Lebanon Businessnews News
 

Top 15
stories in 2015
Positive performance in many sectors
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Surprisingly, many sectors scored a positive performance during 2015. Some experienced a significant slowdown. Large investments entered the market in the health, industry, hospitality and tourism, as well as the retail sectors. Many firms expanded their operations, locally or abroad. Several public works and transport projects were launched. The Central Bank launched a $1 billion stimulus package to support several sectors including energy, environment, and ICT. Parliament approved financial laws to fight money laundering and terrorism financing. All political and security concerns aside, the country’s Gross Domestic Product (GDP) reached $50 billion.

Here are the top stories we covered in 2015:
  1. Aïshti mega shopping center now open in Jal el Dib
  2. SABIS taps Brazil with a $50 million investment
  3. Lebanon tops Arab world in financial secrecy
  4. $1 billion in stimulus By Central Bank in 2016
  5. Deposits in banks to top $150 billion
  6. Public works contracts worth $12.5 billion in 25 years
  7. Country needs $6.2 billion in infrastructure
  8. No economic crisis according to Central Bank
  9. Remittances to reach $7.5 billion by year’s end
  10. One billion dollars in investment planned by Majid Al Futtaim
  11. One million square meters of malls in four years
  12. Hospital beds to increase by 1,700 in three years
  13. Ending extreme poverty requires $100 million
  14. The telecom market stands at over $740 million
  15. GDP at $75 billion in 2021 $120 billion with oil and gas
Reported by Rania Ghanem
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Date Posted: Dec 30, 2015