Touch launches ‘Innovation Lab’ initiative.

Touch, the mobile telecom operator, launched its Touch Innovation Program (TIP) to select potential entrepreneurs and enhance their potential.

TIP partners with Arabnet and Antwork to provide mentorship and working space.

Nadim Khater, Chief Commercial Officer at Touch, said that this project moves in parallel to the digital transformation plan within Touch. This plan includes partnering with content providers for a shared revenue model. Among the recent partners, Touch had teame...

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Six-month payback in UNIDO-IRI green program.

The United Nations Industrial Development Organization (UNIDO) announced the first results of the 'MED Transfer of Environmentally Sound Technology (TEST) II' project that was launched in 2015. The program aims at assisting industrial companies in switching to sustainable consumption and production. Practical results from eight factories that applied to the project have resulted in a saving of over €1.6 million ($1.9 million) annually.

TEST II addresses rising energy raw material costs b...

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Too many universities?. 200,000 students, up more than 40 percent in a decade

The number of students in private universities reached 125,000 in the school year 2016-2017, registering a 43 percent increase in ten years, according to the Center for Educational Research and Development (CERD).

The number of Lebanese University (LU) students registered only increased by three percent in ten years, reaching 75,000 last year.

There are currently 49 private universities and colleges, increasing from 38 in 2009. There are an additional 50 branches spread across th...

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Mohamed Choucair elected Chairman of Economic Bodies. Succeeding Adnan Kassar

Mohamad Choucair, Chairman of the Federation of Chambers of Commerce, Industry and Agriculture in Lebanon, was handed over the chairmanship of Economic Bodies, succeeding Adnan Kassar, Chairman of Fransabank Group.

Representatives from all economic sectors confirmed their support to Choucair.

Kassar said: "Choucair proved that he is a leader who is able to launch initiatives and handle all the responsibilities, and support the economic bodies' role in economic and social issues. ...

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Minor Hotels to manage Oaks Beirut.

Minor Hotels, an international management chain, will manage a hotel owned by Allied Investment Group, a hospitality company, previously known as Hotel de Ville. As of June the hotel will operate under the brand name Oaks Beirut.

Allied Investment, owned by Joseph Nemer, is in the process of renovating the 4A-star hotel. The hotel, which closed last October, was managed by Golden Tulip.

Investment in the renovation is $5 million. Renovia Beirut, owned by Greco Younan, is renovati...

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