business

Aoun: Lebanon’s Main Problem Is Corruption, Not Bankruptcy

President Joseph Aoun on Thursday emphasized that Lebanon’s primary challenge is corruption, “because there has been no accountability.” Speaking at a meeting with a delegation from the Lebanese Business Council in Abu Dhabi, Aoun noted that “today, there is a judiciary, cases are being opened, and there are no prohibitions or red lines ...

Sony Buys Stake in ‘Gundam’ Owner to Grow Anime Business

Sony has bought a strategic 2.5 percent stake in Japanese game franchise giant Bandai Namco, which owns "Gundam" and arcade classic "Pac-Man", with a view to growing its anime business. Booming global appetite for Japanese animation has become a money-spinner for Sony, which acquired online anime library Crunchyroll in 2021. "As two of the ...

Downtown Revival: Many Businesses Set to Reopen Near Nejmeh Square

After years of closure, void and stagnation of market activity, Nejmeh Square in downtown Beirut was finally reopened to the public, along with the surrounding roads — especially those near the Parliament building and the Banks’ Street, adjacent to the Grand Serail. These areas had been sealed off with metal and concrete barriers, as well as ...