Lebanese retail sector needs security, stability: Byblos Bank
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Lebanese retail sector needs security, stability: Byblos Bank

Lebanese retail sector needs security, stability: Byblos Bank

Analysts have said Lebanon's 50-day nationwide discounts initiative launched at the beginning of the year to boost the country's ailing services sector has so far failed to achieve the desired results, The Daily Star has reported. "Frankly, the tourists and visitors did not stop coming to Lebanon over the past two years because prices are elevated," Nassib Ghobril, head of research at Byblos Bank told the daily. "Ten years ago we had successful shopping festivals during the offseason that were accompanied by media campaigns targeting expatriates as well as Arab nationals. But we had security and stability at the time, and the festivals and accompanying campaigns were based on that premise," Ghobril said.

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    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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