Challenges of Banking in Lebanon
I would like to see increased economic real absorption capacity to process properly the in flows of capital to Lebanon not just being obliged to sterilize deposits coming into Lebanon banking sector.
List of all articles filed under “lebanon-sectors” category.
I would like to see increased economic real absorption capacity to process properly the in flows of capital to Lebanon not just being obliged to sterilize deposits coming into Lebanon banking sector.
My overall assessment is that the Lebanese banking sector is sound and robust financially and compliant with international standards. It is a combination of modern and traditional banking whereby the family ownerships still play and important role in the governance of banks in Lebanon.
“We’re going to maintain the model on which we have worked because this model is guaranteeing low leverage in our banking sector. “
We had our own wine made from our own grapes and from our own winery and thus from that point on we agreed to only use grapes from Kefraya. We started with white wine, rosé wine, and red wine and the Kefraya Nouveau. After this we created many more types of wine and now we have so many. We have three categories: Pleasure Wines, Feast Wines, and Prestige Wines.
In 1857 the Jesuits discovered an ideal place for growing grapes and producing wine which is the Bekaa Valley. They started producing small quantities of wine in Ksara where they built a monastery. Then they started to import noble grapes from France and North Africa and thus, the production increased.
In the past five years, the Lebanon industry has been able to grow around 20% a year which is a very interesting factor. I believe the single most important factor in this was the euro-dollar parity.
We start with a market study then we go on to start the feasibility study. Then we start gathering the investment; if it’s not a foreign investor we do it using our list of potential investors. The whole process from gathering the investment to the opening is basically operational: finding the chef, deciding on the menu, recruiting the manager, the branding, the trademark, registering the company, and the legal issues. After the opening we usually sign contracts for management and operations.
The commitment to education is old and time-tested in addition to producing several generations of leaders, especially from AUB. We are a university of distinguished tradition and a great legacy for impacting the region by creating leaders for all sectors. Certainly, AUB isn’t the only institution in the country that is successful.
Lebanon Privatization, Vice Chairman of MEDCO s.a.l. and Chairman of Phoenicia Oil Company s.a.l., Nicolas G. Chammas
We are the first group in the country to diversify in such a way that we are composed of fourteen completely separate companies that fall under one management group.
As a company that specializes in construction materials we have a great interest in Lebanon. We have been studying Lebanon with very close observation: the political stability, the security of the economy. The government has assured us that there will be a very healthy budget announced soon.