News Development in Lebanon

Development - Calvin Klein owner buys Tommy Hilfiger brand (AFP / iloubnan.info - March 21, 2010, 16h15)

BEIRUT – The company behind Calvin Klein has bought fellow US fashion brand Tommy Hilfiger for 2.2 billion euros (3.0 billion dollars), Hilfiger's current owner said to AFP. Phillips-Van Heusen, one of the world's largest apparel companies, will open a "new chapter" in the the story of Hilfiger, said one executive. "Funds advised by Apax Partners today announced a definitive agreement to sell Tommy Hilfiger Group ... to Phillips-Van Heusen Corporation for a total consideration of approximately 2.2 billion euros," Apax said. Apax Partners, a leading British private equity group, bought Hilfiger in 2006 for 1.2 billion euros and has since boosted revenues, increased the brand's global presence and lowered... Read more

Development - Energy Ministry denies agreement with US firm (iloubnan.info - March 21, 2010, 11h30)

BEIRUT – According to Lebanon This Week published by Byblos Bank, The Ministry of Energy & Hydraulic Resources denied reports of a pending agreement or cooperation with U.S. solar energy firm Bergamo Acquisition Corporation. Last week,... Read more

Development - Peace is a key factor to attract investment to Lebanon according to the telecom tycoon Carlos Slim (iloubnan.info - March 19, 2010, 19h17)

An unquestionable character and a certain charisma, smiling with a firm handshake, Carlos Slim’s awaited grand entrance during a press conference held on Tuesday at the General Commerce Chamber Industry and Agriculture Union for Arab... Read more

Development - Latest development of the campaign of industrials Association (iloubnan.info - March 17, 2010, 18h00)

BEIRUT-According to authorized sources, an agreement was made between candidate Fady Gemayel, president of the federation of paper, and candidate Efrem Nehmé at a meeting held at the Industrial Union Headquarters in North Metn. This... Read more

Development - Carlos Slim in conference invited by the minister of State Adnan Kassar (iloubnan.info - March 16, 2010, 20h28)

At a conference held today at the headquarters of the General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries, organized by the Minister of State Adnan Kassar; the telecom magnate, Carlos Slim, of Lebanese descent,... Read more

Development - Poverty in Tripoli: case study examining the town al-Fayha in Tripoli (iloubnan.info - March 10, 2010, 16h02)

The French Development Agency (FDA) and the French Institute of the Near East (IFPO) have held on Monday a seminar entitled, "Poverty and socio-economic conditions in Lebanon: a study on the situation in Tripoli al-Fayha“. Read more

Development - Lebanon ranks 82nd globally, 9th in Arab world on ICT Development Index (iloubnan.info - March 07, 2010, 10h30)

BEIRUT - Communication Technology (ICT) Development Index in 159 countries ranked Lebanon in 82nd place worldwide and 9th among 19 Arab countries. Lebanon also ranked in 26th place among 28 upper middle income countries (UMICs) included in the... Read more

Development - Conference on the Union for the Mediterranean (UPM) at the ESA: Georges Corm recalls that a side of the Mediterranean "has always wanted to dominate the other one" (iloubnan.info - March 06, 2010, 15h35)

Bader program dedicated to young entrepreneurs and the Institute of economic Forecasting in the Mediterranean region (Ipemed) have held at the l’Ecole supérieure des Affaires (ESA) a conference on the theme "The state of Union for... Read more

Development - Oger Telecom plans to increase stake in Turk Telecom (iloubnan.info - March 02, 2010, 16h45)

BEIRUT - According to Lebanon this Week published by Byblos Bank, Oger Telecom, part of the Hariri family-owned Saudi Oger Group, declared its interest in acquiring the Turkish government's stake in fixed-line operator Turk Telecom. Oger Telecom... Read more

also