Private sector optimistic after Joseph Aoun's election and speech
The Association of Banks in Lebanon waited until the day after the election to issue a statement outlining its expectations, while the RDCL, the Industrialists' Association, and the farmers' unions reacted on the same day.
Lebanon's new president, Joseph Aoun, delivering his inauguration speech, next to Parliament Speaker Nabih Berri (right) and the Deputy Parliament Speaker, MP Elias Bou Saab, on Jan. 9, 2025. (Credit: Mohammad Yassin/L'Orient-Le Jour)
“You can certainly say 'mabrook' [congratulations] in Lebanon,” said Antoine Hoyek, president of the Farmers' Association, summing up the mood after a parliamentary session that ended more than two years of presidential deadlock, culminating in Joseph Aoun’s election to the Lebanese presidency. Read more After the elections: Is the value of the Lebanese lira changing? Private sector representatives, contacted by L'Orient-Le Jour, expressed optimism over the outcome, which followed five years of unprecedented economic crisis and several months of war between Israel and Hezbollah, interrupted by the cease-fire that came into effect on Nov. 27.More than the election itself, it was Aoun's inaugural speech that sparked enthusiasm among the private sector. The new president promised the Lebanese |a new era," outlining plans to "change the...
“You can certainly say 'mabrook' [congratulations] in Lebanon,” said Antoine Hoyek, president of the Farmers' Association, summing up the mood after a parliamentary session that ended more than two years of presidential deadlock, culminating in Joseph Aoun’s election to the Lebanese presidency. Read more After the elections: Is the value of the Lebanese lira changing? Private sector representatives, contacted by L'Orient-Le Jour, expressed optimism over the outcome, which followed five years of unprecedented economic crisis and several months of war between Israel and Hezbollah, interrupted by the cease-fire that came into effect on Nov. 27.More than the election itself, it was Aoun's inaugural speech that sparked enthusiasm among the private sector. The new president promised the Lebanese |a new era," outlining plans to...
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