Lebanon Opportunities is a monthly business magazine that covers: Finance, Real estate, Economy, and Local business. Lebanon Opportunities has tens of thousands of readers in Lebanon and across the globe. It is the prime local business magazine in Lebanon in terms of readership, advertising, and name-awareness. Lebanon Opportunities is written to a target of small business owners, entrepreneurs and middle management, as well as to Lebanese living abroad. It aims at bringing complex business issues in a simple manner understandable by readers who are not experts and whose English language is not the mother tongue.
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IN BRIEF TIDBITS
LEADERS
Promomedia Pioneers Synchronized Billboards in MENA
BUSINESS
FINANCE
OFFICIAL BUSINESS
MATTERS OF FACT
PEOPLE ON THE MOVE
NEW BORN COMPANIES
Shy positive economic signs
Businesses are determined to make 2023 a success, but… • Some sectors are expanding sales and creating jobs
Outlook 2023 • Scenario: No major changes from 2022, i.e. no President, no IMF agreement, no reform
Electricity price raised 70 times • New tariff is nearly half the cost of generators
Deposit Recovery Fund • A tool to mask write-offs
First fiscal surplus ever • … but shrinking budget renders it an illusory feat
Local Economic Development • A key enabler for economic recovery in Lebanon
Cash Economy
Anatomy of the cash economy
Examples of countries where cash economy is prevalent
Digital wallets are taking off • Money transfer providers are filling some of the gaps left by banks
Balance of payments remains unbalanced • Foreign currency bleeding continues
Huge rise in lira in circulation • Value has actually declined when expressed in dollars
Emerging pasta industry is using Bekaa wheat and an Italian touch • New market entrants are producing fresh and dry varieties
First supercomputer for academic research • Hosted by OGERO, and run by CNRS and six universities
Eco-firms are gathering support • Green startups in most sectors
Major beneficiaries
Support programs