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Lebanon Opportunities

Lebanon Opportunities May 2015

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
15,25 €(sis. verot)
TILAA
47,52 €(sis. verot)
4 Numerot

tässä numerossa

2 min
beating the cynics

Good news is suspect in our country. I am amazed at the number of people who insist on being negative, even hostile, when confronted with positive developments. I am inviting our readers to peruse the 18 pages of business, investment, and economic commitments divulged just last month (pages 8-35), as well as some of the short features that follow it. These are the news stories you will find, and what the typical cynical responses are. Story: Eight new malls and shopping centers all over the country have been announced Cynic: …but can the market absorb all of them? Story: 40,000 bottles of wines will be exported to China Cynic: Only? It is not worth mentioning for a 1.4 billion population Story: e-Stock market is getting ready, and dealing with derivatives is getting regulated Cynic: There is…

1 min
sound bytes

Since 2005, every public spending and tax perception is illegitimate. The law of the jungle is prevailing, where the strong eats the weak Hussein Husseini, former Parliament Speaker There are interests that are giving the impression that all the measures we are taking are negative Ali Hassan Khalil, Minister of Finance Lebanon has become an island Hussein Hajj Hassan, Minister of Industry The Special Economic Zone in Tripoli (SEZT) will be an investment gate to the country Raya El Hassan, Former Minister of Finance and Chairperson of the SEZT Citizens’ wariness of increased traffic fines is a good indicator for the dissuasive nature of the new law Mohamed Kabbani, Chairman of the Parliamentary Committee of Public Works and Transport Had it not been for the decrease in oil prices, debt/GDP would have been much higher Adnan Kassar, Chairman of the Economic…

26 min
in good company

BUSINESSNEWS.COM.lb 40,000 WINE BOTTLES TO CHINA Chateaux Ksara and Kefraya will export 40,000 bottles of wine to China. In its first order to Beijing and Jilin, Ksara exported 12,000 bottles. Elie Maamari, Export Manager at Chateaux Ksara, said: “There is great potential in the Chinese market, as it has the largest population.” The Chinese consumption of wine is nine liters per capita, compared to two liters locally, per year. “There is good demand for wine in China,” said Maamari. Chateaux Kefraya aims to export 24,000 bottles to China in the coming months. Emile Majdalani, Commercial Director of Chateaux Kefraya, said: “We are communicating with several importers to penetrate this market.” He said that they have great expectations from the purchasing power of the Chinese. According to Maamari, red wine is the most…

8 min
money & banking

BUSINESSNEWS.COM.lb E-STOCK MARKET CLEARED FOR LICENSING The Capital Markets Authority (CMA) is taking the necessary measures to license an electronic stock market, according to the Central Bank (BDL). “The main purpose of this market will be to provide liquidity to Small and Medium Enterprises (SMEs) and find the right exit for emerging companies, if these companies would like to be sold to the public,” said Riad Salameh, Governor of the BDL. “We look also to reducing the private sector debt, which may free funds for investment and create job opportunities,” said Salameh. “This market will allow e-trading in stocks, currencies, goods, and securities with the participation of banks, financial institutions, and brokerage companies,” said Salameh. “Settlements and clearance issues will be supervised by Midclear,” he said. Midclear is the custodian and clearing…

9 min
official business

BUSINESSNEWS.COM.lb OIL SURVEY SHOWS POTENTIAL IN QARTABA AND BEKAA Neos, the US-based company tasked with the airborne geophysical prospectivity mapping of 6,000 square kilometers covering the north and transitional areas along the coastline, confirmed the potential of hydrocarbons in Mount Lebanon and the Bekaa. Chris Friedemann, Chief Commercial Officer at Neos, which ran the Cessna flight survey, said that the indicators showed similar results compared to those seen in other projects known for oil and gas production. Two main ‘depo centers’ are considered specifically interesting, according to the preliminary interpretations of the firm: A mini sub-basin south of Mount Lebanon and east of the Qatarba structure, and a much larger 20 km-wide subbasin in the western margin of the Bekaa Valley. These results were announced as a first look released by Neos…

7 min
matters of fact

BUSINESSNEWS.COM.lb SHARP INCREASE IN INDUSTRIAL LICENSES Industrial permits issued by the Ministry of Industry (MoI) increased by 40 percent to 578 licenses last year, compared to 415 licenses in 2013. Ziad Bekdache, Vice President of the Association of Industrialists, said: “Most of the newly licensed factories are in existence and have finalized the necessary documents to become legitimate.” The MoI had given them a grace period to regularize their status. The number of licenses provided for the establishment of new factories is 98, representing around 17 percent of the total number of licenses issued. Establishment licenses that are given when the owner begins developing the factory, represented the highest percentage (43 percent). Investment licenses, which are given when they start operating, represented around 14 percent, and investment and establishment licenses represented 16…