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Lebanon industry present at Fancy Food Show in NYC

3-7-2017

The Investment Development Authority of Lebanon (IDAL) represented by its chair, Nabil Itani, inaugurated on Friday the Lebanese pavilion at the Summer Fancy Food Show in New York City with the contribution of a crowd of industrialists and owners of agro-food industries. In his opening address, Itani stressed the significance of this move by IDAL to support the participation of the largest number of industries in such exhibitions. The US market, he maintained, looks very promising in terms of its scale and the extensive presence of Arab and Lebanese communities, in addition to the exemption from customs that the Lebanese exports enjoy when entering the US. Outlining a number of objectives from partaking in the Fancy Food Show event, Itani said it introduces and increases the exports to US markets of made-in-Lebanon goods, familiarizes Lebanese industries with top notch production and packaging applications and creates an exchange platform between exporters and commercial centers in the Americas. IDAL president disclosed that as many Lebanese food products now boast high quality and food safety standards and are very competitive, they get wider access to multiple outlets around the globe. Moreover, the agro-food sector has demonstrated resilience over the years due to many positive factors which allowed it to achieve a quantum leap in the past few years, (accounting for nearly 2.6% of GDP), Itani noted. (Al Diyar, July 1, 2017)

 

Previous related news:
Lebanese agro-food in New York
Government covers cost of Lebanese participation in international fairs

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European reward to Jabal el Sheikh honey

30-6-2017

Jabal Loubnan for National Products, owner of Jabal el Sheikh Honey brand, won the golden prize for best strategy to preserve the quality and freshness of honey published by the European Society for Quality Research (ESQR). Jabal Loubnan manager, Hussein Kadamani, received the award at a grand ceremony held at Grange St Paul Hotel, London, to honor winners from different categories. To recall, last year, the German automaker of BMW won a similar prize by the same publisher. The minister of industry, Hussein Haj Hassan, praised the winning company and the efforts of its keepers for promoting Lebanon’s agricultural industries in the world, urging them to sustain compliance with international standards which give them access to and a competitive edge in global markets. He stressed the need to lead and develop the agro-food sector, declaring his ministry’s full support to that effect. (Al Diyar, June 30, 2017)

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EIB supports SMEs with 90 million Euro

30-6-2017

The European Investment Bank (EIB) has signed two agreements, the first with Societe Generale de Banque au Liban (SGBL) and the second with the First National Bank. Accordingly, the banks will supports Small and Micro Enterprises within the framework of the European Investment Bank support towards the private sector in Lebanon and which seeks to increase the flexibility of the Lebanese economy. As such, the European Investment bank signed yesterday an agreement with SGBL to open a Euro 60 million credit line to finance small and medium enterprises (SMEs) in Lebanon. On the signing, SGBL chair and general manager, EIB vice president, Dario Scannapieco, pointed out that the deal will enable SMEs to expand their operations and generate jobs. In addition, SGBL strengthened its strategic partnership with the European Investment Bank through a new agreement between the two parties. This agreement stipulates that SGBL will open a line of credit of Euro 30 million over 7 years targeting companies that are active in various economic sectors namely SMEs in order that they develop production and create more youth employment opportunities. (Al Mustaqbal, Al Diyar, June 29 and 30, 2017

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Traditional straw chair weaving, rapidly vanishing in Tripoli

29-6-2017

Al Mustaqbal newspaper featured today traditional straw chair weaving that was common in Tripoli some 200 years back. The artisan work recently seen a significant decline with the corresponding evolution of furniture industry, Al Mustaqbal wrote. Only one small factory located in Bab el Hadid neighborhood at the entrance of the heritage tailors souk, is still in operation. The owner, Omran Makari, said he inherited the profession from his father some 40 years ago, which involves, wicker, basketry and some wooden items, like trays, mortars, baskets, plates, and toilet seats. Such products, Makari boasted, attract customers from the villages and towns surrounding Tripoli, as well as, tourists who visit the city and its old souks. Despite the limited demand on his creations, he is still adamant to preserve the tradition, Makari said. (Al Mustaqbal, June 28, 2017)

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450,000 Lebanese in the Gulf haunted by concerns

28-6-2017

On Tuesday, Al Diyar newspaper highlighted the fears haunting businesspeople working in GCC countries especially those bound by multiyear construction contracts. According to the newspaper, some 400,000 to 450,000 Lebanese work in GCC countries mostly in KSA (120,000), followed by UAE (90,000), Kuwait (50,000), Qatar (25,000) and a few thousands in Oman and Bahrain. The newspaper added that the Lebanese economy is organically linked to these countries and Lebanese working there send some 4 billion USD year in remittances to their families. The newspaper concluded that the work of Lebanese in GCC countries has yet to be affected by the political turbulence in this area. (Al Diyar, June 25th 2017)

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Foreign-funded relief projects for employment and infrastructure

28-6-2017

A meeting was held last Friday at the Ministry of Labor, presided by Director General George Ida, in order to launch the Employment and Infrastructure programme in various parts of Lebanon. The programme is to be implemented in partnership between the Ministry of Labor, the Ministry of Social Affairs, UNDP and ILO. The event was attended by representatives from the German government donor and included an agreement over the general principles and ways of working of the initiatives. Parallel to that, the President of the Tripoli and North Lebanon Chamber, Tufic Dabbussi, met last Saturday with development consultant, Sarah Loof, and project coordinator and expert in SMEs, Ziad Antonios, to discuss the temporary employment programme funded by DFID and which seeks to provide employment for Lebanese and displaced Syrians, The project also seeks to supports SMEs in increasing their productivity and create permanent jobs for medium skills Lebanese job seekers. During the meeting, Loof noted that there are significant opportunities to strengthen collaboration with the Tripoli and North Lebanon Chamber. She added that the said employment programme will provide financial and employment incentives, as well as technical assistance in order to develop SMEs. (Al Diyar and Al Mustaqbal, 24 and 25 June 2017)

