Lebanon Opportunities

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