Beirut, 9 March 2020: Following its introduction in December 2019, Nestlé is rolling out the company’s new Global Parental Support Policy across the Middle East and North Africa. Under the new more inclusive and enhanced policy, parental leave for primary caregivers will be extended to 18 weeks of fully paid leave from 14 weeks previously.…
Credit rating downgrades on Lebanon and its banks during of February 2020 weighed down on future business expectations.
February’s PMI results revealed a stark pessimism in the private sectors’ sentiment towards the 1-year business outlook, such that the Future output index scored an unprecedented low of 31.00 in Feb. 2020 compared to a 32.7 during protest-hit November 2019. The results came on the back of Moody’s February downgrade of Lebanon’s credit rating from…
Bank Audi raises USD 210 Million in Common Equity
The Extraordinary General Assembly of Shareholders of Bank Audi sal convened earlier today and approved USD denominated cash contributions, from the Bank’s shareholders, in an amount of USD 210 million. The General Assembly also resolved to convert said cash contributions into ordinary shares of the Bank. The aforementioned actions remain subject to the approval of…
Philip Morris International Inc. Formally Introduces IQOS 3 DUO in Lebanese Market
The Launch of the Most Advanced Version of IQOS, the World’s Leading Heated Tobacco Product, Will Help Accelerate Adult Smokers to Switch from Cigarettes to better Alternatives in Lebanon LEBANON, Feb. 20, 2020 — Philip Morris International (PMI) (NYSE: PM), the global leader in innovative, scientifically substantiated smoke-free products, today introduced IQOS 3 DUO, the…
“Davos…Unsmoke your mind” Philip Morris International shares its transformational experience with world experts
Davos, Switzerland, The World Economic Forum in Davos, Switzerland, which took place last week, witnessed remarkable participation from global economic institutions and organizations, which have become key contributors to building and shaping the future. Various panel discussions were hosted by major companies who invited economic experts, scientists, and political figures to deliberate around the world’s…
Maxence Duault, appointed general director of the ESA Business School.
The Supervisory Board of the ESA met at the Chamber of Commerce and Industry of Paris Île-de-France (CCIR) on the 3rd of December 2019 in order to rule on the future executive management of the school. During the meeting, the CCIR nominated M. Maxence Duault as general director of the ESA. The proposition was accepted…
noknok – The Supermarket V2.0 Grocery shopping has never been faster!
Grocery shopping has never been faster! In parallel with the ever-lasting boom of the digital era, grocery shopping is following the trend; and a new company adapted a fresh and unprecedent business model in the Middle East. noknok, a 100% Lebanese App startup became live on both Android and IOS in June 2019. It is…
The New Whopper®, thicker and Juicier, is finally here!
To all burger lovers, now you can have the famous Whopper® with a 4.4-ounce patty thicker than the current one, which is 4.0 ounces. Made from all natural ingredients, with no preservatives, no additives and no fillers, the new Whopper® does not only have a thicker patty but is also seasoned with salt and pepper manually…
Bank Audi Reinforces Its Financial Positioning Increase in core equity Negotiations to sell Bank Audi Egypt
Increase in Core Equity Bank Audi has started accepting US Dollar denominated cash contributions to capital from its shareholders (holders of common shares), in application of the first stage of Banque du Liban’s circular 532. Shareholders holding the majority of the Bank’s capital have already indicated their willingness to contribute, a valuable token of their…
IPT is Recruiting Lebanese Workers at its Service Stations
n view of the difficult and exceptional circumstances in the country, IPT decided in an unprecedented and responsible initiative to hire Lebanese workers at its service stations that are directly managed by the company. The available openings are the ones that are currently occupied by foreign workers namely gas filling, car washing, oil change, and…