Lebanon Business news – Businessnews.com.lb

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~~Business~~

Pasta factory
by Daher Foods
To use 40,000 tons of local wheat

Jacques Saadé appoints son
CEO of CMA CGM shipping
Rodolph Saadé groomed to take over group

Third mall, more Carrefour
planned by Majid Al Futtaim
To hire at least 1,000 additional employees

Lebanese firms, nationals
in recent U.S. Iran sanctions
Allegedly associated
with missile program

Fayez Rasamny acquires
more shares in RYMCO
Value of acquisition is $9.6 million

O Monot Suites to
launch by Achkar Real Estate
$22 million investment for 45 apartments

Sofar Grand Hotel Casino
to undergo major restoration
Venue to become year-round destination

Construction of
U.S. Embassy to begin
2023 delivery date expected

Lebanese-Dutch
agriculture joint venture
Includes grafted vegetables and hydroponics

New car sales
drop seven percent
Japanese cars witness the hardest decrease

Casino du Liban to tap
online gambling and gaming
Minimum of $15 million needed in investment

Berytech launches
agri-food incubator
Aimed at engineering, agricultural, and ICT graduates

Tourists spending
down nine percent
Decrease attributed to
visitors’ lower purchasing power

Highest resort
in the Middle East
$500 million residential and hotel in Kornet Sawda

Touristic village
in Lamartine Valley
Hotel, 40 villas on 120,000 square meter plot

Naameh retail strip
launched by Trillium
Units selling at $3,800 per square meter

Bookwitty, Keeward,
and Levant merge
MedSecurities to raise $20 million

Sanita to manufacture
paper cups in Hosrayel
Plans to produce paramedical products

Nuts and kernels
factory by Daher Foods
To produce 10,000 tons per year

MEA to add
four new aircraft
To install second flight simulator

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