Lebanon Businessnews News
 
Business

Chaouki Abdallah
new LAU President
Hails from Georgia Tech with engineering and university administration background
Business

Al Habtoor cancels
TV channel project
Following threats and orchestrated campaigns
Business

72 percent of Southern
farmers lost source of income
60,000 olive trees burned, poultry losses reach 340,000 birds
Business

Al Habtoor to start
TV channel in Lebanon
Will create 300 jobs
Business

Minimum salary
set at LL18 million
More than doubled but still less than half pre-crisis level
Business

$7.6 billion needed for
climate-related projects
Targeted sectors: Energy, water, transport, and solid waste, as per World Bank report
Business

Port of Beirut revenues
increase to $150 million
Number of handled containers rises to 800,000 TEUs
Business

Hotel occupancy
dropped in 2023
Decline driven by Gaza war and Airbnb competition
Business

Monoprix is back via
franchise to Spinneys owner
First store to open in Hamra this year
Business

Manara Dairy builds plant,
adds butter and new cheeses
Total investment of $7 million
Business

Number of firms reporting
sales growth rises four times
Average increase in terms of value was 42 percent
Business

Airport passenger
traffic up 12 percent
Visitors include 1.7 million tourists
Business

Decentralized renewable
energy generation approved
To add up to 1,200 MW but awaits launch of regulatory authority
Business

Non-residential rent to be
freed in two to four years
Gradual increase in rental rate
Business

Pension system law
is finally promulgated
Will not go into effect before two years
Business

77 percent of employers
increased salaries in 2023
Still, wages are almost half pre-crisis levels
Business

Active apartment sales
mainly high-end and small
Buyers rush to snap bargain deals in anticipation of higher prices
Business

Launch of tender to rebuild
Karantina solid waste plant
Project to be implemented under UNDP supervision
Business

Growth in rental
supply and demand
Owners delay sales awaiting better deals
Business

Qatar gifts 500 MW
in alternative energy
TOTAL to implement three power plants
Business
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