The hub of food and beverage (F&B) outlets in Badaro has outperformed peers in the rest of Beirut by recording the highest rate of newly opened F&B businesses since 2019 and the lowest decline in number of outlets. The once quiet middle-class residen

Name Solar Care Sal Capital (Shares) LL100,000,000 (1,000) Directors Michel Bassel Bayoud (Chairman & Gen. Mgr.) (490), Nasser Farouk Berbir (500) Raeda Farouk Berbir (10) Address 10th floor, Point A bldg., Hotel Dieu str., Ashrafieh Object General t

Provided by Qatar is ready to provide Lebanon, in partnership with France’s TotalEnergies, with three alternative energy plants with a production capacity of 500 megawatts, said the Qatari Minister of State for Energy Affairs Saad bin Sherida Al Kaab

Production of agricultural inputs is growing on the local market driven by the crisis and an increasing interest in health and environmental issues as well as in food security. Manufacture of composts and bio-fertilizers is advancing while making bio

Restaurants continue to franchise their brands abroad as demand by potential franchisees is growing especially from the Gulf region and other Arab countries like Iraq, Jordan and Egypt. There is also demand from faraway countries across the world inc

Badaro has been attracting middle class residents due to its central location and relative affordability. It has also turned into an active business hub. The district is witnessing a rising rental demand by food and beverage (F&B) businesses (pubs an

Provided by The Ministry of Agriculture (MoA) has signed an agreement with the Food and Agriculture Organization of the United Nations (FAO) for a project to improve food production and food security, the United Nations (UN) said in a statement. The

Banks continue to rely on fees amid narrow interest margins and stagnant lending activity. The fees they are charging on fresh accounts remain high. According to a survey by InfoPro Research on the 20 retail banks still active, some of the fees have

The ‘Decentralized Renewable Energy Power Generation’ project is now ratified into law by Parliament. It allows private sector renewable energy producers to sell electricity and to connect their power generation system to the grid of Electricité du L

I FX reserves up $1 billion I A balanced State budget I War thwarts return to GDP growth The decision of the Central Bank (BDL) to stop lending to the State has resulted in a $1.1 billion increase in its foreign currency reserves in less than eight m

Provided by Holders of bank deposits in foreign currencies whose accounts were closed or moved from one bank to another after October 31, 2019 will be able to withdraw their funds under Central Bank’s Basic Circular 158, said Wassim Mansouri acting G

Provided by The United Nations Educational, Scientific and Cultural Organization (UNESCO) said it has included the Lebanese Manousheh in its Representative List of the Intangible Cultural Heritage of Humanity. It described the Manousheh as a quintess

| Returning deposits is a process | BDL has established monetary stability at no cost | It will never lend the State again In a talk organized by LeadersClub – by Lebanon Opportunities, Acting Governor of the Central Bank (BDL) Wassim Manssouri laid

Parliament has passed a law to establish a retirement pension system for life that will replace the existing end-of-service indemnity scheme of the National Social Security Fund (NSSF). Pension values will be indexed to inflation and adjusted on a ye

The country needs to invest an estimated $7.6 billion in the energy, water, transport, and solid waste sectors between 2024 and 2030 in order to align its economic recovery with cost-effective climate action, according to the World Bank’s Lebanon — C

Parliament has passed a law that liberalizes old rental contracts of non-residential properties from constraints legislated in 1963 after extending them for a period of four years during which the rental rate will be gradually increased. Non-resident

Provided by The number of the poor in Lebanon is estimated to have increased by 26,000 people under the impact of the Gaza war by the end of the sixth month of the fighting, according to a joint report by the United Nations Development Programme (UND

Many businesses are adopting winning product strategies to boost their profits by better serving customer needs. Some of these policies focus on offering basic consumer products, such as cleaning products, at affordable prices to compete with more ex

A survey by InfoPro Research shows that a large number of companies are continuing to adjust salaries upwards. The survey indicates that wages are still worth half their value before the crisis in terms of real dollars. The trend is likely to extend

The World Bank and the European Bank for Reconstruction and Development (EBRD) have revised up their estimates for GDP growth in 2023. Both banks expected the economy to record positive growth instead of a contraction as predicted in earlier reports.

The surge in tourism activity in Batroun continues to act as a catalyst that spurs the real estate market in the northern town. At a time when large-scale conventional development work is still stagnant due to the lack of bank financing, renovation w

Continuous upward adjustment of bills and taxes to the exchange rate will increase inflationary pressures. The premium enjoyed by dollar incomes, including salaries and remittances, will be gradually eroded by the increasing dollarization of the econ

The Financial Action Task Force (FATF), a financial crime watchdog, has granted Lebanon a one year grace period to implement financial, monetary, and banking reforms before placing it on the ‘Jurisdictions under Increased Monitoring’, also known as t