Flynas back to Beirut.

Flynas, a Saudi based low-cost airline, has re-introduced its Beirut-Riyadh route. Flynas will start flights in early November.

Kurban Travel will be the sole local agent for Flynas.

Bander Al Hassan, Director of Marketing and Communication at Flynas, said: "The company will operate four flights per week from King Khaled Airport in Riyadh."

Travelers on Flynas have to pay for onboard food. They have the ability to carry 20 kilograms of baggage for free, and any additional w...

Article details

Car loans are smaller in size and number. Upturn in used car imports

The average size of car loans has decreased due to a shift towards smaller and cheaper cars and because of higher down payment requirements, reveals an article published in the October issue of Lebanon Opportunities magazine.

Car loans started to decline after reaching a peak in 2011, and they stood at $1.2 billion in April. Car loans account for 6.7 percent of retail banking loans.

Besides the economic slowdown, the main direct factors affecting car loans are the shift to purchas...

Article details

Drinking water panels generated by solar power. Each unit to produce water from thin air enough for one family

Source, a solar panel technology designed to extract drinking water from the air, has been introduced to the local market recently by the US-based company Zero Mass Water. It is represented locally by Hasan Daouk.

Source produces water through adsorption and condensation of water vapor from the atmosphere. The technology only needs sunlight and air to create drinking water. Cody Friesen, CEO of Zero Mass Water, said, "This technology provides a safe and economic solution for drinking wate...

Article details

Hilton Beirut Downtown will open early next year. $160 million for 158 rooms

Hilton Beirut Downtown, a five star A hotel, will open in Beirut Central District early next year.

The hotel is owned by Al-Iqarat Wal Abnia Co, which is chaired by Nadhmi Aouchi, the owner of Le Royal Hotel and Resort in Dbayeh. It will be managed by the international management chain Hilton. The property has been under construction since 2000. "Hilton was planning to manage this property before handling Hilton Habtoor Grand in Sin el Fil," said Joyce Mouawad, Marketing Director of Le R...

Article details

Louis 5 Hotel to open in Dbayeh. $16 million investment for 63 rooms

Louis 5, a four A star hotel, will open on the Dbayeh Highway next to ABC mall in early 2018.

Investment in the hotel totals $16 million. The project is owned by the Mardikian Group, a real estate development company, and the owner of the Garden City Hotel in Dekwaneh, and White Tower.

The total built-up area of the hotel is 6,000 square meters (m2), including 15 floors and three underground floors dedicated to parking.

Louis 5 will also include a spa, gym and two conferen...

Article details