Lebanon Opportunities

BUSINESS

$300 million needed immediately by industrialists to prevent collapse

he Central Bank (BDL) must allow manufacturers to carry out bank transfers abroad of $3 billion per Chairman of the Association of Lebanese Industrialists. Industrialists need an immediate injection of $300 million to fund their imports, otherwise the sector will drift into a perilous deterioration, he said. According to Gemayel, the Governor of BDL has agreed to take quick measures to ease the importation of industrial raw materials following consultation with the Association of Banks. He called on the Governor to extend the facilitations offered by BDL to pharmaceutical factories, to help them finance their imports of raw materials, to the entire industrial sector. For each $3 billion of imported raw materials, the industrial sector produces an output of $13 billion.

Sie lesen eine Vorschau. Registrieren Sie sich, um mehr zu lesen.

Mehr von Lebanon Opportunities

Lebanon Opportunities6 min gelesen
Animal Farm
Several new examples of companies raising live animals have emerged as feasible models to be adopted by farmers. Researchers and investors have opted to develop the techniques used in rearing certain types of animals, such as aquaculture, beekeeping,
Lebanon Opportunities3 min gelesen
Renaissance For Native Grapes
Some of the country’s oldest and most established wineries are re-exploring the qualities of indigenous grapes. The benefits are clear, and varieties like obeidi and merwah are proving pest resistant and bountiful, and are appreciated by wine tasters
Lebanon Opportunities2 min gelesen
Redux
Following a three-month wait from the start of the protests, a new Cabinet has been formed of non-independent members, most of whom are not specialists in the ministerial portfolios they have been entrusted with. Some of the political parties, kicked