Trading places with Adonis Insurance and Reinsurance (ADIR) would be an irresistible proposition to many of Lebanon’s insurance companies. The company knows how to tum a profit and, let’s face …
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I t seems Nasser Saidi means business after all. Back in May 1999, when the new insurance law was finally passed in parliament, many wondered if it would be enforced. …
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P icture this. You start a business from scratch, invest a lot of capital, make a name for yourself and endure innumerable challenges, difficulties and streaks of bad luck. Then,just …
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Y ou don’t have to pick up a copy of the National Enquirer to know that insurance firms are going to bed with banks these days. The megamerger of Citicorp …
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You couldn’t pick a worse time to be acontractor. With the economy at astandstill and the debt-ridden governmentreducing public works expenditures,construction projects are scarce. Contractorsare fighting over whatever business they …
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Switching from the import of cheapproducts to higher quality and now toprojects, Power Tech surged ontothe battery market. Its turnover jumpedfrom about $250,000 in 1994 to $4.9 millionlast year. In …
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Something’s in the air at Sociétéd’Oxygène et d’Acétylène du Liban(SOAL). A subsidiary of France-basedAir Liquide (AL France), SOAL hasgone on the offensive since the early 1990swith new management, a diversified …
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Al-Mashrek has its sights set onbecoming the top insurer inLebanon – and not just in terms ofpremiums. Already ranked sixth in the countrylast year with non-life premiums of$14.5 million, Al-Mashrek’s …
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It’s nice to take a catnap. But if youwake up to find your multi-million-dollarcompany has been reduced toalmost nothing and your former employeesare your biggest competitors, then youknow you’ve overslept. …
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Shape up or ship out. Those were thewords of warning given to insurancecompanies when the new insurancelaw was finally passed last May, thoughthe original draft legislation was prepared in1993. It …
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