Society articles

Putting money where the mouth is – Lebanon’s boutique foods

Lebanon, with its limited, varied terrain and lack of cheap labor, will never be an ideal environment for mass-production. However, Lebanon is ideally positioned to “go boutique.” There are already boutique hotels and Lebanon is considered a boutique wine producer, so why not other boutique products? Why not, indeed. Local entrepreneurs are catching on, and

The Voices of Growth

Pierre Achkar The Lebanese Hotel Owners Association Of course the situation is extremely bad for tourism. Tourism and warfare just do not go hand in hand. We were en route to a record year in terms of foreign arrivals, but now everyone has left. Hotels in the Greater Beirut area, all along the coast, as

BSE snapshots

Solidere Listing date: September 30, 1996 Number of listed shares Class A 100,000,000 Class B 65,000,000 Opening price Solidere A (Ten to one stock split on 06/01/1997) $113.5 Solidere B (Ten to one stock split on 06/01/1997) $116 Market capitalization (as of 31/12/05, source BSE) Solidere A $1.8 billion Solidere B $1.2 billion Solidere was

The forecast for insurance

Sami Saadeh General manager for the American Life Insurance Company (ALICO) E How did the life insurance sector develop in 2005, and what are your expectations for 2006? Do you foresee a boost for the industry from new legislative initiatives? Our exact results for 2005 are not finalized yet, but we hope to achieve a

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

Joseph Sarkis- Minister of tourism

Joseph Sarkis was appointed minister of tourism in the new cabinet. Here, he talks to Executive about this year’s downturn, the balance between security and tourism, and his hopes for public-private sector cooperation in promoting Lebanon as a major tourist destination. E To what extent has the tourist sector suffered this year? It is obvious

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