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Lebanon Opportunities

Lebanon Opportunities Sep-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
15,59 €(sis. verot)
TILAA
48,61 €(sis. verot)
4 Numerot

tässä numerossa

3 min
playing with fire

“Don’t play with fire.” He even said it twice. Slowly, so we understand. The leader of the yellow party, in a speech, counseled his adversaries – and maybe even his allies – not to venture into territory that in the past led his forces to re-impose the fait-accompli. These words alone are an admission of the existence of that fire, which everybody except for Le Hizb itself, long ago acknowledged. At last, we are all on the same page. Indeed, don’t play with fire! THE FIRE FROM FIREARMS Outside the rhetoric of that party’s faithful, there is a quasi-unanimous consensus that the yellow armada is in control of all elements that constitute the State. But discussion around its legitimacy and role has been muzzled. “It is best to avoid the subject in…

1 min
bits & bytes

SOUND BYTES The ship was refused in Jiyeh because it was named Aïsha. It was changed to Israa to avoid local sensitivities Cesar Abi Khalil, Minister of Energy and Water Have the electricity ship dock in Tripoli and call it Gebran if you wish Fayçal Karami, Tripoli MP Syria has offered us cheaper electricity prices than what we are paying for in our factories and ships Ali Hassan Khalil, Minister of Finance We will seize generators if their owners fail to use metering. Most owners of generators are cheats and thieves Raed Khoury, Minister of Economy and Trade Only five percent of generator owners are non-compliant. The minister called us thieves. This is unacceptable and we will sue him for defamation Abdo Saadeh, Association of Generator Owners Generators are illegitimate, but a fait accompli Salim Jreissati,…

2 min
in good company

MARINA COMING TO ZOUK MOSBEH ‘Dream by the Sea’, a marina with a yacht club and restaurants, is planned for Zouk Mosbeh in 2021. Excavation will start within one month. Dani Khoury and Mark Habka will invest around $25 million in the project. “The project will be similar to Zaitunay Bay in Beirut,” said Habka, who is also the legal representative of the project. The government issued the project a license to operate and invest in a 67,000 square meters (m2) land plot which is on the Zouk Mosbeh seaside beside the power plant. The project will include up to 15 restaurants – most of which are well-known brands – a yacht maintenance center, as well as a spa and gym. The project will create around 1,500 job opportunities. The company…

8 min
money & banking

FRANSABANK LAUNCHES FIRST BIOMETRIC CARD Fransabank said it has launched, in partnership with Mastercard, a biometric payment card with an embedded fingerprint sensor. The biometric authentication technology of the card, which has been introduced on the local market, allows cardholders to complete a purchase without having to use a pin code or signature. “The deployment of biometric cards will be launched in phases to cover gradually our entire customer base,” said Nadim Kassar, General Manager of Fransabank. When making a purchase in-store, cardholders insert their card into the retailer’s terminal while placing their finger on a sensor embedded on the card. The fingerprint must match the one on the cardholder’s records to ensure a successful transaction. L0918-11 $1.7 BILLION SUBSCRIBED IN INVESTMENT FUNDS Total subscriptions in local and foreign investment funds reached $1.7 billion…

3 min
official business

FIRST 50 MB/S INTERNET CONNECTION PUT ONLINE OGERO has installed 36 active cabinets (smart) to its Bchamoun central, as the first milestone in the public fiber optics project FTTX. The project includes ‘Fiber-to-the-Home’ and ‘Fiber-to-the-Cabinet’, and ensures an internet connection speed of at least 50 Mb/s. Imad Kreidieh, Director General of OGERO, said that fiber optic connections will be deployed at 40 additional centrals during the first half of 2019. OGERO expects 467,000 clients to use the FTTX network, increasing from an estimated 125,000 users by year-end 2018, Kreidieh said. End-users will benefit from the 50 Mb/s speed, and will get triple-play services including TV and voice. Three service providers submitted their requests at the Ministry of Telecommunications (MoT) to use the FTTX to provide Internet Protocol TV service (IPTV) and…

9 min
matters of fact

MOBILE DATA USAGE GROWS MORE THAN 50 PERCENT Data consumption through mobile phones continues to increase annually for both mobile operator users, Touch and Alfa (MIC operators). Alfa users consumed 25,000 TB in 2017, a 78 percent increase compared to 2016. Data consumption through the Touch network increased by 66 percent and reached 28,000 TB in 2017. Daily data traffic at Touch has risen to 100 TB, almost double the rate in 2017. Nadim Khater, Chief Commercial Officer at Touch, said that annual data consumption is expected to approach 40,000 TB by the end of 2018. The high appetite for data consumption, according to Khater, partially compensates for the decrease in revenues from traditional voice and SMS services. Mobile users among the two MIC operators seem to have similar trends for…