Anghami Becomes First Arab Tech Company To Get Listed on NASDAQ NY

Anghami has officially completed a merger with Vistas Media Acquisition Co. Inc., a publicly traded special-purpose acquisition company and is now the first ever Arab technology company to list on NASDAQ New York. The transaction is expected to close in Q2 of 2021 and will value the company at between $220 million and $230 million according to co-founder and CEO of Anghami Eddy Maroun. Anghami has recently moved its headquarters from Beirut to Abu-Dhabi, and…

List of Private Companies Authorized to Import COVID-19 Vaccines

Lebanon's Health Ministry stated earlier this week that it has authorized 20 private companies to import COVID-19 vaccines, but a Ministry official said the local companies “have so far faced rejection from the companies that manufacture the vaccines.” This is the list as found online: I don't know why Pfizer and Moderna are not on the list. Someone stated the companies faced rejection from MODERNA but another source mentioned negotiations were postponed. Manufacturing companies are…

Troubling Numbers In The First Vaccination Report By The Central Inspection

Joelle M. Abi-Rached published on twitter the full report by the Central Inspection following the first week of COVID-19 vaccination in Lebanon. Looking quickly at the numbers in the report below: - 28,080 doses of Pfizer/BioNTech were received but the reported numbers are 15,241 . Yesterday, the number of doses administered was 34,664 out of around 60k. Where are the remaining doses? - AUB has vaccinated almost 47% people outside the national platform. Tebnin 91.6%!…

LSE Study: Questioning The Effectiveness of Foreign Aid to Lebanon

Valentina Finckenstein, the author of this LSE Ideas study entitled "How International Aid Can Do More Harm Than Good: The Case of Lebanon", questions the effectiveness of international aid to Lebanon throughout the last three decades and how it played a role in keeping this entrenched Lebanese political structure alive, among other things. To give you an idea on how much money we're talking here, it is estimated that in the post-war period between 1993–2012,…
Economics

Lebanon Minimum Wage (in $) Has Dropped by Over 90%

4 years ago
The minimum wage in Lebanon is LL675,000 which was the equivalent of $450 prior to October 2019, is now worth 70$ ONLY! And given the rate at which the LIRA is deteriorating recently, it will ...
Humor

Information Minister Manal Abdel Samad is Joining The World’s Longest Zoom Meeting

4 years ago
The Lebanese Ministry of Information tweeted yesterday that minister Abdel Samad has received an invitation to host the longest Zoom meeting in the world that is expected to last more than 28 hours. The event ...
Fun

Netflix “Inhuman Resources”: Starring Eric Cantona, Directed by Ziad Doueiri

4 years ago
I put “Inhuman Resources” on my to-watch list a while back because it featured Eric Cantona, but I hadn’t noticed the director is Ziad Doueiri until I began streaming it. Doueiri is a Lebanese-French director ...
Baladi

The Lebanon Outsourcing Initiative by B.O.T

4 years ago
A new and exciting initiative was launched this week aimed at linking global companies to Lebanese professionals in the digital, technology, creative, finance and other fields. The [Lebanon Outsourcing Initiative], launched by Bridge. Outsource. Transform ...
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