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DHL Express is Best 2017 Employer in Lebanon

6-10-2017

The leading international provider of express services, DHL Express, was announced by the US-based Aon Hewitt as the Best Employer 2017 in Lebanon. The prize is usually awarded to companies for their commitment to impart their employees the value, empowerment and satisfaction with their positions. On this, CEO of DHL Express MENA region, Nour Suliman, said it is a great honor to receive for the third consecutive year the Aon Hewitt Employer award and be recognized across 7 countries in the region. This award, he said, “is a recognition of our commitment to cultivate a good, solid and rich working environment with prospects of growth and promotion.” “The fact that we received this award in a number of countries in the MENA region shows our application of the highest standard of human resources HR practices across our markets,” Suliman maintained. For his part, HR VP at DHL Express, Henry Fares, pointed out that the award indicates that the company has developed a unique culture based on performance which drives the best results from fully engaged and motivated individuals. )Al Mustaqbal, October 4, 2017(

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Lebanese-British startup is number one among emerging markets

6-10-2017

The Geneva-based global company promoting startups, Seedstars, ranked the ‘Nucleus’ run by the UK Lebanon Tech Hub (UKLTH) as the best accelerator program in emerging markets ahead of Egypt, India and the UAE. To decide on the rankings, Seedstars gathered data from 44 startups across the developed nations, and the Nucleus program topped the list. The average value of the partaking Lebanese startup companies stood at USD 1,616,667, while noting that the key factor in Nucleus success is that it takes the lowest equity stake (just 3%) in any startup on board. On the subject, the UKLTH executive director, Nadim Zaazaa, pointed out that the conquering result “means we are on the right track. The ranking is an endorsement of the true value of our program to our startups.” To recall, the UKLTH is joint initiative between the Central Bank of Lebanon and the British Government through the British Embassy in Beirut aimed to support the growth of the knowledge-based economy in the country. (for more on the subject, visit the following link: http://www.uklebhub.com/en/Home (Al Mustaqbal, October 5, 2017)

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Food industries’ participation in Anuga 2017 trade fair in Germany

5-10-2017

In the framework of preparations for the forthcoming Anuga 2017 trade fair in Cologne, Germany, (October 7-11), the chairman of the Investment Development Authority of Lebanon (IDAL) Nabil Itani, met with the Syndicate of Owners of Food Industries to discuss participation and ways to improve access of made-in-Lebanon goods to Europe. Itani in this respect stressed the importance of IDAL’s backing for the largest number of Lebanese companies to partake in similar exhibitions, namely in Europe, which is especially promising in terms of the size of its markets, and the presence of a considerable Lebanese and Arab communities. In addition, Itani stated, such exhibitions extend the opportunity to explore the latest packaging and production technologies and the needs of the market, as well as, provide a platform of exchange between exporters and commercial centers in the Old Continent. Itani made clear that many Lebanese food products now enjoy international quality and food safety standards and are highly competitive which facilitate their entry to multiple world markets. To note, the Lebanese pavilion at Anuga will open this Saturday October 7 in the presence of Lebanon’s Ambassador to Germany, Dr. Mostafa Adib. (Al Diyar, October 5, 2017)

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New initiative aiming at making Tripoli the economic hub of Lebanon

