Society articles

Karim Fadel- Director, ABC Group

Karim Fadel- Director, ABC Group

Since opening its first store on Martyrs’ Square in 1936, ABC has grown to become a reference point in the Lebanese retail industry. Boasting over 60,000 square meters of shopping space distributed across eight outlets, the group’s malls secure some 7.5 million visits annually, giving ABC an estimated 13% market share of Beirut’s retail industry

Reeling in customers in good times and bad

The Lebanese retail sector got off to a promising start in 2005, boosted by the exceptional results of the previous year, which had witnessed record post-war tourism figures, and a favorable psychological climate for shopping brought about by a robust economy. January registered an 80% growth in year-on-year tourism retail spending, with visitors from Qatar

Highs and lows in retail in 2005

Michel Abchee Chairman and CEO of Admic, (the parent company of BHV, Monoprix and builder of City Mall in Dora) E How has the retail landscape and shopping habits evolved in Lebanon over the past decade? What does the modern Lebanese shopper demand and how successful have retailers been at responding to this? When we

Time to take us Seriously

While the saying goes that “you can’t please all the people all the time,” it seems in our Lebanese politico-economic scene, that many ‘leaders’ and ‘leaders-to-be’ keep wishing to challenge that proverb. Is it that they are attempting to become the exception that confirms the rule in gaining a growing recognition? Or is it that

Fast Track to Growth

Until the assassination of Mr. Hariri and the subsequent uncertainty, Lebanon had, for the previous 18 months, enjoyed relatively robust economic activity, which allowed for the replenishment of reserves, better GDP growth in 2004, vigorous financial sector liquidity, and, through swaps, more efficient management of the country’s debt stock, which in turn allowed for the

Q&A: Pascal Gauvin, GM Phoenicia

The massive explosion that ripped through former Lebanese Prime Minister Rafiq Hariri’s motorcade also damaged the nearby Phoenicia Intercontinental, arguably the jewel in Lebanon’s post-war tourist sector. On the day of the bomb, was running at 80% occupancy. Since then, the hotel has been losing tens of thousands of dollars a day and when EXECUTIVE

It ain’t easy being green but industry is adapting

Last month saw two major local cement producers, Holcim Lebanon and Cimenterie Nationale, both acquire an ISO 14001 accreditation – the International Standard Organization’s guideline for environmental management tools – and later announce that they planned to invest more than $5 million over the next five years and $15 million in the next four years,

Opening the doors to patients – and controversy

Lebanon’s largest public hospital, the very modern $150 million, 544-bed Beirut Government University Hospital in Bir Hassan, has opened its doors and hopes to be self-sufficient within three years. However, its critics have called it a waste of money in a sector that already has a surplus of hospital beds and question its viability in

Tourism Voices – High flying times

Pierre Achkar: President of the Lebanese Hotel Association and owner of the Printania Palace Hotel in Broummana E: How many hotel rooms will Lebanon be able to offer its visitors by the end of 2005? How many should it be able to offer? What are the requirements for healthy and sustainable hotel industry development in

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