Search Results for: Lebanese

The conflict in Syria has seriously impacted trade and business in the Levant. The millions of Syrian refugees that have fled to neighbouring Lebanon and Jordan are putting economies under serious strain, causing the authorities to turn a blind eye to illicit trade and unregulated business.…

With the conflict in Syria entering its fifth year, there are 7.6 million Syrians internally displaced, and 3.8 million refugees, according to the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) – their health needs require specialist nursing skills.…

One of the biggest expanding markets for cosmetics and personal care products is sub-Saharan Africa. A key exporter to the region, L’Oréal has estimated that the overall African beauty and personal care market generated EUR6.93 billion (USD8.61 billion) in 2012, growing at between 8% and 10% annually, compared to a global market growth rate near 4%.…

With the conflict in Syria into its fourth year, the pharmaceutical and health care sectors in the country have been decimated, while an estimated 9 million people have been displaced. More than 3 million refugees have fled Syria to neighbouring Turkey, Lebanon, Jordan and Iraq, according to the United Nations High Commissioner for Refugees (UNHCR) office.…

THE TOBACCO sector and trade in the countries neighbouring Syria have been impacted by the flight of more than 3 million (some reports say 5 million) from its civil war. Due to the Syrian conflict, smuggling has increased to supply the Syrian market (still at least 17 million people), while the lack of governmental controls has promoted illicit sales in Turkey, Jordan, Iraq and Lebanon, while the influx of refugees has led to growth in lower priced legitimate cigarettes.…

 

SYRIA’S civil war has led to a major reduction in tobacco production in the country and a rise in smuggling of tobacco products, but at the same time the national tobacco company’s profits have surged due to the lack of competition from foreign brands.…

THE CONFLICT in Syria, which has entered its fourth year, has had a major impact on the cosmetic market and industry, both in the troubled country itself and the neighbouring region. Exports to Syria, and distribution of cosmetics, has been severely hampered by the civil war, while the conflict’s spillover is impacting other countries, compounded by the 2.9 million Syrian refugees currently registered in Lebanon, Jordan, Turkey and Iraq.…

THE MIDDLE East cosmetics market is weathering the region’s current political and economic instability in the region. While the markets in the Levant are experiencing tough times, Gulf sales continue to grow. Retailers and manufacturers are also offsetting the losses incurred in depressed and unstable countries by exporting to burgeoning African markets.…

AS peace-talks finally got underway in Geneva, aimed at ending Syria’s bloody civil war, one economically devastating consequence is all too clear: Syria’s energy sector has come to a near standstill. The government has lost control of key oil producing areas to the rebels, international oil companies have left the country, and the regime has had to resort to round-about methods to secure energy imports to offset production losses.…

By Paul Cochrane, in Beirut  Going by overall figures of new cars sold, the automotive sector is doing surprisingly well in the current economic environment, up 4.33 percent in the first eight months of the year on 2012, and in comparative terms, above the GDP forecast of 1.6 percent for 2013. Furthermore, the figures are up on last year’s August results, which grew by 7.6 percent on 2011, and the 2.1 percent growth reported in the same period in 2010. But the sector is far from being in good health and bucking the downward trend in much of the rest of the economy.

Lump new car sales with the larger used car market, which accounts for around 60 percent of total sales, and overall sales are down 7 percent on last year, according to the Automobile Importers Association.

Yet while a drop in second-hand car sales is a boon to dealerships – and an environmental plus when it comes to the country’s carbon emissions, with fewer fuel-inefficient clunkers on the roads – the market has gone through a radical change in recent years that can be summed up in one word: downsizing.…