Lebanon Opportunities1 min de lecture
Art Community Fundraising Initiatives
AFAC ‘Lebanon Solidarity Fund’ Art Nub Beirut ‘Beirut Fine Art Heritage Rescue’ initiative ArtxRVA4Lebanon Fundraiser in support of reconstruction ArtScoops Charity auction online platform Ayyam Gallery ‘To Beirut…’, with Ammar Abd Rabbo’s photos BIG
Lebanon Opportunities2 min de lecture
Missing The Target
| Banks gave to the least needy Central Bank interest-free loans | Approval: 10 percent for rescheduling, 8 percent of applicants | 25 percent of BDL funds went to new loans for salaries and opex Figures published by the Central Bank (BDL) confirmed
Lebanon Opportunities2 min de lecture
Fine Arts Victim And Rescuer
The Port Explosion rocked the foundations of the fine arts community. The neighborhoods hit worst by the blast were home to the largest concentration of art galleries and cultural institutions. More than 38 galleries, art venues, and museums were wit
Lebanon Opportunities1 min de lectureFinance & Money Management
Calculation Details
The outstanding loans of commercial banks to the resident private sector stood at just above $40 billion at the end of February of this year, with an average maturity of 4.8 years. This means that the average monthly due amount is around $708 million
Lebanon Opportunities1 min de lecture
Lebanon Opportunities
Publisher & editor-in-chief Ramzi El Hafez Responsible manager Iman Chamas Editorial team Gisele Khalaf Shikrallah Nakhoul Printing Photogravure Vartan sarl ■
Lebanon Opportunities3 min de lecture
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 Opportunities5 min de lectureFinance & 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 Opportunities2 min de lecture
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 Opportunities7 min de lecture
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 Opportunities4 min de lecturePolitics
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 Opportunities2 min de lecturePolitics
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 Opportunities14 min de lectureIntelligence (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 Opportunities8 min de lecturePoverty & 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 Opportunities4 min de lecture
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 Opportunities1 min de lectureMedical
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 Opportunities2 min de lecturePoverty & 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 Opportunities6 min de lectureSmall 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 Opportunities11 min de lecture
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 Opportunities1 min de lecture
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 Opportunities3 min de lecture
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 Opportunities1 min de lecture
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 Opportunities1 min de lecture
Calendar
E: Exhibitions | C: Conferences
Lebanon Opportunities6 min de lecture
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 Opportunities1 min de lecture
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 Opportunities7 min de lecturePoverty & 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 Opportunities8 min de lecture
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 Opportunities4 min de lecture
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 Opportunities1 min de lectureInternational 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 Opportunities4 min de lecture
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 Opportunities1 min de lecturePolitics
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
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