Innholdsfortegnelse for Jun-18 i Lebanon Opportunities

Every major political party claimed victory after the results of the parliamentary elections were announced. So did their opponents. Not bad – especially for an electoral law that had consensus for being inadequate and unfair. The true tally of winners and losers is not in the number of votes or seats. It should be evaluated within the tenets of the system. WINNER: A SUSTAINED POLITICAL CLASS The political class, empowered and in continuous development for the past 150 years, easily won a mandate renewal. In retrospect, what was the fuss all about in condemning the repeated extensions of the Parliament’s mandates? The nine-year old Parliament just got a four-year extension, this time with popular legitimacy. There are new faces, but for the same political products. Take a leaf out of…

$2 BILLION IN EUROBONDS FOR SALE BY THE CENTRAL BANK The Central Bank (BDL) plans to sell Eurobonds worth up to $2 billion over the next 12 months, according to Riad Salameh, its governor. Buyers would mainly be local banks. The bonds, denominated in US dollars, would be sold in tranches ranging between $500 million and $1 billion. Salameh said that Lebanese Eurobonds are undervalued and that they generate high yield on the secondary market. He said that the government does not intend to sell Eurobonds directly on the market but it issues them specifically for BDL. The bonds are part of a swap operation between BDL and the Ministry of Finance (MoF) valued at around $6 billion. It consists of low-interest treasury bills in lira provided by BDL to…

HANI AOUN has been appointed HR Lead Levant at MSD, a biopharmaceutical company. Previously he was the HR Manager Levant at Philip Morris International. Aoun holds a Master’s in Economics from Saint Joseph University (USJ), and a certificate of completion in HR from Morgan International. MARIANNE AZAR was promoted to Global Human Resources Specialist at Mercy Corps. Her advisory role includes “understanding the employment laws and regulations of each country, especially upon the employment of expatriates.” Azar was HR Officer at the same NGO. “I will also participate in policy making and capacity building with regards to our employment needs.” She has a BA in Translation and Foreign Languages from the Lebanese University. EDDY BALAA has been promoted to Procurement Manager at Poppins. Previously, he was an Assistant Procurement Manager…

A variety of modules and equipment covering the design of networks, circuits, operational amplifier circuits, filters, diodes and many electronic components and circuits. The Mechatronics engineering lab is equipped with a wide range of control, measurement and embedded systems along with software packages for data acquisition, processing and analysis, and control system demonstrators. Innovation Factory Beirut. Collaborate, create, and fabricate. Access to co-working spaces, machinery and technology, and expertise. Brings together people from diverse disciplines to experiment, prototype, and exchange skills and knowledge. Access to machines, knowledge, and resources to turn ideas into a final prototype. Startups and students can invent, prototype, and manufacture almost anything. Experts provide users with machine training. Part of the international Fab Foundation, the Berytech Fab Lab connects you to the resources of a network…

Associated Consulting Engineers (ACE). Not a lot of people know that ACE, established in 1956, was founded by four AUB professors who wanted to create a space for their students to launch their careers. Kamal Shair and Nazih Taleb were two of these professors. When Shair and Taleb exited the company, other professors, and later a businessman, were brought in. Hani Hakim was a student of the four professors before he joined the company. He later became the major shareholder. ACE is one of only three local companies listed on the US-based Engineering News Record (ENR), and is now ranked 66 in their listings. “The company is employee-owned,” said Jimmy Hakim, a director and shareholder. Today, most section heads are also shareholders. “When you are one of the owners, you…

SOUND BYTES No economic plan will be fully successful without a solution to the Syrian refugee problem President Michel Aoun We have a historic opportunity to implement the Cedar Conference and associated reforms. No one can impose anything on us Prime Minister Saad Hariri We remain, as before, opposed to shady deals of the power barges Ali Hassan Khalil, Minister of Finance We’re back to square one in the electricity issue Cesar Abi Khalil, Minister of Energy and Water Those who knew most about what’s right are those who did wrong Melhem Riachi, Minister of Information The government failed because it could not adopt a policy for Syrian refugees Mouin Merehbi, Minister of the State for Refugees I have a clear conscience Nicolas Tueni, Minister of State for Combating Corruption…

