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Nicolas Chammas

Nicolas Chammas latest

Hundreds of stores owned by Lebanese have also closed after failing to pay the rent and other expenses, such as electricity bills.
September 23rd, 2019 - 11:05 GMT

Lebanese Merchants Face Unprecedented Economic Slowdown

The dozens of banners, announcing 80 and 90 percent discounts, on shop windows in Lebanon’s Zalka region failed to attract any clients, amid an unprecedented economic slowdown in the country. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-0…","video_id":"0f1dfe4b-ef8a-48b8-9604-07009c97ae63","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"The Worst 10 Destinations for Expats"} Nicolas Chammas, head of the Beirut Traders Association, said last week that this year’s summer season was the worst, in terms of commercial trade, due to security developments that took place in the country ...
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The drop in sales can be attributed to several factors, such as high inflation, political instability in the country. (Shutterstock)
September 24th, 2018 - 09:57 GMT

Lebanese Retail Economy Still Stagnant Despite Massive Discounts

The BTA head said that stores everywhere, including in malls, are witnessing low sales this festive season due to low purchasing power.  (Shutterstock)
December 22nd, 2016 - 06:00 GMT

Lebanon's retailers wait in vain for a post-election boost

Some institutions in Lebanon are paying half a salary to their staff while others resort to arbitrary layoffs with no compensation. (Shutterstock)
September 11th, 2016 - 08:00 GMT

Lebanon: 2000 layoffs in the wake of economic and political crises

Al Bawaba
March 22nd, 2015 - 04:00 GMT

Time to watch (out): Lebanese TV stations register losses

Increasing number of car bombs have destroyed Lebanon's tourism sector (File Archive/AFP)
February 27th, 2014 - 08:34 GMT

Why Lebanon’s Economic Minister is telling Beirut to spend more?!

Ever since the eruption of the civil war in Syria, hundreds of thousands of Syrian refugees have fled to Lebanon. Struggling to find jobs, many refugees have instead opened business in the already crowded market.
November 26th, 2013 - 03:55 GMT

Doing it Saudi style, except worse: Lebanon to go after Syrian businesses

Head of the Industrialists Association Nehmat Frem warned that Lebanon had crossed into dangerous territory when its public debt grew above $60 billion.
September 5th, 2013 - 01:48 GMT

Lebanon's private sector strike described as 'unmatched in 40 years'

Retail sales in Lebanon have taken a hit, in part due to the Syrian crisis and political instability
March 5th, 2013 - 07:22 GMT

Retail sales in Lebanon falling

Retail dropping off in Lebanon
November 20th, 2012 - 09:28 GMT

Retail activity slowing down in Lebanon

Luxury items and equipment witnessed a sharp decline
September 5th, 2012 - 10:50 GMT

Fuzzy Logic: Lebanese demand goes up in commodities as prices rise

The first half of 2012 saw the deficit climbing 22.5 percent, or around $1.6 billion, to reach $8.71 billion, compared to $7.11 billion in the same period of 2011
July 30th, 2012 - 09:50 GMT

Lebanese economy takes a hit from Syria's problem

Al Bawaba News

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