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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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    Oman inks pack to bolster role of SMEs in food systems

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      Egypt’s Trade minister, Hungarian ambassador discuss economic relations

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      Turkey eyes $5bn bilateral trade with Qatar

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      Miral’s premier Abu Dhabi waterfront project work on track

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          COVID-19 vaccine could be available by autumn: Oxford University

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          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

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          Saudi to be among world’s big leisure tourism hubs by 2030

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          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

          Oman inks pack to bolster role of SMEs in food systems

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          MAFWR, Port of Duqm sign MoU

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Local, Italian companies partner up to establish food retail chain in Egypt

            Local, Italian companies partner up to establish food retail chain in Egypt

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            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Miral’s premier Abu Dhabi waterfront project work on track

            Miral’s premier Abu Dhabi waterfront project work on track

            Aecom wins Neom utilities infrastructure design contract

            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

              Acwa Power inks finance deals for 900MW Dubai solar park

              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                UAE sends medical aid to Iraq to fight COVID-19

                UAE sends medical aid to Iraq to fight COVID-19

                UAE launches phase III trial of inactivated Covid vaccine

                UAE launches phase III trial of inactivated Covid vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Lebanese franchisors tap emerging markets

              The Daily Star

              April 19, 2013
              in Business
              0

              Lebanese franchises are gradually expanding throughout MENA as food and beverage companies tap emerging markets, officials and experts said at a Beirut forum.

              “Today we have around 300 Lebanese companies which exported franchises to more than 40 countries, and growth prospects continue to be very positive,” Charles Arbid, head of the Lebanese Franchise Association, told The Daily Star.

              Arbid said his group, which supports and mentors companies interested in expanding on the regional level, has grown exponentially in membership over the past few years – an indicator that the sector is outperforming the troubled local economy.

              “Franchising as a sector is by design made for difficult times. Franchise is about tested and innovative goods and services, which offer a high added-value. … It has all the possibility of remaining solid in spite of any difficulties,” he said.

              Lebanese franchise concepts are being exported not only to GCC countries, but to the highly competitive U.S. and European markets.

              The view was echoed by the head of AlIktissad Wal Aaamal, Raouf Abou Zaki, who said franchising is an optimal activity for Lebanese companies: “It allows companies to step out of the small Lebanese economy and expand into new markets while keeping costs to a minimum and without the need to allocate the high investments and expenditures traditionally needed to cement position in a foreign market.”

              However, Lebanon lacks a legal framework or any specialized body that regulates franchising activities.
              Caretaker Economy Minister Nicolas Nahas, who spoke at the opening session of the Beirut International Franchise Forum & Exhibition 2013, was similarly optimistic.

              “Lebanon has become the consumption trendsetter in the region,” Nahhas said. “The sector is putting Lebanon on the regional economic map, effectively boosting trade of services and goods with countries where Lebanese firms are strongly present.”

              Caretaker Industry Minister Vreij Sabounjian said firms should take the example from strongly competitive sectors including wine-making, clothing and fashion: “Following these examples would open up more markets in the GCC, Europe, Africa, South Asia and even Russia.”

              Head of the Beirut Chamber of Commerce Mohammad Choukeir said the liberal Lebanese economy had started to bear fruit, adding that local companies had grown resilient because of foreign competition.

              Choukeir added that the next step for Lebanese companies was to undertake initial public offerings.

              “This can be highly beneficial for everyone and contribute significantly to the growth and development of companies,” he said.

              At a session titled “Franchising: a promoter or innovation killer?” experts said allowing franchise holders a certain degree of innovation can be a great way to boost business.

              The famous McDonald’s Big Mac was created by Jim Delligatti, one of the global fast food chain’s earliest franchisees, said Osama Ghanim, CEO of Innovabia.

              Marco Almeida, of Spanish retailer Parfois, said the company had been achieving a 34 percent annual growth rate through a mix of tight management of supply networks, franchisees’ stocks and innovative designs for their accessories brand.
              The Daily Star
              19 April

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