3-10-2017

After the president of the Chamber of Commerce, Industry and Agriculture in Tripoli and the North, Tawfic Dabousi, kicked off on August the ‘Tripoli is the economic capital of Lebanon’ initiative which will enable the city to play a key role in the salvage of national economy through the strategic strong points it boasts,  Dabousi has received Premier, Saad Hariri’s decision to place the initiative on the Cabinet’s agenda in the session that was projected to convene but did not in Tripoli. It is to be noted that the initiative highlights the potential role of Tripoli and the city's advantages for its geographical location and public utilities (For the initiative's content in Arabic, check the following link: http://bit.ly/2hLowYt ). In a meeting with former minister Ashraf Rifi and Hariri’s advisor for international cooperation, Nader Gazal, Dabousi pointed out that the agreement by the various political groups on the initiative makes feasible its implementation. Rifi, for his part, said that the moment is historic for the country with a rise in the Arab and international concern in North Lebanon regarding the imminent reconstruction of neighboring Syria. “It is not an option for us, in Tripoli, the North and Lebanon in general not to keep with developments and upgrade our infrastructure and the city’s projects… and create jobs for our youth,” Rifi stated. On this, Al Diyar newspaper mentioned that over the past six years, things in Tripli have been brought to a standstill due to the preoccupation of political factions with the Syria conflict. This, Al Diyar wrote, exacerbated the living conditions and economic realities. The Future Movement’s latest war on certain political parties in Tripoli, Al Diyar said, deprived the city from development projects promised by those parties, including: the payment of LBP 150 billion approved by the previous government of Mikati for the restoration of  the train station, completion of the construction of the highway, the uplifting of Rasheed Karameh International Exhibition, building of new bridges, rehabilitation of roads, operating the new economic zone, electricity works and completion of rehabilitation works of the famous Bal al Hadeed heritage site in the city.  (Annahar, Al Mustqbal and Al-Diyar 13,21,22,24 August, 21 September and 1 October 2017)
 
Previous related news: 
Tripoli linking with New Silk Road
 
 

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Beirut Restaurants' Festival in Mar Mikhael train station

2-10-2017

The Syndicate of Owners of Restaurants, Cafes, Night-Clubs & Pastries in Lebanon in partnership with Hospitality Services and with support from the ministry, organized from September 29 to October 1, the second edition of the Beirut Restaurants Festival, at the famous Mar Mikhael train station. The event gathered over 60 eateries serving local and international food, while the organizers expected the number of visitors to exceed 15 thousand people. During the opening ceremony, the minister of tourism, Avedis Guidanian, stressed on the role of similar specialized events in attracting tourists to Lebanon, namely Europeans, to be within the touristic road map the ministry is trying to develop. For his part, the president of the restaurants owners syndicates, Toni Ramy, said the festival reflected the restaurants cultural image and places Lebanon on the global tourist map. (Al Diyar, September 30, 2017)

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SoUK.LB to financially support social enterprises

2-10-2017

The UK has launched the SoUK.LB project to help entrepreneurs make social change with a positive impact, and gave one week for those who wish to apply for a grant to kick off and stimulate the growth of their social enterprise. A British Embassy statement on Friday said that as part of its long term investments in the Lebanese economy, this pioneering social entrepreneurship hub seeks to promote the creation of jobs in the country. The British Embassy is expected to support this new initiative with USD 15,000 to USD 40,000 grant per finalist with the aim to promote and strengthen the unique and growing sector through backing enterprises targeting transformational social or environmental change. The statement stressed the UK’s commitment to Lebanon’s stability and security and its belief in its prosperity given the country’s long history in trade, business and entrepreneurship. To note, shortlisted applicants will be provided with the required training, mentorship, and grants will be given to finalists. For more info on how to apply: http://www.souklb.co or on Facebook/Twitter/Instagram: souklbco. (Al Mustaqbal September 30, 2017)

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Farmers welcome export arrangement with Syria, Jordan

29-9-2017

The president of the Bekaa Farmers Association, Ibrahim Tarshishi welcomed the two export-related agreements concluded with the agriculture ministries in Syria and Jordan, hoping the steps be continued with remaining Arab countries. Tarshishi who was part of the agriculture ministry delegation to Jordan this week disclosed that the agreement facilitated the export of the Lebanese potato to Jordan in the period between October 1 and November 30, apples from November 15 to April 15, onions as of the beginning of November until 1/1/2018 and the bananas all year round. The arrangement with Jordan, Tarshishi explained, provided for Lebanon’s import of Jordanian watermelon from the first of April to May 25, vegetables from December 1st to March 30 and dates around the year. It also allowed the export through the newly-established Tarabil crossing in Jordan to Iraq of Lebanese agricultural products arriving via sea. On last week’s settlement between Lebanon and Syria, Tarshishi revealed that the Syrian government gave way to the purchase of 50 thousand tons of made-in-Lebanon banana as of October 10, pointing to direct transactions between the Syrian agriculture ministry and Lebanese farmers. The agreement also required Syria to buy the Lebanese potato as of December 15 as needed, as said Tarshishi. (Al Mustaqbal, Al Akhbar, September 29, 2017)