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Training academy for management of container terminals

22-6-2017

The minister of public works and transport, Yousef Finianos, launched yesterday a five-year ‘initiative to establish academy for training of Lebanese youth on used professions’ under the management of the Beirut Container Terminal Consortium (BCTC). The projected academy, reportedly the first in the region, was announced from BCTC in the presence of British Ambassador to Lebanon, Hugo Shorter, Beirut Port Authority’s director, Hassan Kraytem, general manager of transport, Abdel Hafiz Kaisi, BCTC chairman and CEO, Ammar Kanaan, and a delegation of the British-Lebanese Business Group. The guests were briefed first, on the progress of work at the Container and its positive impact on national economy as a result of constant cooperation between big companies, businessmen and the public and private sectors, and second, on how containers are traded to create new job opportunities. Finianos said he was pleased to be present at the event which reflects the outcomes of a successful partnership between the private and public sectors on one hand, and between Lebanon and the UK on the other. "The profession of management of container terminals did not exist in Lebanon before 2005, where the majority of employees came from British Liverpool,” Finianos said. But in less than 2 years, the Lebanese staff completed training and a whole crew was ready to work, the minister said. “Lebanon now boasts expertise and is exporting human resources in the field to world countries and this is a great honor to us”, the minister concluded. (Al Mustaqbal, Al Diyar, June 22, 2017)

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Land export via Syria unlikely in the near future

20-6-2017

While the director general of the Chamber of Commerce, Industry and Agriculture for Zahleh and Beqaa, Youssef Jeha, stated that land export through the Syrian-Jordanian and Syrian-Iraqi crossings will be resumed within 10 days after removal of all obstacles, the vice president of the Lebanese Industrialists Association (LIA), Ziad Bekdash, told Al Markaziya news portal that exporting through the Syrian borders cannot be resumed until after the Syrian Authorities declare so. Moreover, Bekdash said, insurance companies still refuse to cover exported goods amidst a fragile security, adding that it is unlikely for land export activity to pick up soon. Bekdash maintained that despite the renewal of the IDAL-backed maritime bridge, the transport/export costs remain relatively high and uncompetitive. The cost of road transport has exceeded USD 6 thousand compared to USD 3,000 to USD 4,000 in the past, LIA deputy chief noted, warning that national industry continues to suffer with the drastic decline in export activity.  (Al Diyar, Al Mustaqbal, June 20, 2017)

Previous related news: 
Second phase of export sea bridge kicked off
First year results of M.LEB below expectations
More welcoming of border closure and demands for further tightening measures

Can unilateral protectionism save Lebanon’s declining agricultural sector?


 

 

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Hamadeh: vocational education graduates ready to participate in Arab reconstruction

19-6-2017

Hamadeh: vocational education graduates ready to participate in Arab reconstruction In his opening of the vocational and technical state exams on Friday, education minister, Marwan Hamadeh, stressed the importance of vocational education on par with traditional schooling. The general public opinion, Hamadeh said, tends to laud and reinforce the conventional school and university learning, while totally disregarding a vital vocational and training sector that is essential in building a nation and propping up the labor market, (pointing to some 102000 students in the public and private education sectors). The number of students in public vocational institutes is 52000 students, as compared to 50000 students in the private vocational institutes, Hamadeh maintained. The vocational sector is an all-embracing national pillar as it delivers ample skilled human resources and potentials that have done good to the Arab countries. Vocational teaching in Lebanon has contributed to the construction and shaping of the region, and may be asked to participate in the post war reconstruction of neighboring countires, the minister said. (Al Diyar, June 17, 2017)

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Second phase of export sea bridge kicked off

16-6-2017


The Investment Development Authority of Lebanon (IDAL) announced yesterday the renewal of the sea bridge export program after a meeting at the Grand Serail under PM Saad Hariri aegis and with the presence of the ministers of economy, industry and agriculture. To note, the Cabinet decided on May 17 to continue its support to above program implemented by IDAL through allocating a sum of LBP 21 billion (USD 14 million). Hariri revealed during the meeting that there are additional steps that need to be taken to subsidize and facilitate the export of made-in-Lebanon products, pointing out that the government has approved the required sums to this end. What is important, Hariri stated, is domestic production and the creation of jobs for the Lebanese people through substantial investment. “You have to put forward your demands and needs in order to expedite solutions to them with the government’s assistance,” Hariri maintained, adding, “we need help and backing to reach the desired outcomes sought by the private sector, and we want to see a successful and flourishing production of this sector.” For his part, industry minister Hussein Haj Hassan, said that the industry sector did not benefit properly from the maritime export bridge, suggesting the creation of new outlets to market Lebanese goods, namely in Russia and Africa. (Al Mustaqbal, Al Diyar, June 16, 2017 )

 

Previous related news: 
​​​​​​​Cabinet extends maritime export bridge one more year
Only 1% of Lebanese government budget allocated to agriculture

Extension of subsidies to maritime export until March 2017 following the decline of Lebanese exports
First year results of M.LEB below expectations
Criticisms of export program and industrialists calls for further measures

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