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Business Loans and Financing Options for Entrepreneurs in Lebanon

As money gets tighter, minds get more creative. This week, Global Entrepreneurship Week Lebanon has brought together Lebanon’s brightest entrepreneurs and startups with those who have the means to fund them to listen, discuss, network and compete. The enduring struggle to find funding means that the choices for startups are ever evolving. has brought together a list of funding options from Lebanese banks and others, especially tailored for Lebanese entrepreneurs.

1. Loans

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PM Says Greece in 'Final Stretch' for Deal with Creditors

Greek Prime Minister Alexis Tsipras on Wednesday said his government is nearing a deal with international creditors on a mammoth bailout, as his spokeswoman raised the prospect of early elections in the fall.

"We are in the final stretch to conclude an agreement with the institutions," Tsipras said in televised remarks.

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Ryanair Flies over 10 Million Passengers in Record Month

Ryanair has flown more than 10 million passengers in a single month, a first for an airline, the Irish budget carrier said Wednesday.

Traffic grew 11 percent in July to 10.14 million passengers compared with the same month a year earlier, Ryanair said in a statement.

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Bloomberg: China Plans Bond Program to Help Spur Economy

China is aiming to issue 1.0 trillion yuan ($164 billion) worth of bonds to fund construction projects to help boost the slowing economy, Bloomberg News reported, quoting unnamed sources.

Two policy banks which lend on government directives, China Development Bank and the Agricultural Development Bank of China, will issue bonds, it said, adding the Postal Savings Bank of China would be the buyer, the report said.

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India's Multi-billion Dollar E-commerce Battle Heats Up

The battle for supremacy in India's bulging e-commerce market between Amazon, Flipkart and Snapdeal is rapidly heating up with multi-billion-dollar investments, trolling on Twitter and squabbling over exclusive selling rights.

Gaining ground after entering India in 2013, Amazon has been embroiled in rounds of one-upmanship with its local counterparts as competition intensifies for a greater slice of the lucrative market.

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Turkey's Troubles Deal New Blow to Stumbling Economy

The end to a ceasefire with Kurdish rebels and political uncertainty after inconclusive June elections are compounding already mounting problems for Turkey's stuttering economy, analysts say.

The resumption of regular attacks by Kurdistan Workers' Party (PKK) rebels in the southeast of the country as Turkish jets bomb their positions in northern Iraq has brought back memories of the 1990s when the country was often in economic, political and security chaos.

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EU Announces Free Trade Deal with Vietnam 'in Principle'

The EU on Tuesday announced a free trade deal "in principle" with Vietnam aimed at removing nearly all tariffs on goods traded between the two countries.

"We have a deal," EU Trade commissioner Cecilia Malmstroem announced as her office said it was "an agreement in principle" in two and a half years of "intense" negotiations for a free trade agreement.

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S&P Downgrades Outlook for EU after Greece Crisis

Standard & Poor's has changed the outlook for the European Union from stable to negative after the bloc's support for Greece and following Britain's decision to vote on leaving the EU, S&P reported Monday.

The decision means the U.S. ratings agency could lower its grade of the European Union -- now at AA+ -- in the next two years.

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Britain Begins Sale of Stake in Bailed-out Royal Bank of Scotland

Britain's government has begun selling its majority stake in bailed-out Royal Bank of Scotland (RBS) to reduce state debt and kick-start the lender's full return to the private sector, the Treasury said Tuesday.

The government has sold 5.4 percent of RBS for £2.1 billion ($3.3 billion, 3.0 billion euros), a statement said.

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Rebooting Greece: How to Get its Economy Going Again

After so much pain, Greece must now figure out how to get its economy back on its feet.

The scale of the country's financial problems is mind boggling — a full quarter of the economy evaporated in the past six years and business activity is now plummeting further. Government cuts needed to qualify for a new bailout will hurt incomes for years to come.

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