Banking & Finance articles

Collaborative effort for a good cause

Collaborative effort for a good cause

Reading Time: < 1 minute The latest breast cancer awareness campaign has not only been extremely successful, it has also cost the government nothing. The campaign, estimated to cost around $200,000, was fully funded by the pharmaceutical company Roche, which also dipped into its pockets last year. But this time, with the backing of the government, Roche managed to get

Wining out

Reading Time: < 1 minute Massaya winery, which has played a major part in the renaissance of Lebanese wine, resigned from the Union Vinicole du Liban (UVL) last month. In a statement sent to UVL president Serge Hochar, Massaya co-owner Ramzi Ghosn said it was obvious that the interests of Massaya and UVL were irreconcilable and that the winery was

Shopping as easy as ABC

Reading Time: < 1 minute Two major retail clusters are evolving in metropolitan Beirut just in time for the shopping season. Spinneys last month inaugurated its first hypermarket in Jnah, while the ABC Mall in Achrafieh is being readied for its scheduled grand opening with top political figures on November 29, and will start to admit shoppers early this month.

Inflated optimism?

Reading Time: < 1 minute Lebanon loves Europe. From German cars to Italian clothes and French foods to Dutch beers, up to 60% of Lebanese non- oil imports come from Europe. Therefore, as the Euro soars to an all-time high against the dollar, it seems logical, even likely, that 2004 will be a year of high inflation. Two leading Lebanese

Olympian spending

Reading Time: < 1 minute Three years ago, when it semed the world was his for the taking, businessman tycoon Taha Koleilat bought a second-division Lebanese football team, pumped several million dollars into it, bought top Lebanese players, and set his sights on the number-one berth in the First Division. Today, even though his business interests are under intense legal

A hard choice

Reading Time: < 1 minute Viagra users in Lebanon will this month be presented with a choice: to continue using Viagra, whose impotence-combating effects last for a few hours, or to switch to Cialis, which lasts for a whopping 36. Cialis, a new anti-impotence drug produced by biotech firm Icos and marketed by US pharmaceutics powerhouse Eli Lilly

A reason to wine

Reading Time: < 1 minute The Union Vinicole du Liban (UVL) and the Association of Lebanese Industrialists (ALI) are exploring the possibility of setting up what is tentatively being referred to as a marketing board to promote Lebanon