Lebanon Businessnews News
 
Business

Hotel occupancy rate
near 50 percent in Beirut
Growth in average room rate and revenue
Business

Containers at Port of Beirut
increase by almost 20 percent
Handled cargo rose nine percent
Business

Eight oil&gas blocks
are ready for bidding
Second licensing round
extended to June 2023
Business

Advertising sector
starts a shy recovery
Market valued at $24 million
Business

QatarEnergy officially joins
gas exploration consortium
The company acquires a 30 percent stake
Business

Kassatly Group
sets up Cyprus plant
Company expanding abroad and locally
Business

Private sector to
operate public buses
Tender to select company is being readied
Business

New subsea international
telecom cable with Cyprus
CADMOS-2 to be operational by the end of 2024
Business

Hilton Metropolitan Palace
slated to reopen in December
Expats and foreign guests
expected in holiday season
Business

Mikati’s M1 to buy largest
Afghanistan mobile operator
Seller is South Africa’s MTN Group
Business

Airport duty-free tender
annulled after being awarded
To be relaunched with pricing in dollar
Business

Daher Group acquires
Zara owner’s Russian unit
Brand could return to market
via franchise deal with buyer
Business

Phoenicia Hotel opens
again for the fourth time
Owners receive presidential insignia
Business

First supercomputer
is being brought online
Hosted by OGERO, and run
by CNRS and six universities
Business

Airport duty-free bid
won by current operator
Value is half the previous contract
when converted to fresh dollars
Business

Sales are
picking up
Increases in hospitality,
retail, and manufacturing
Business

Crisis has silver linings
says report on innovation
Prospects in fintech, e-commerce,
SaaS, digital marketing, and fashion
Business

Rifai opens
store in Paris
Expansion strategy
post-Merit acquisition
Business

Solidere posts
$21.5 million loss
Steep decline in land sales,
$8.2 billion property backlog
Business

Food exports grow by
50 percent since 2019
Mainly driven by fruit sales,
UAE is top export destination
Business
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