Chamber News 3 Chamber AUSTRALIAN LEBANESE in This Edition CHAMBER of COMMERCE NEWS Spring Issue • 2005 a Word from the President P3
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Chamber News 3 Chamber AUSTRALIAN LEBANESE In This Edition CHAMBER OF COMMERCE NEWS Spring issue • 2005 A Word from the President p3 Beirut Chamber applies past lesson p4 Water Treatment p7 Positive images of Lebanon p8 A Word from the President Chamber hosts NAB CEO p10 Another year is nearly over and yet one Lebanon Seeks Western aid p13 feels that there is so much more work to be done or finished. Serious about Property Development p14 Skiing in Lebanon p16 At the ALCC, we feel that the various activities held throughout the year have made a genuine contribution to the community and at the same CHAMBER News is published by time there is always room for improvement. The Australian Lebanese Chamber of Commerce Pty. Ltd. All correspondence to be addressed to: We have big plans for the coming year and will be The Australian Lebanese Chamber of Commerce Pty. Ltd informing our members and supporters about G.P.O. Box 3484 Sydney NSW 2001 these plans in the very near future. www.alcc.com.au The opinions expressed in this publication This year’s annual awards dinner is very special as are not the official opinions of the Australian Lebanese Chamber of it is the Chamber’s Twentieth year since it’s Commerce unless expressly stated. foundation in 1985. The Chamber does not accept any responsibility for the accuracy or otherwise of the information contained in this publication. Readers should rely We pay tribute to its first President Mr Joe Gazal on their own enquiries when making any decisions or taking any action and all the founding members. affecting their interests. FOR ADVERTISING CONTACT Michael Murr - 0411 338 333 On behalf of the ALCC Board of Directors I wish Nadia Obeid - 0416 014 920 everyone a very pleasant evening. Email: [email protected] The Chamber is Published by the Joe Khattar Australian Lebanese Chamber of Commerce (ALCC) Contributions President ALCC for the next issue can be E-Mailed to [email protected] The Chamber is Designed & Printed by R.M. Gregory Printers 02 9744 8979 www.rmgregory.com.au AUSTRALIAN LEBANESE CHAMBER OF COMMERCE Board Members Name Title Name Title Joe Khattar President Michael Symond Director Michael Rizk 1st Vice President Salim Nicolas Director Dr Anthony Hasham 2nd Vice President Danny Arraj Director Nadia Obeid Secretary Adam Malouf Director Michael Murr Treasurer Charlie Chehade Director Maurice Doumit Director Chamber News 4 Beirut Chamber of Commerce chief applies past lessons Ghazi Koraytem's experience at TMA serves well in understanding challenges faced by Lebanese companies By Bechir Saade - Daily Star Business in person BEIRUT: Attaining the highest peaks of achievement can be a a risky venture, when mediocrity sets in and forces one to feel the harsh effects of a free-fall from the greatest heights. Yet these experiences can serve as a useful lesson for future endeavors. These could well be the type of feelings nurtured by the newly elected president of the Beirut Chamber of Commerce, Industry, and Agriculture Ghazi Koraytem as he watches the Trans Mediterranean Airline (TMA) freight carrier drawing its last breaths, after having spent half of his life working to make the company a huge success. As Koraytem waits to take over his position and starts fulfilling one of the most influential and demanding economic lobbying roles in the country, a look at his past experiences may serve well to understand the basic challenges that Lebanese companies have to meet. Starting in 1958 and after finishing postgraduate studies in the management of large enterprise at the University of Munich, Koraytem worked his way up to the position of managing director of TMA cargo freight company in 1982. "I was the first person responsible for getting the airline to operate in more than 60 countries," he said. owned by the chairman of Banque Libano-Fran_aise, Eventually, between 1973 and 1975, TMA became the Farid Roufayel. biggest cargo carrier in the world . At the time, Koraytem said his group was one of the bidders and even though they put in a better offer, As the war unfolded, airlines stopped landing in Beirut, Roufayel got TMA for "a reason I still don't understand." but TMA continued flying to the same destinations, so In addition to that, the new owners had no experience in much so that there was an initial boost in profits, said the airline industry and no plans to rescue