Changes are afoot in the country tothe east. A serious debate is underwayin Syria – one of the last bastions ofSoviet-style central planning – about economicliberalization, opening up borders andmaking …
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The 36-year-old Coral Beach Hotel, once a summer playgroundfor Gulf princes, European holiday seekers andBeirut’s elite, has closed its doors. After suffering three consecutivelosing years, Izzat Kaddoura, the owner, is …
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The Obegi family once owned one of the largestand most respected banks in Lebanon. Butduring the war, the family became fed up runningCredit Libanais under harsh conditions. “It was difficultto …
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Ever since the Golden Arches first litup the night sky in Dora inNovember 1998, the Lebanese justcan’t seem to get enough of that all-Americanfast-food chain. Beirut’s fivebranches of McDonald’s are …
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“I had a dream of making this companythe biggest industrial entityin Lebanon, but I’ve realized thatI can’t and the government doesn’t care tohelp,” says Izzat Kaddoura, chairman ofSoliver (Société Libanaise …
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One look at 45-year-old Raji ElMawla, regional manager of theMaytag Group, and you wouldprobably think that life is pretty easy for thisbusinessman. He speaks with a calm voiceand rarely wears …
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When visiting Concord last month, EXECUTIVE got that “it could only happen in Lebanon” feeling. Representing this $50 million-a-year conglomerate is not some hard-headed CEO with years of experience, but …
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So Lebanese industry has a checkered past; that doesn’t mean there are not some truly decent operations out there. Bassile Freres is one of them. From a tiny outlet in …
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Sell Fast, a company founded by Kheireddine Fakhoury and Kamal Sinno in 1994, is a concept designed for an economically challenged country like Lebanon. The idea was to stock a …
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