Tag Archives: circular 331

The biggest startup bankruptcy since Circular 331

The biggest startup bankruptcy since Circular 331

It may have all started six years ago, with the zone of low air pressure that moved westward over the Atlantic, encountering large amounts of relatively warm water in the middle of nowhere. The resulting tropical cyclone became known as Hurricane Sandy and caused havoc in eight countries in the Americas, taking more than 230

A stroll through the ecosystem

The most common ecosystem disturbances are fast and furious. Earthquakes. Floods. Fires. Not so Circular 331. The initiative by Banque du Liban (BDL), Lebanon’s central bank, provided a long-awaited capital injection into the country’s entrepreneurship ecosystem. But it’s a disturbance more akin to climate change than a meteor strike. Organisms long part of the ecosystem

Smart money talks

It had to be one of Lebanon’s top resolutions for 2016 when Banque du Liban Governor Riad Salameh pledged at the BDL Accelerate event in December to see to the establishment of an electronic stock exchange for small and medium enterprises. “Our aim for the year 2016 is to succeed in the launching of an

BDL plays government

Banque du Liban (BDL), Lebanon’s central bank, makes a curious claim on its website. Under “Monetary Overview” in the “About Us” section, the bank says that, beginning in 2013, it “resorted to unconventional monetary policy tools to stimulate internal demand and sustain the country’s growth and job creation potential.” Here the bank is referring to

The will to prevail

In 2015, many of the reasons behind Lebanon’s built-in logjam came to the surface. The garbage crisis is the case in point that best illustrates how the whole system is rotten to the core. Beyond our government’s inability to preemptively devise solutions to imminent perils, we watched as priorities were often confused and demands articulated

The startup state

The plans to create a successful startup and entrepreneurial ecosystem are tentatively falling into place in Lebanon. From Circular 331 to the launch of new accelerators, the sector has changed dramatically over the last five, or even three, years. Executive brings you a small overview of some of the latest developments and challenges to the

Startup Megaphone

When Samer Karam talks about his new job it sounds as fantastic as if Sinatra had just sat down next to Peggy Lee to intone the Gershwin classic, ‘Nice Work If You Can Get It’. Karam, who ran the accelerator program of ecosystem company Seeqnce, in March of this year began promoting the Lebanese startup

The 411 on 331

The torrent of “free” money that Banque du Liban (BDL) Circular 331 was expected to release is still but a trickle. Approved by Lebanon’s central bank in August 2013, the circular allows banks to invest up to three percent of their tier 1 capital in startup companies contributing to the so-called “knowledge economy” or venture

Time to talk it up a notch

Lebanon is at a crossroads. It has been two years since the announcement of Circular 331, and the murmurings of a revitalised golden age brought about by our startup and entrepreneurial system. Whilst it might be too early to speak of the clear tangible benefits to the Lebanese economy, there is obvious traction within the

Drawing production power from the sun

For any manufacturer, a reliable and affordable source of electricity is a necessity. This summer, Technica, a regional leader in the building of automated end of line solutions – machines that prepare already assembled products for shipping – switched on its new photovoltaic (PV) panels. This, says Strategy Manager Cynthia Abdul Khater, is a first