Previous related news: 
Meeting with Syrian agriculture minister shortly to boost trade
Syrian-Lebanese economic cooperation away from cabinet’s approval
Crisis of agricultural exports to Syria eases amidst a slight regression in foreign trade deficit
 

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Re-exporting of Lebanese potato to Jordan and increased exports of apples, bananas and onions

28-9-2017

The minister of agriculture, Ghazi Zeiater visited Amman yesterday with a delegation from the ministry and the private sector and held a series of meetings with his Jordanian counterpart, Khaled Hanafiyat, as well as other ministry officials on ways to improve mutual agricultural relations. On the sidelines of the visit, the Lebanese-Jordanian Joint Agricultural Committee convened and decided to reactivate the work of the technical committees in order to remove obstacles that impede agricultural exchange and to confirm compliance with relevant laboratory test procedures as formerly agreed between the two states. Both sides also agreed to resume, as of 15/10/2017, the export of Lebanese potato to Jordan and raise the quantities of exported Lebanese apples, besides increasing the export of bananas and onions. (Al Mustaqbal, Al Diyar, September 28, 2017)

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5 bakeries control the Lebanese market on a sectarian basis

27-9-2017

In a special feature today, Al Akhbar newspaper highlighted the bread industry in Lebanon as a basic commodity in the local market and a staple food for the average Lebanese household. According to the union of owners of bakeries in Lebanon, the country consumes around 20 to 22 thousand tons of flour each month and produces some 1070 bread parcels from each tons of flour, Al Akhbar wrote. It cited a survey by Blom Bank research center which has shown that the country’s production of bread in 2012 alone reached 785 thousand parcels per day, that is equivalent to nearly 23.5 million parcels a month. This means that Lebanese people spend roughly USD 23.5 million on bread alone each month. The above study revealed that 5 basic players control the local bread market, and they are: Moulin d’Or, Wooden Bakery, Pain d’Or, Shamseen and Sultan. The director of sales at Wooden Bakery, Michel Chaker, said small-scale bakeries account for nearly 45% of the market, while the five-bakery cartel dominates 55% of the overall domestic bread supply. On dividing shares, the study said Shamseen came first, seizing 21 to 23% of the local market shares, followed by Wooden Bakery (12-13%), Moulin d’Or (11-12%) and, finally Sultan and Pain d’Or (10-11%). In conclusion, the study noticed a difference in popularity from one region to another which is largely governed by geo-sectarian factors. While Moulin d’Or, Wooden Bakery and Sultan are prominent in the Mount Lebanon and Byblos markets, in terms of the number of branches and their share of supplies and distribution, Shamseen projects itself as the chief supplier for the South and Beqaa areas. (For full report in English, please check: https://goo.gl/4VSuCX). (Al Akhbar, September 27, 2017)

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95.5% of job seekers use online job sites

27-9-2017

According to Bayt.Com, a leading jobsite portal in the region, 95.5% of job seekers use online job sites to find and apply for work. In its survey entitled, ‘Job seeker journey in the Middle East and North Africa’, Bayt. Com has shown that about 81.1% of respondents find jobs sites easy and user-friendly, against only 7.4% who indicated the opposite, and 11.5% who were neutral. The majority of respondents (83.4%) agreed that job sites allow them to find many relevant vacancies that match their background and experience, 7.7% were neutral and 8.9% against. When asked why online job sites are effective, nearly 66.2% said they were useful because they group all the vacant jobs into one easy-to-access place; 22.2% said they were useful because they help job surfers update their resumes and professional profile, as well as, help them track their applications and provide them with job alerts. (Al Mustaqbal, September 27, 2017)

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