Company bulletin

On the occasion of his visit to Lebanon, Rodolphe Saadé, chairman and chief executive officer of the CMA CGM Group, came to inaugurate “The Hub” digital center on December

27, 2019. Through this center located in Beirut Digital District, CMA CGM once again confirms its commitment to contributing to the development of the already recognized digital and numeric ecosystem in Lebanon.

Since the beginning of the economic crisis in Lebanon,

Banque BEMO has stayed beside its clients, trying to find the adequate solutions while reducing its global exposure. As the crisis is getting more mature, Banque BEMO has decided to grant loans again.

MIT Enterprise Forum (MITEF) Pan Arab announced the semifinalist teams who will officially be competing in the 13th edition of MITEF’s Arab Startup Competi

tion. The semifinalist teams are competing in one of three different tracks: startups, ideas, and social entrepreneurship.

The European Bank for Reconstruction and Develop

ment is investing $60 million to become a shareholder in Infinity

Energy S.A.E., one of Egypt’s leading private energy companies through the issuance of new shares. 42

BLOM Bank sal is pleased to inform its shareholders that the extraordinary general assembly held on January 14 at the bank’s headquarters approved the terms and conditions of the first increase of the bank’s tier one capital by 10 percent of its common equity tier one, in an amount equivalent to $261.94 million through cash contributions to capital in US dollar in accordance with the provisions of BDL intermediate circular No. 532 (intermediate Decision No. 13129) dated November 4, 2019.

LGB BANK sal announces that it had finalized the increase of its equity through a cash contribution in US dollars equivalent to 10 percent of common equity tier one as of December 31, 2018, during the ordinary general assembly meeting of shareholders held on January 14. Through this, LGB BANK has complied with the terms of BDL intermediate circular No. 532, dated November 4, 2019 and increased its equity to maintain strong capitalization.

The Lebanon Enterprise and Employment Programme (LEEP) funded by the United Kingdom Agency for International Devel

opment is a program supporting small and medium enterprises in Lebanon, helping them grow their business and create jobs by providing funding and business development services (BDS). LEEP partners with banks, micro-finance institutions, and BDS experts to stimulate growthoriented financing and provide business support.

Huawei, a global provider of information and communications technology infrastructure and smart devices, has entered into a strategic alliance with SABIS® —a global education management organization—which will use Huawei’s technology to uplift their IT infrastructure on the school and the corporate level.

LG Electronics took home the most awards ever from industry experts at CES® , more than 150 honors this year, led by the Best

TV of CES Award for the sixth consecutive year. With 80 percent of its funds generally coming from Lebanon, the Children’s Cancer Center of Lebanon (CCCL) is facing extremely challenging times as donations have drastically decreased. Therefore, CCCL launched its Rescue Fund, on December 18, 2019, with a target of $10 million.

Samsung Electronics, Co.,

Ltd. opens a new era of kitchen design in the Lebanese market with the introduction of its new

BESPOKE refrigerator lineup and the first product in its new premium built-in lineup—the Dual Cook Steam oven.

On January 15, Berytech officially launched its A.C.T Smart

Innovation Hub in the presence of H.E. Jan Waltmans, ambassador of The Kingdom of the Netherlands in Lebanon, and Maroun N. Chammas, chairman and CEO of Berytech. The Agri-Food & CleanTech (A.C.T.) Smart Innovation Hub is a new out-of-the-box approach by Berytech aimed at strengthening business advancement, economic growth, and job creation in the agri-food and cleantech sectors in Lebanon.

With its individual design and equipment features, the new MINI Convertible Sidewalk offers ideal conditions for making an extroverted appearance in urban traffic. Market launch is March 2020.

The Christmas spirit could truly be felt at LAU Medical

Center-Rizk Hospital on December 30, 2019 when a group of teenagers from the Marial Apostolic

Movement - St. Maroun, Jeita visited cancer patients to distribute presents and spread joy and love around the holiday season. The Department of Psychiatry at the American University of Beirut and its Medical Center ( AUBMC) launched the new

Center” on January 9. This center, the first-of-its-kind in Lebanon and the region, is an outpatient multidisciplinary setting providing specialized assessments, interventions, referrals, awareness, training, and research to a wide population of persons with learning difficulties, their parents, and other professionals involved.

Maserati pays tribute to its heritage with the launch of the Royale special series, available across all models with V6 engines featured in the current Maserati range.

The Tag Heur Autavia timepieces reintroduced in 2017 and 2019 make up a stand-alone collection of models that boast the versatility, ruggedness, and reliability that characterized the original Autavia watches produced in the 1960s.

As an e-mobility pioneer, the

BMW Group has reached another electromobility milestone and already delivered half a million electrified cars to customers worldwide.

Hyundai Motor Company unveiled at CES 2020 its innovative vision for urban mobility to help vitalize human-centered future cities. To realize the vision, Hyundai Motor showcased three mobility solutions, comprising Urban Air Mobility, Purpose Built Vehicle, and Hub, a place for mobility transfer and community activities. Samsung Electronics Levant announced on January 5 that it achieved a new record in sales of Samsung smart phones within four days, after running out of the initial stock of its latest smartphone, Galaxy Fold, which was available for purchase in Lebanon through its website.

In a joint effort to enhance the business opportunities between high-impact entrepreneurs and Lebanese investors and strengthen the ties between the local entrepreneurial community and the network of Lebanese business diaspora, Endeavor Lebanon and Lebanese International Finance Executives (LIFE) organized a speed mentoring session targeting 15 high-growth companies on December 27, 2019.

LAU Medical Center-Rizk Hos

pital announced that Dr. Fares H. Zaitoun, clinical assistant professor in allergy/immunology has received a special recognition award from the World

Allergy Organization during its annual World Allergy Conference held December 11-14, 2019 in Lyon, France.