BUSINESS ESSENTIALS
Total announced that the drillship Tungsten Explorer had arrived in the exclusive economic zone of Lebanon for the drilling operations of the first exploration well on Block 4, located approximately 30 km offshore Beirut.
PepsiCo, the global food and beverage company, has announced the renewal of its 25year partnership with Americana
Group, one of MENA’s largest restaurant operators and food manufacturers. The renewal will see PepsiCo continuing its diverse product offering to consumers across the region through Americana’s most loved restaurant brands.
The extraordinary general assembly of shareholders of Bank
Audi sal convened on February 20 and approved dollar-denominated cash contributions, from the bank’s shareholders, in an amount of $210 million. The general assembly also resolved to convert said cash contributions into ordinary shares of the bank.
Philip Morris International, the global leader in innovative, scientifically substantiated smoke-free products, introduced IQOS 3 DUO, the company’s most advanced heated tobacco product, into the Lebanese market.
The new Mercedes- AMG GLE 63 S 4MATIC+ Coupé combines numerous vehicle personalities in one model. At the heart of the Performance SUV Coupé is the AMG 4.0-litre V8 biturbo engine, which has been electrified with an EQ Boost starter-alternator and a 48-volt on-board electrical system to deliver an immediate response at start-up.
Deloitte has been named actuarial/risk consultancy firm of the year at the MENA Insurance
Awards 2020, which recognize and reward insurers, reinsurers, and brokers as well as professional services firms within the MENA region that have demonstrated exceptional customer service and innovative product development over the past 12 months. The Réseaux IP Européens Network Coordination Centre recently held a training program for mobile operators, internet service providers, and other stakeholders from public and private sectors in Lebanon. The attendees met at the Intercontinental Phoenicia Hotel and spent three days together learning how to work with internet protocol version six and how to deploy it on their networks.
The CMA CGM Group, a world leader in shipping and logistics and a pioneer in the field of energy transition, is joining forces with Energy Observer, the first hydrogen- powered vessel, to embark on a round- theworld voyage.
The supervisory board of the ESA Business School met at the Chamber of Commerce and Industry of Paris Île-de-France on December 3, 2019, in order to rule on the future executive management of the school. During the meeting, the CCIR nominated Maxence Duault as general director of ESA. The proposition was accepted by the entire members of the counsel.
LG Electronics Inc. announced another record breaking sales year with revenues of KRW 62.3 trillion ($53 billion) in 2019, reflecting strong demand for premium home appliance lines such as LG SIGNATURE and high-growth, category-creating products.
Ryan Ding, executive director of the board and president of Huawei’s carrier BG, has recently released Huawei’s new 5G products and solutions while also launching the company’s new 5G partner innovation program. These efforts aim to build a thriving 5G ecosystem and make 5G a commercial success. Acres Development Holding, owner and operator of LeMall shopping malls, has announced its decision to close the Sin el-Fil branch of its mall chain at the end of March 2020. The decision comes amid deteriorating economic conditions in Lebanon which have negatively impacted household spending in a wide range of sectors, coupled with a difficulty importing from abroad, in light of the financial crisis, and a lack of bank facilitations. The company confirms it will continue to serve its customers and visitors at its two other branches, LeMall Dbayeh and LeMall Saida.
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