|
October - December 2001 |
Aïshti boutique held its grand opening on December 7. The new department store is situated at 71 Moutran street. More than 50 well-known brands are available on four floors, covering cosmetics, jewellery, menswear, ladies fashion, shoes, accessories, children's wear, lingerie and sportswear. Two upper floors, expected to open in March 2002, will include a restaurant and a beauty treatment spa.
Other retail openings
Action
Sport
Aspuces
Aziz
delicatessen
Citrus
fusion
cuisine
De
Castellane
gifts
Diva
Bar
Di
Maggio
café
Don
Eduardo
steak
house
Dunkin
Donuts
Florsheim
shoes
Goofy
gifts
Grimani
handbags
Gucci
Island
Butterfly
chocolates
Kindara
shoes
Kiub's
restaurant
La
Posta
restaurant
Le
5
brasserie
La
Maison
du
Saumon-Salmontini
Liquid
bar
Mabrouk
artisanat
St
Vincent
de
Paul
Mahfouz
fashions
Momento
computers
Morgan
clothing
Nabil
Ammache
&
Salon
Isis
Petit
Café
Pizzazz
famous
pizza
Prémaman
children's
wear
Prima
Luce
restaurant
Pulse
bar
Ramzi
Zeidan
&
Co
jewellers
Rectangle
Jaune
clothing
Rosana
restaurant
Safadi
snack
Springfield
clothing
Swarovski
crystalware
Scoozi
restaurant
Strange
Fruit
nightclub
Tant
qu'il
y
aura
des
femmes
lingerie
Timberland
clothing
Tod's
shoes
&
bags
3
pas
children's
shoes
Zone
gadgets
Moving in soon
Bacalao
Spanish
restaurant
Body
One
lingerie
Façonnable
clothing
Geoffrey's
café
Kababji
restaurant
Ladurée
restaurant
La
Camiceria
Italiana
Les
Deux
Magots
restaurant
Mahmoud
Kabalan
carpets
Nakhlé
ladies
fashion
O
mi-centre
snack
Paper
Moon
coffee
shop
Paul
coffee
shop
San
Raphael
beauty
institute
Wardé
furnishing
fabrics
Offices
Parsons Brickerhoff engineers and planners, headquartered in New York, have moved their Lebanese operations to Astral building Maarad street.
Other newcomers include: Lido Master, representing Universal for music, at 157 Saad Zaghloul street; Fidus financial services at 1166 Riad El Solh Street; Siemens at 200 Hussein El Ahdab street; Intermarkets advertising at 201 Maarad street; and Pharaon Holding at Asseily building, Riad El Solh Square.
Hotels
Marina
Towers
foundation
stone
On
October
30,
Prime
Minister
Rafic
Hariri
placed
the
foundation
stone
for
the
Marina
Towers
project,
in
the
presence
of
the
Marina
Towers
s.a.l
board
of
directors,
and
many
guests.
The
luxury
residential
complex
overlooking
the
Beirut
Marina
consists
of
a
150-meter
tower
incorporating
31
storeys,
and
another
nine-storey
building.
Based
on
a
concept
by
Kohn
Pedersen
Fox
Associates
(USA),
the
design
was
implemented
by
Buro
Happold
(UK).
Solidere published its audited half-yearly financial statements. The results show a loss of US$4.3 million, mostly due to delays in closing sales, as the impact of decree 5714 of June 19, 2001 amending the master plan had not been felt by mid-year. Sales revenues were US$9.5 million, rental revenues US$4.8 million. Despite the poor results, the Company fulfilled its financial commitments, including a debt repayment of US$11 million. The Company expects to have substantially improved results by year-end.
The quarter started with a worsening of the downward drift after the US events. By end October, share A moved back to its low of US$4 and share B reached a new low of US$37/8. November witnessed a reversal and the positive mood was boosted beginning December by two large Special Orders: 500,000 A shares and 500,000 B shares were traded off the market floor at a US$5 price.
Share A closed the quarter at US$45/8, 2.8% higher than the previous quarter. Share B closed slightly upbeat, also at US$45/8, 2.8% above the previous quarter.
Trading activity turned higher, with around 1,975,550 shares exchanging hands.
The GDRs, which are traded in the London Stock Exchange, also moved higher during the quarter, closing at $43/8.