$1.3 billion in subscriptions to investment funds in 2018.

Subscriptions to local and foreign investment funds dropped by $371 million, or 22 percent, to $1.32 billion in 2018 compared with the previous year, according to the Annual Report of the Capital Markets Authority (CMA).

The number of subscribers fell by 12 percent, to around 8,100 subscribers.

The number of the funds, also known as collective investment schemes (CISs), increased 24 percent, to 651 CISs.

Subscriptions to local funds plunged by $259 million, or 33 percent, ...

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Dehydrated chips factory to open in Jezzine.

Agro Food Industries, Trading, and Technologies (Agrofitt) will open a chips factory in Al Bayader, Jezzine late this month.

Agrofitt will produce a diversified line of dehydrated chips from several types of fruits and vegetables, starting with apples and bananas. There will be several flavors from each product.

The company in collaboration with Saint Joseph University (USJ) has worked on developing the products. "All the experimental tests of the products were conducted in the u...

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