Holidays Tourists Spending Down by 30% in 2017, NYE Parties Booking Ratio Up to 80%

The Syndicate of Owners of Restaurants, Cafes, Nightclubs & Pastries in Lebanon stated a week ago that spending during the holidays has dropped by 30 to 40% this year when compared to last year. He did mention ​الإنفاق السياحي​ but then continued to say that the purchasing power has dropped significantly for Lebanese citizens due to the economic crisis we're currently in, so I'm guessing he means the overall spending during the holidays not just…

VAT is Officially 11% Now in #Lebanon

The increase in VAT from 10 too 11% officials went into effect yesterday on Jan 1st 2018. The 1% increase is expected to lead to a 5 to 7% increase in the prices of goods, which probably already took place after the increase was announced back in July. It's difficult to predict the impact of this hike but businesses are expected to struggle as well as consumers will start spending less, which could lead to…
Business

Lebanon’s Central Bank Prohibits The Use of Bitcoin

1 year ago
A friend posted yesterday about BDL’s ban of bitcoin in Lebanon so I remembered an old draft I had not published yet about that matter. One month ago, during the 7th CSR Lebanon Forum, Central ...
Business

Beirut Ranked 101st Most Stressful City in the World

1 year ago
An online website (Zipjet) ranked the least and most stressful cities in the world using various factors such as green spaces, public transport, mental health, noise pollution, sunshine hours, air pollution, traffic and race equality. ...
Baladi

12 Lebanese Women in Forbes’ Top 100 Most Powerful Arab Businesswomen 2017 List

1 year ago
The 2017 Forbes list of the 100 most powerful Arab Businesswomen is out and 12 Lebanese women made the list. Forbes collects information from annual reports and company websites and look at criteria such as ...
Business

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

1 year ago
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 ...
Business

Where is Lebanon Headed?

1 year ago
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 ...
Business

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

1 year 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 year 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 year 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’ ...
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