Lebanon OpportunitiesLeitura de 1 mins
Lebanon Opportunities
Publisher & editor-in-chief Ramzi El Hafez Responsible manager Iman Chamas Editorial team Gisele Khalaf Shikrallah Nakhoul Printing Photogravure Vartan sarl ■
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One Third Of Street-level Firms To Be Reopened By Year-end
Around 70 retail outlets and businesses that took a heavy toll from the Port Explosion are back in business. More than 40 others are busy restoring their premises and are planning to resume their commercial activities in the next few weeks. They repr
Lebanon OpportunitiesLeitura de 5 minsFinance & Money Management
Controversy Surrounds Repaying Dollar Loans In Lira
The Central Bank (BDL) has required banks and financial institutions to accept the repayment of retail foreign currency loans in lira at the official exchange rate of LL1,507.5. The move is part of BDL’s efforts to ensure monetary stability and prote
Lebanon OpportunitiesLeitura de 2 mins
I Will Survive
Our country is inhabited by conflicting souls. One is that of its citizens. Another is that of its leadership. Then there is the dark matter overpowering the two. Looking back, we find, on the one hand, people rushing to uplift the nation, and on the
Lebanon OpportunitiesLeitura de 7 mins
We Are The Champions
A provider of logistics and freight services resumed operations the second day of the Port Explosion from makeshift tents – right at Ground Zero. In Gemmayzeh, a cocktail and juice shop reopened its doors, even before repairing its shattered façade.
Lebanon OpportunitiesLeitura de 4 minsPolitics
GDP Will Shrink By More Than 20 Percent
The country continues to reel under its multiple crises. The huge explosion at the Port of Beirut, the latest addition to the country’s woes, is expected to worsen further the deep recession. Inflation is skyrocketing while public revenues are plungi
Lebanon OpportunitiesLeitura de 2 minsPolitics
In Brief Tidbits
There will be no blank checks. Reforms and concrete action are indispensable French President Emmanuel Macron Everyone knows what reforms need to be done – except the politicians Jean-Yves Le Drian, French Minister of Foreign Affairs We encourage mov
Lebanon OpportunitiesLeitura de 14 minsIntelligence (AI) & Semantics
Adapting Against The Odds
To varying degrees, the adverse economic and financial conditions have been detrimental to private sector companies. Some of them have been able to continue business almost as usual while a few are thriving and achieving noticeable success. Their ach
Lebanon OpportunitiesLeitura de 8 minsPoverty & Homelessness
Subsidies
InfoPro Research has estimated that subsidies by the State and the Central Bank (BDL) are consumed mostly by the non-poor, when measured in terms of money value. According to a study it has undertaken, the poor’s share is under 25 percent of the tota
Lebanon OpportunitiesLeitura de 4 mins
What’s New Leadersclub
The NET Group, a logistics and freight solutions provider, has recently opened an automated logistics center designed for e-commerce. The center, located in Karantina, provides faster pick and pack as well as delivery services to e-commerce clients w
Lebanon OpportunitiesLeitura de 1 minsMedical
Quod Vide* Response
* Go see in Latin The challenges caused by Covid-19 have pushed the business community and other players to come up with innovative solutions to face the pandemic. Manufacturers, startups, incubators/accelerators, NGOs, professionals, and universitie
Lebanon OpportunitiesLeitura de 2 minsPoverty & Homelessness
Calculating The Share Of The Poor In Subsidized Products
The ‘Poor’ consume on average less than 25 percent of the total value of products and services subsidized by the State and the Central Bank. The calculation was based on LL34,500 as a new daily income threshold for the ‘Poor’ category. The weighted a
Lebanon OpportunitiesLeitura de 6 minsSmall Business & Entrepreneurs
Business
ESA Business School has launched a computer coding school ‘ESA Coding Lab’ that will open next January. “We have teamed up with ITESCIA, a French information technology school which operates a ‘Coding Factory’, in order to benefit from their expertis
Lebanon OpportunitiesLeitura de 11 mins
Apartments Replace Bank Deposits
Real estate sales are soaring at a time when almost every other economic segment is suffering. The number of sale transactions increased 49 percent to more than 55,000 in the first nine months of 2020 compared with the same period a year earlier. The
Lebanon OpportunitiesLeitura de 1 mins
Economic Indicators
Up and Down. The first six months of the year have recorded negative economic and business performance, the worst in recent history. Only real estate has seen its numbers up, not as result of sector growth, but rather as a hedge against a possible ha
Lebanon OpportunitiesLeitura de 3 mins
Official Business
Alvarez & Marsal (A&M) is performing forensic audit of the Central Bank (BDL) under a contract with the Ministry of Finance. KPMG and Oliver Wyman are carrying out the financial audit. A&M is a global consultancy that provides restructuring and turna
Lebanon OpportunitiesLeitura de 1 mins
Surge Or Decline In Prices?
