Search Results for: Lebanese

Given its location, political actors and recent history, Lebanon has long been under the international regulatory spotlight. The US Treasury’s fingering of the Lebanese Canadian Bank in 2011 for money laundering concerns rocked its financial sector. Beirut has since been scrambling to address any short-comings, while at the same time dealing with sanctions on neighbouring Syria.…

While Syria is mired in its bloody civil war, it remains targeted by multilateral sanctions. But despite being essentially cut off from the international banking system, Damascus is evading these sanctions by using Russian banks, and is being financially propped up by Iran.…

LEBANON’S personal care product market, estimated by local industry executives to be worth USD80 to USD100 million-a-year, has been struggling over the past two years due to an economic downturn, political instability, and a drop in tourists. The civil war in neighbouring Syria has had a clear impact, while the conflict has resulted in Syria’s personal care market grinding to a halt, with the exception of essentials such as shampoo.…

PERSONAL care product market in the Middle East can be divided into two current trends: sales in the affluent Gulf Cooperation Council (GCC) countries are booming, while on the other side of the region, in the Levant, markets are feeling the effects of the Syrian conflict, with the loss of tourists and low consumer confidence impacting bottom lines.…

IRAN is under sanctions from the United States, the European Union (EU) and the United Nations, and last year the US tightened the screws even more. As President Barack Obama said following his re-election in November, 2012: “We’ve imposed the toughest sanctions in history.”…

LEBANON was an important shop window for Middle East and North Africa manufacturers of tobacco molasses used in hookahs until a public smoking ban was implemented in 2012. And while the ban has dented Lebanon’s strategic positioning, as a popular regional tourist destination and with the Lebanese travelling widely, the country is still an important market.…

BY PAUL COCHRANE, IN BEIRUT

It has been a been a turbulent time in the Middle East since the Arab uprisings swept much of the region over the past year-and-a-half, with not only sales of cosmetics, toiletries and perfumeries being depressed by losses in consumer confidence, but also distribution being harmed, especially by the protracted conflict in Syria.…

BY PAUL COCHRANE, IN BEIRUT

The economic sanctions imposed on Syria last year by the United States and Europe to pressure Damascus to end its violent crackdown on protesters has made doing business in Syria difficult, especially financial transactions. But the sanctions are being evaded, with Lebanon a prime conduit for goods and capital outflows.…

BY KEITH NUTHALL, PAUL COCHRANE, IN BEIRUT; AND HELENA FLUSFELDER, IN JERUSALEM

IT is not often that a country that has serious energy security issues gets to choose about whether it wants an energy export industry – but the State of Israel is in this relatively happy situation.…

BY PAUL COCHRANE

UPRISINGS in the Middle East and North Africa (MENA) this year have hit demand for printers in Lebanon, which has long been the printing hub of the region. Lebanese printers canvassed privately for Print Week MEA report that the upheavals have seen demand from Egypt and Syria decline, while transportation has been marginally affected from Lebanon due to the situation in neighbouring Syria.…