NEWSLETTER
November 1-19, 2021
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Government recovery plans
delayed by dispute with Gulf
Bank Audi: Return to GDP growth is possible with IMF program and reforms
The emerging diplomatic crisis with Gulf countries will derail the adjustment and recovery efforts of the new Cabinet considering the deep-rooted relations these countries hold with Lebanon, Bank Audi said in ‘Lebanon Economic Report’ for the third quarter of 2021.

Annual exports to GCC countries total $1 billion and represent 30 percent of overall exports. Nearly 380,000 Lebanese expatriates working in the Gulf region send each year $3 billion in remittances which is equivalent to almost half the total of remittance inflows. More than 2
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BUSINESS
L’Oréal assigns distributors for consumer and pro lines
Reorganizes supply operations
CMA CGM reopens local headquarters
Eyeing port projects To grow to 1,100 workers in 2022
‘A Crazy Love’ New national slogan
Campaign launched by Ministry of Tourism
FINANCE
Mobile app ZoodPay raises $38 million in funding
Proceeds to be used for expansion
ECONOMY
Government is in fantasy land said UN rapporteur on poverty
No sense of urgency for a crisis that has brutally impoverished people
PRESS COVERAGE
Other local and international press coverage
on business and economic stories on Lebanon

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