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Lebanon Opportunities

Lebanon Opportunities Jul-18

Lebanon Opportunities is a quarterly business magazine that covers: Finance, Real estate, Economy, and Local business. Lebanon Opportunities has tens of thousands of readers in Lebanon and across the globe. It is the prime local business magazine in Lebanon in terms of readership, advertising, and name-awareness. Lebanon Opportunities is written to a target of small business owners, entrepreneurs and middle management, as well as to Lebanese living abroad. It aims at bringing complex business issues in a simple manner understandable by readers who are not experts and whose English language is not the mother tongue.

Lue lisää
Maa:
Lebanon
Kieli:
English
Julkaisija:
InfoPro Management SARL
Jakeluväli:
Quarterly
OSTA IRTONUMERO
16,06 €(sis. verot)
TILAA
50,06 €(sis. verot)
4 Numerot

tässä numerossa

3 min
and now, the end is…not near

The formation of the Cabinet is facing the usual tug-of-war between the dozen large and small players represented in the new Parliament. So far, nothing is out of the ordinary. The Cabinet will be formed by the time you’re reading this…Or a few months later. Those urging a quick formation are crying wolf, predicting an imminent economic crisis should forming a government take too long. Not so. FALSE RUMORS ARE AGAIN MAKING THE ROUNDS Rumors about impending economic apocalypse and the collapse of the local currency have, for the nth time, rattled people. The prophecy has not been fulfilled before, and will not be this time around. It is pushing some people to shift their savings to less profitable and not necessarily less risky alternatives. Propagating false or unfounded rumors is unethical…

1 min
bits & bytes

SOUND BYTES The world is waiting for a clear process in order to help us and a clear project that the law is above all and bigger than all Prime Minister Saad Hariri Will continue through economic diplomacy to open new markets for Lebanese wine and increase its exports Gibran Bassil, Minister of Foreign Affairs Lebanese wine has become a distinguished ambassador of Lebanon in all international forums Louis Lahoud, Director General of the Minister of Agriculture Lebanon ranks 32nd in the world in terms of health care Ghassan Hasbani, Deputy Prime Minister and Minister of Health We are ready to support Lebanon in achieving universal health care Christina Lassen, Head of the Delegation of the European Union to Lebanon International reports indicate a stable situation in spite of difficulties Ali Hassan Khalil, Minister of Finance Hundreds of institutions worldwide are interested in…

7 min
in good company

LEBANON IN NATIONAL GEOGRAPHIC’S BEST SUMMER LIST National Geographic has included Lebanon on its list of the best summer trips in 2018, particularly due to its food and beverages. “Often overlooked as a culinary destination, Lebanon crafts the ideal summer mezze table in an equally ideal temperate climate,” said National Geographic. In 2016, Travel and Leisure ranked Beirut as the best international city for food. “Selecting the country as one of the best summer trips will boost tourism to a large extent, and will attract more Europeans,” said Wadih Kenaan, Secretary General of the Syndicate of Hotel Owners. The delicious and varied local cuisine is one of the top attributes that attract tourists, said Kenaan. The number of European tourists is increasing, with 565,000 visiting Lebanon last year. Besides the delicious…

6 min
money & banking

BERYTECH FUND INVESTS IN CAPITAL BANKING SOLUTIONS Berytech Fund II has acquired a stake in software developer Capital Banking Solutions (CBS) for $5 million. Both parties declined to disclose the new shareholding distribution. Sources close to the deal estimated Berytech’s share to be under 40 percent. Samer Hanna, Chairman of CBS, said that the proceeds will be used for geographical expansion as well as the creation of new products. “We will beef up our team in order to grow faster,” he said. The company plans to enter the Gulf region. It is also in the process of entering the Greek market, and plans to expand to oil-rich countries in Eastern Europe, according to Hanna. CBS plans to expand its investment in the digital industry as it believes in the full digitalization…

10 min
official business

GOVERNMENT SUBSIDIZES COST OF WORLD CUP BROADCAST Satellite television subscribers are able to watch the 2018 World Cup football games free of charge. These subscribers include households that buy the service from satellite television providers, representing around 70 percent of households in the country, according to Arij Mansour, Executive Manager at Sama, exclusive distributor of beIN SPORTS channels locally. beIN SPORTS is the exclusive broadcaster of the World Cup in the MENA region. The government has signed an agreement with Sama to cover broadcast costs, Mansour said. Households with receivers from providers such as Cablevision can buy the World Cup Package for $100. Restaurants will not be allowed to show the World Cup free of charge, because they will be required to buy a package from Sama, Mansour said. However, Sama…

4 min
matters of fact

NEW FACTORIES DOUBLE IN FIVE YEARS The Ministry of Industry (MoI) issued 652 industrial permits last year, two percent fewer than in 2016. These include new establishments, expansions, exploitation permits, and renewals. The MoI issued 193 licenses for the establishment of new factories last year, a 22 percent drop from 2016, but double the number of licenses issued in 2012. “These numbers indicate that investors’ appetite for putting money in the industrial sector is growing,” said Dany Gedeon, Director General at the Ministry. MoI data shows that the number of factories opening annually is double the number of those closing, Gedeon said. “A wide array of the factories shut down due to reasons not related to the economic situation, such as business partners falling out,” he said. Mounir Bissat, Chairman of…