bank to implement the Visa payWave technology and issue Visa payWave debit cards to its customers.

Visa’s payWave technology is a globally accepted contactless payment technology that ensures a faster, easier and more secure way to pay for everyday purchases.