Economy Minister Alain Hakim, center, speaks during a conference in Beirut, Wednesday, Feb. 26, 2014. (The Daily Star/Hasan Shaaban)
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Hakim asks Lebanese to spend moreIn his first public appearance since his appointment as economy minister, Alain Hakim Wednesday urged the Lebanese to increase consumption to help revive the struggling economy. Hakim asked the public to rely on their own capabilities to revive the economy until the security situation improved and Arab tourists returned to Lebanon.Lebanon has been rocked by a series of bombings related to the ongoing conflict in neighboring Syria, which has contributed to a deterioration of the different sectors of the economy and created fear among Lebanese citizens.Hakim said that around 15 percent of Lebanese chose to spend their holidays outside Lebanon.Chammas echoed the minister's call for increasing internal consumption to help the trade sector.Charles Arbid, president of the Lebanese Franchise Association, emphasized the importance of lowering the cost of business in Lebanon across all of the economic sectors.
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