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~~Business~~

Venture Group wins
Jeddah resort rights
Investment in the project totals $9 million

15 restaurants and cafés
by ‘7 Management’ in Gulf
Expansion to create
60 job opportunities

Real estate developers are
calling on bank cooperation
“Banks should not assume the role
of the victim but become the partner in the rescue”

Industrialists seek nod for
fund transfers for imports
$300 million needed immediately to prevent collapse

Berytech launches agri-food
and clean tech innovation hub
Startups to receive grants from the Netherlands

New car sales
drop 33 percent
KIA tops the list

$6.8 billion property sales
50,000 transactions in 2019
Highest activity was in December

Gas stations
will not strike
Syndicate objects to share
burden of exchange rate

Banks to resume
operations Tuesday
Move comes after employees
decide to end one-week strike

Industrialists are demanding
unambiguous monetary policies
Gemayel: Banks have contributed
to the loss of confidence

Government to pay 5 percent
on extra industrial exports
New decree replaces a decision to pay
manufacturers three percent on all exports

Insurance profits
grow by 14 percent
$5 billion in total assets

$800 million invested
in hospital expansions
1,000 beds will be added

Industrial companies
announce 4,000 job vacancies
Demand for technical jobs is high

Retail sales
up 5.5 percent
Hospitality services rose 45 percent

Increase in ceiling for
industry subsidized loans
Interest rate set at 4.8 percent

Occupied hotel nights
reached 2.6 million last year
Lebanese tourists topped the list of guests

Tanmia to open
poultry farm in Egypt
$90 million project to meet
the increasing demand for chicken meat

LAU Medical Center
to manage St. John Hospital
To include 40 beds

Over 300 new
real estate projects
Mazraa the best performing region

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