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These are 2021′s best cities for first-time homebuyers in USA

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 Heavy competition in today’s pricey housing market has sidelined some first-time buyers, especially in major metropolitan areas. These buyers usually make up about 40% of the market, but now they’re less than a third, according to the National Association of Realtors. The majority are millennials ages 25-34. There is still hope for homeownership, however. […]

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Central Bank launches foreign exchange platform – Banks, money changers mandated to use it

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Central Bank launches foreign exchange platform – Banks, money changers mandated to use it The Central Bank (BDL) has issued two circulars, one authorizing banks to perform currency exchange operations based on a newly-launched money exchange platform, and the other mandating licensed money exchangers to use the platform exclusively for their operations. Both banks and money […]

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$300 million committed at international donor conference

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An emergency donor video-conference has raised pledges worth nearly €253 million ($300 million) for immediate humanitarian relief. The international response will be coordinated by the United Nations. The “assistance should be timely, sufficient and consistent with the needs of the Lebanese people … and directly delivered to the Lebanese population, with utmost efficiency and transparency,” […]

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Emirates NBD in talks to acquire BLOM Egypt

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Potential deal is part of strategic options of Lebanese bank Emirates NBD, Dubai’s largest bank, said it has started preliminary talks to buy the 41-branch Egyptian unit of BLOM Bank after last week’s explosion led the Beirut-based bank to review its strategy. Discussions are ongoing and there is no certainty that a deal will be […]

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Restoration of shop facades paid by Chamber of Commerce

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Assistance targets needy businesses damaged by port’s explosion. The Chamber of Commerce, Industry, and Agriculture of Beirut and Mount Lebanon (CCIA-BML) said it will pay for the installation of glass facades of private enterprises damaged by the explosion in the Port of Beirut. The Chamber said in a statement that it will use its own resources […]

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