Spring 2024

Lebanon Opportunities

Quarterly business magazine covering real estate, business, economy and finance

Lebanon Opportunities1 min read
Lebanon Opportunities
Publisher & editor-in-chief Ramzi El Hafez Editorial Shikrallah Nakhoul Dedicated to Leila Osseiran Printing Photogravure Vartan sarl ■
Lebanon Opportunities2 min readInternational Relations
War Is In The Air
Denial is the current password to access any day in a reasonable way. The threat of a devastating war is getting postponed from one week to another for the past seven months, a venomous torture to the economy and national psyche that is almost beggin
Lebanon Opportunities2 min read
In Brief Tidbits
Bank restructuring law is easy to implement, but difficult politically Prime Minister Najib Mikati The politicians want the IMF deal without all its conditions Saadeh Chami, Deputy Prime Minister IMF has no intention to cancel the agreement signed wi
Lebanon Opportunities3 min read
Business
Provided by The United Nations Educational, Scientific and Cultural Organization (UNESCO) said it has included the Lebanese Manousheh in its Representative List of the Intangible Cultural Heritage of Humanity. It described the Manousheh as a quintess
Lebanon Opportunities3 min read
Finance
Provided by Holders of bank deposits in foreign currencies whose accounts were closed or moved from one bank to another after October 31, 2019 will be able to withdraw their funds under Central Bank’s Basic Circular 158, said Wassim Mansouri acting G
Lebanon Opportunities5 min read
Official Business
Provided by Qatar is ready to provide Lebanon, in partnership with France’s TotalEnergies, with three alternative energy plants with a production capacity of 500 megawatts, said the Qatari Minister of State for Energy Affairs Saad bin Sherida Al Kaab
Lebanon Opportunities5 min read
Matters Of Fact
Provided by The number of the poor in Lebanon is estimated to have increased by 26,000 people under the impact of the Gaza war by the end of the sixth month of the fighting, according to a joint report by the United Nations Development Programme (UND
Lebanon Opportunities6 min read
Socio-economic Development
Provided by The Ministry of Agriculture (MoA) has signed an agreement with the Food and Agriculture Organization of the United Nations (FAO) for a project to improve food production and food security, the United Nations (UN) said in a statement. The
Lebanon Opportunities3 min read
People Onthe Move
CEO of Atria Solutions Elias Houayek has been appointed as CEO of Atria Solutions. He was previously a founder and CEO of Data Consult. Houayek said Atria Solutions plans to expand existing services and introduce new ones including solutions and serv
Lebanon Opportunities4 min read
New Born Companies
Name Solar Care Sal Capital (Shares) LL100,000,000 (1,000) Directors Michel Bassel Bayoud (Chairman & Gen. Mgr.) (490), Nasser Farouk Berbir (500) Raeda Farouk Berbir (10) Address 10th floor, Point A bldg., Hotel Dieu str., Ashrafieh Object General t
Lebanon Opportunities15 min read
Country Report
I FX reserves up $1 billion I A balanced State budget I War thwarts return to GDP growth The decision of the Central Bank (BDL) to stop lending to the State has resulted in a $1.1 billion increase in its foreign currency reserves in less than eight m
Lebanon Opportunities6 min read
$7.6 Billion Required For Investment In Climate-related Infrastructure Projects
The country needs to invest an estimated $7.6 billion in the energy, water, transport, and solid waste sectors between 2024 and 2030 in order to align its economic recovery with cost-effective climate action, according to the World Bank’s Lebanon — C
Lebanon Opportunities3 min read
Banks Live By Fees Alone
Banks continue to rely on fees amid narrow interest margins and stagnant lending activity. The fees they are charging on fresh accounts remain high. According to a survey by InfoPro Research on the 20 retail banks still active, some of the fees have
Lebanon Opportunities11 min read
Wassim Manssouri explains
| Returning deposits is a process | BDL has established monetary stability at no cost | It will never lend the State again In a talk organized by LeadersClub – by Lebanon Opportunities, Acting Governor of the Central Bank (BDL) Wassim Manssouri laid
Lebanon Opportunities5 min read
Badaro
Badaro has been attracting middle class residents due to its central location and relative affordability. It has also turned into an active business hub. The district is witnessing a rising rental demand by food and beverage (F&B) businesses (pubs an
Lebanon Opportunities2 min read
Non-residential Rent To Be Freed In Two To Four Years
Parliament has passed a law that liberalizes old rental contracts of non-residential properties from constraints legislated in 1963 after extending them for a period of four years during which the rental rate will be gradually increased. Non-resident
Lebanon Opportunities5 min read
Badaro Is Business-centric
The hub of food and beverage (F&B) outlets in Badaro has outperformed peers in the rest of Beirut by recording the highest rate of newly opened F&B businesses since 2019 and the lowest decline in number of outlets. The once quiet middle-class residen
Lebanon Opportunities2 min read
Pension System Law Is Finally Promulgated
Parliament has passed a law to establish a retirement pension system for life that will replace the existing end-of-service indemnity scheme of the National Social Security Fund (NSSF). Pension values will be indexed to inflation and adjusted on a ye
Lebanon Opportunities2 min read
Decentralized Renewable Energy Generation Approved
The ‘Decentralized Renewable Energy Power Generation’ project is now ratified into law by Parliament. It allows private sector renewable energy producers to sell electricity and to connect their power generation system to the grid of Electricité du L
Lebanon Opportunities10 min read
Franchising Restaurants Abroad Is Growing Driven By Rising Demand
Restaurants continue to franchise their brands abroad as demand by potential franchisees is growing especially from the Gulf region and other Arab countries like Iraq, Jordan and Egypt. There is also demand from faraway countries across the world inc
Lebanon Opportunities7 min read
Production Of Inputs Is Growing
Production of agricultural inputs is growing on the local market driven by the crisis and an increasing interest in health and environmental issues as well as in food security. Manufacture of composts and bio-fertilizers is advancing while making bio
Lebanon Opportunities2 min read
Producers Of Agricultural Inputs
The SBR, the largest protected area in Lebanon, extends over 50,000 hectares – or five percent of the country’s total area. It includes the Shouf Cedar Nature Reserve and Ammiq Wetland in the Bekaa and is surrounded by 24 villages with over 70,000 in

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