Many businesses are adopting winning product strategies to boost their profits by better serving customer needs. Some of these policies focus on offering basic consumer products, such as cleaning products, at affordable prices to compete with more ex

A survey by InfoPro Research shows that a large number of companies are continuing to adjust salaries upwards. The survey indicates that wages are still worth half their value before the crisis in terms of real dollars. The trend is likely to extend

The World Bank and the European Bank for Reconstruction and Development (EBRD) have revised up their estimates for GDP growth in 2023. Both banks expected the economy to record positive growth instead of a contraction as predicted in earlier reports.

The surge in tourism activity in Batroun continues to act as a catalyst that spurs the real estate market in the northern town. At a time when large-scale conventional development work is still stagnant due to the lack of bank financing, renovation w

Continuous upward adjustment of bills and taxes to the exchange rate will increase inflationary pressures. The premium enjoyed by dollar incomes, including salaries and remittances, will be gradually eroded by the increasing dollarization of the econ

The Financial Action Task Force (FATF), a financial crime watchdog, has granted Lebanon a one year grace period to implement financial, monetary, and banking reforms before placing it on the ‘Jurisdictions under Increased Monitoring’, also known as t

Provided by The World Bank said it has approved a $200 million financing to improve the resilience of farmers and small and medium enterprises (SMEs) through the Green-Agri Food Transformation for Economic Recovery (GATE) project. The GATE project wi

The residential sector has become more active at the level of the secondary market with brokers reporting an increase in sales especially of previously owned apartments. According to the ‘Residential Real Estate Survey’ conducted in July 2023 by Info

The use of lollars (dollars in bank accounts prior to Nov. 2019) has been steadily decreasing since the onset of the crisis. It is still possible to exchange deposits to cash but at an 85 to 90 percent discount. The trend is likely to continue if no

More businesses have reported an increase in sales in 2022 compared to the previous year. They have also achieved a higher growth rate in terms of sales value, according to a survey of over 100 medium and large size companies carried out by InfoPro R

The International Monetary Fund (IMF) said that competitiveness gains resulting from the sharp depreciation of the currency and the existence of a highly skilled population are likely to prop up recovery. The IMF, however, warned that the lack of pro

Capital inflows in the form of remittances or foreign direct investment (FDI) are badly needed as the country requires liquidity to speed up recovery and considering that it continues to suffer from dwindling foreign currency reserves. Remittance inf

Local artificial intelligence (AI) companies have successfully attracted global customers, such as BMW and Thomson Reuters. They provide a wide array of AI services that have a broad range of applications in different sectors from manufacturing to in

Provided by The Cedar Oxygen fund approved more than 60 loans to the industrial sector in 2022 boosting its lending portfolio over seven times in one year to above 70 loans, according Ibrahim Salibi, CEO of Cedar Oxygen-Lebanon. The size of a loan ra

Provided by The government of Canada has granted the World Food Program (WFP) a donation of $26 million that will be allocated for cash assistance to vulnerable citizens via the National Poverty Targeting Program (NPTP). The assistance will be provid

Provided by QatarEnergy has acquired a 30 percent stake in the three-way consortium to explore oil and gas in two maritime blocks off the coast of Lebanon. The other members are TotalEnergies and Eni, each with a 35 percent share. The Ministry of Ene

Fuel distribution and retail company IPT and Phoenix Energy, part of INDEVCO group, have established EV Zone, a fifty-fifty joint venture, to operate a network of electric vehicle charging stations (EVCSs) that will be deployed across the country. In

InfoPro, the publisher of Lebanon Opportunities and other print and online media, has launched ‘LebanonRevival.News’, the only news website in Lebanon dedicated to socioeconomic development. The website is a go-to portal for information on aid and pr

Provided by Real estate sales contracts registered in the Land Registry and Cadaster decreased both in terms of number and value in 2022 compared with the previous year. Total value decreased 7.6 percent to $14.4 billion while the number of registere