Real estate sales more than doubled in terms of value in the first nine months of 2020 to LL15.2 trillion compared with the same period of last year. The limited supply and the surge in demand have predictably resulted in the rise in prices in ‘lolla
Lebanon OpportunitiesLeitura de 1 mins
Calendar
E: Exhibitions | C: Conferences
Lebanon OpportunitiesLeitura de 6 mins
Finance
Banque BEMO has allocated $100 million to provide fasttrack loans to people hurt by the ports explosion and who want to rebuild their houses, offices, or restore their equipment. Cars and home appliances are among the items that maybe considered as ‘
Lebanon OpportunitiesLeitura de 1 mins
Investing In Real Estate Shares
People who want to preserve their savings and who cannot afford to buy real estate properties have resorted to buying shares of Solidere whose prices in lollars almost tripled compared with a year ago. Although the share price has tripled but it is p
Lebanon OpportunitiesLeitura de 7 minsPoverty & Homelessness
Matters Of Fact
The Consumer Price Index (CPI) increased by 80 percent during the first six months of this year, when values are denominated in lira. In the previous six months ending in 2019, the index rose by just six percent. The total increase for the past 12 mo
Lebanon OpportunitiesLeitura de 8 mins
Business Law
The Caesar Act is a US legislation that imposes sanctions on the Syrian regime. Entities that provide support to the regime or that are associated with it directly or indirectly are targeted by the sanctions. Lebanon, which has close economic ties wi
Lebanon OpportunitiesLeitura de 4 mins
People On The Move
Bankmed Chair Former Minister of Finance Raya Haffar El Hassan has been elected Chairperson of the board of directors of Bankmed. “Her experience in working under tough conditions, in addition to her thorough knowledge of Bankmed will allow her to pl
Lebanon OpportunitiesLeitura de 1 minsInternational Relations
Caesar Act And Its Potential Fallout
The ‘Caesar Syria Civilian Protection Act of 2019’, better known as the Caesar Act, imposes sanctions on the Syrian regime for war crimes against the Syrian population. It was signed into law by the US President on December 20, 2019 and came into for
Lebanon OpportunitiesLeitura de 4 mins
New Born Companies
Name 4T Sal Capital (Shares) LL1,507,500,000 (301,500) Directors Wael Said Far (Chairman) (226,125), Rachad Mouin Khorchid (30,150), Hamze Khodre Ajouz (45,225) Reg. address 5th Floor, Saifi Plaza Building, Beirut Central District Object General trad
Lebanon OpportunitiesLeitura de 1 minsPolitics
Importing Electricity At Stake
The Caesar Act sanctions target the Syrian energy sector. This prevents Lebanon from importing electricity from Syria which it needs to fill part of the huge gap in power generation which cannot meet the demand for electricity. The electricity link w
Lebanon OpportunitiesLeitura de 1 mins
Picking Up The Pieces
The Port Explosion has resulted in a preliminary estimate of $8 billion in direct damages. The losses become more substancial when factoring in the indirect impact, the opportunity cost, and the multiplier effect of the demise of many businesses. Min
Lebanon OpportunitiesLeitura de 1 mins
Mixed Impact On Smuggling
The Caesar Act will have mixed effects on ongoing smuggling between Lebanon and Syria. On the one hand, it encourages contraband activities as restrictions on official trade become stringent. On the other hand, the inability of the Lebanese governmen
Lebanon OpportunitiesLeitura de 9 mins
Loss Assessment
Overall damage resulting from the explosion is substantial and ranges between $3.8 billion and $4.6 billion, with economic losses ranging between $2.9 billion and $3.5 billion, according to the ‘Beirut Rapid Damage and Needs Assessment’ report, relea
Lebanon OpportunitiesLeitura de 1 minsCooking, Food & Wine
Exports By Land Are Limited
Exports via Syria represent a small portion of Lebanon’s international trade. Almost all industrial exports to Gulf countries are transported by sea with land exports practically confined to agricultural produce. Very few industrial products are expo
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