VOL. XLIV

No 47

19-November-2001

LEBANON

Bank Of Beirut, Lebanese CanadianBank Launch First Fund In Lebanese Pounds

The Bankof Beirut and Lebanese Canadian Bank announced on 13 November that they hadlaunched the Beirut Income Fund, the first fund denominated in Lebanese pounds.They said the move also marks the first time two Lebanese banks are joiningforces to offer an investment instrument geared towards Lebanese investors. TheBank of Beirut is to act as the fund manager, the Lebanese Canadian...