Name Saja Sal Capital (Shares) LL30,000,000 / (1,000) Directors Samar Atef Kallote (Chairman) (01), Ahmad Mohamed Makhzoum (01), Ahmad Ghassan Dirani (998) Object General trade, industry, car rental, travel agency, building maintenance, decoration and contracting Bank Fransabank Solicitor Me Ali Ibrahim Maoula Auditor Mohamed Ibrahim Mneimne Name Alphabet Trading Group Sal Capital (Shares) LL30,000,000 / (30,000) Directors Haytham Daoud Fatayri (Chairman) (5,100), Khaled Ali Youssef Alami (Asst. Gen. Mgr.) (20,098), Dani Hassane Tabet Rifaat (01), Mohamed-Khair Nabil Alaywane (01) Shareholders Ahmad Awad Salameh (4,800) Reg. address Tabaris area, Lot No. 1063/9 Achrafieh, Beirut Object General trade, import and export Bank Fransabank Solicitor Me Dani Hassane Tabet Rifaat Auditor Dani Toufic Abou-Hadir Name Menabex Clean Energy Engineering Sal Capital (Shares) LL30,000,000 / (30,000) Directors Adel Bernard Nader (Chairman) (29,998) Joelle Georges…

Arabian Construction Company (ACC) came in second place in the US-based Council on Tall Buildings and Urban Habitat’s Top Main Contractors category in their book ‘100 of the World’s Tallest Buildings’. ACC’s skyscrapers are landmarks in major UAE cities, and have spread all over the world, reaching as far as India. In order to be named in the book, the company had to become a pioneer in using the latest technologies. Flashback to 1967, ACC was founded by the Merehbi and Mikati families. The company’s expansion was two-dimensional: Geographic and disciplinary. “Over the last 50 years, we have built a rich portfolio of projects that span a number of sectors, from skyscrapers, oil and gas facilities, healthcare, to energy, hospitality, commercial, and residential real estate.” Three years ago, ACC acquired…

Medawar 654 Area Ashrafieh, close to Mar Mikhayel church Architect Abdallah Abou Jamra Developer Abdallah Abou Jamra Contractor Abdallah Abou Jamra Delivery Jan. 2019 Apt. Sizes 180 m² Price/m² Starting at $4,000 Phone (03) 626.223 Zeidan Gardens 994 Area Zalka, close to Al-Arz Hospital Architect Tarek Zeidan Developer François El-Hajj Contractor François El-Hajj Delivery Mar. 2019 Apt. Sizes 180 m² Price/m² Starting at $1,830 Phone (03)273.146 Farah Building Area Karakoul Drouze, close to Elsa Chocolate Architect TLD Designers Developer JCC Group Contractor RAMCO Trading & Contracting Delivery Mar. 2020 Apt. Sizes Various sizes, 180 m² - 360 m² Price/m² $3,000 - $3,500 Phone (01)444.725 Saifi 95 Area Saifi, Yassouieh, opposite Deir El Mkhalles Church Architect Charles Hadife Architects Developer Ziad Zakka Office Contractor Ziad Zakka Office Delivery May 2021 Apt.…

There has always been an interest in hardware and tech projects, but local facilities have been limited. Presently, more facilities are offering amenities for entrepreneurs to design, prototype, and test hardware products. Demand is rising and future expansion is being prepared. Mass production is, however, outsourced. Tech labs are enablers for entrepreneurs, where they benefit from designing and prototyping functional or look-alike products at reduced costs. Labs provide startups with the required tools and machinery for production along with the technical expertise in design and operations. They offer special packages for startups that generally lack sufficient funding in early seed stages. EFFICIENT SUPPLY Startups within the hardware industry can benefit from the services and expertise of different technical laboratories. Ramy Boujawdeh, Deputy General Manager at Berytech, said that the Berytech…

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