Le Charcutier Aoun is not Selling and will Remain 100% Lebanese

For the past three years, I've been hearing rumors about Charcutier Aoun selling out to Al Futtaim but the deal never took place. Negotiations were apparently serious this year but the deal was cancelled and the Charcutier will stay 100% Lebanese. Le Charcutier is one of the oldest and largest supermarket chains in Lebanon with 14 outlets. "The deal, if completed, would probably be the largest acquisition agreement in the retail sector", and would have…

Where is Lebanon Headed?

Mustapha From Beirut Spring shared with me a really important piece by Synaps on Lebanon's economy and where the country is headed to. It's a bit long but an eye opener and a must-read if you ask me. The article tackles everything from debt management, the role of the BDL and its governor Riad Salameh, Circular 331 and starts up, the internet situation, the banking sector, real estate, the role of expats, regional politics and…
Business

Travel & Tourism 2017 Index: Lebanon Among The Least Safe Countries in the World

1 month ago
The 2017 Travel and Tourism Competitiveness Index measures “the set of factors and policies that enable the sustainable development of the travel and tourism sector, which in turn, contributes to the development and competitiveness of ...
Business

Ex-PM Najib Mikati Tops Lebanon’s Billionaires For 2017

1 month ago
Forbes’ 2017 Billionaires list is out and this year’s list was topped by Bill Gates ($86 Billion) followed by Warren Buffett ($75.6 Billion) and Amazon’s Jeff Bezos in third spot with $72.8 Billion. As far ...
Business

#LiveLebanon Wants to Turn your Ideas to Projects

1 month ago
There are plenty of problems in Lebanon that can be solved through small projects and initiatives. These projects may not offer long-term solutions but they can be a good alternative and compensate for the authorities’ ...
Business

Harvard Business Review: Arab Inventors Make the U.S. More Innovative

3 months ago
HBR recently published a research showing how Arab immigrants have made major contributions to American science and technology. The aim is to document the extent of Arab contributions to American innovation at times where the ...
Business

Ma Tne2, De2! Speak up Against Corruption

3 months ago
We all had to bribe someone in Lebanon at some point. I hated the idea and always did everything I could in order not to but it’s simply not possible. Luckily enough, I just had ...
Business

What I Learned As a Jury Member of “Product of the Year”

4 months ago
We’ve all seen the “Product of the Year” (POY) label in red on products’ ads and on supermarket shelves. I myself have been invited several times to attend the ceremonies where the different categories’ POY ...
Business

Would Legalizing Electricity Production & Sales Solve Lebanon’s Power Crisis?

5 months ago
I saw this interesting video on the Lebanese Institute for Market Studies FB page where they are promoting the idea of legalizing electricity production and distribution to solve Lebanon’s Power Crisis. They are arguing that ...
Automotive

Nissan-Renault Boss Carlos Ghosn To Become Mitsubishi Motors Chairman

7 months ago
Carlos Ghosn is getting appointed soon as the new chairman of Mitsubishi Motors and by doing so, will become the first executive to head three different automakers at the same time. The announcement was made ...
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