the company Koraytem. from the abysmal situation it had sunk into according to Koraytem. But soon enough, countries "where we had traffic lights started to reduce these rights until practically none were "Why somebody with no plan would buy a company is a left." (Traffic lights are licenses given by governments big question mark for me." that permits to airlines to operate in a specific country's airspace.) The company, which was once the "first operator in the Arab world to go to the Far East, to reach Japan and the As the war drew to a close, the company was sold, first first to use Boeing 747s in the Middle East," was from to Roger Tamraz the chairman of Al-Mashreq bank, and this point on irremediably doomed to fail. then rescued from bankruptcy by Jet Holdings, which is Chamber News 5 .....Continued "It is unfortunate to see this company reach this point the facilitation of the availability of credit in order to when you were part of what made it grow in the first trigger growth. place," he said. At the heart of Koraytem's thinking is that the But Koraytem did not remain idle but switched to government should constantly strive to provide the best something completely different in the industrial sector by working environment for businesses. becoming the general manager of SOLIVER, a company that produces glass containers. Recently, the government made an agreement with Kuwait to buy gasoil at a discount price, in order to help Currently a member of the board, Koraytem managed the state-owned electricity company EDL reduce its "to make a profit as early as in the first six months of my ongoing debt. arrival." Lebanese industrialists have complained strongly about "The last program we had when I was a general being left out of this deal, and Koraytem has backed manager was an investment of $12 million" said their arguments, saying "eventually the government has Koraytem showing the level of credibility reached by the to work in all ways possible to supply the various company and the confidence in its capacity to expand. Lebanese economic sectors with energy sources at the most affordable level." From these experiences Koraytem has learned valuable lessons to boost the Lebanese economy. Koraytem wants to make it an "obligation" for the government to include in their deals with energy Accordingly his lobbying program for the Beirut suppliers sufficient quantities to serve the industrial Chamber will have as its priority the lowering of sector. production costs for industry and other enterprises, and PROUD WINNER 2005 Inner West Business Awards Service & Trade Category 25494.qxd 15/6/05 5:40 PM Page 1 Chamber News 6 Supporting the Lebanese community The National is a market leader in providing business banking services to Australian business*. Every business customer, no matter what its size, has a nominated business banker, skilled in meeting the needs of the business. The National’s Property Finance Group is a specialised business unit dedicated to serving businesses in the property industry. Skilled relationship teams with strong industry knowledge can provide specialised advice with quality customer contact providing, “partnering” with our property customers to provide the right solutions. Why choose the National’s Property Finance Group? Having a specialist team with deep industry knowledge, customers can benefit from quicker turnaround times for both indicative finance offers as well as final approvals. As a true business partnership in developing financial solutions for your property business, your business can also benefit from fantastic business development and networking opportunities with property industry professionals. So if you are looking for great financial solutions for your property business, give the team at the National a call: Joe Rizk John Sanders Senior Executive Senior Relationship Manager 02 9237 1237 02 9237 9209 Bill Fitzgerald Michael Hoy Senior Relationship Manager Senior Relationship Manager 02 9237 9241 02 9237 9245 * Based on business lending market share figures from the Reserve Bank of Australia and APRA. ©2005 National Australia Bank Limited ABN 12 004 044 937 AFSL 230686 25494 (06/05) 25494.qxd 15/6/05 5:40 PM Page 1 Chamber News 7 Water Treatment - Water Crisis and Management Water treatment, desalination, recycling, reuse, water from our sewage treatment plants and put it to good use restrictions…. Are all terms we tend to hear more about for industrial and agricultural applications. There are tens Supporting the Lebanese now and for years to come.