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WHAT'S NEW
Leaders: LAUMC-Rizk ER becomes amongst largest
A fully integrated ER: All required facilities and equipment are encompassed in it.
Business
Biomertic tech firm starts MENA hub from Beirut - Industrial waste treatment project gets $150.000 grant - Proximie gets $38 million in equity from venture funds - Foreign visitors required to pay hotels in fresh dollars - Sputnik V vaccine will be produced by Arwan
Finance: Banque BEMO buys Bank Audi stake in Ahli Trust Bank
Banque Bemo’s Syrian affiliate Banque Bemo Saudi Fransi has acquired the stake of Bank Audi in Syria’s Ahli Trust Bank (ATB) .
People on the Move
New Born Companies
BUSINESS
Industry: First locally-made car
The sports car with butterfly doors, founded by a Palestinian entrepreneur born in Lebanon, has taken Quds Rise as its brand name.
In My Opinion: Three necessary measures to exit the crisis, Mounir Rached
Fully free exchange rate, target an immediate fiscal balance, and reschedule public and private sector’s debt.
Indicator: Weak purchasing power cuts trade deficit in half
Exports still stagnant despite weaker local currency
FINANCE
In My Opinion: BDL took a decision that costs $6 billion in fresh dollars, Makram Sader
The planned $6.1 covers three areas: the distribution of $400 in cash to depositors, the distribution of the equivalent in lira at the rate of BDL’s foreign exchange platform and reducing the mandatory reserves in foreign currencies from 15 to 14 percent.
COVER STORY
Success factors and success stories of companies piercing through fog and fire
How companies are adapting to rapidly changing business conditions
Food: Innovative Production, Market Expansion, New Products, Lower Cost, Startups
Segments of the agricultural and food production sectors that are faring better than others despite the crisis.
Real Estate: Apartment sales boom is now coming to an end
InfoPro survey: The sharp rise in sales of residential apartments since the beginning of the crisis is forecasted to subside.
Country Report: Falling from grace into worst crisis ever
GDP is lowest in decades and still diving, consumer spending limited to bare necessities and intermittent measures doing more harm than good
BOOK REVIEW
Lebanon’s Six Years of Darkness (2014-2020), Marwan Iskandar
2023
15 successful companies
