Coca-Cola fizzles out in Lebanon with economic downturn

Coca-Cola fans could opt to shift their loyalty to PepsiCo with the impending cessation of its rival’s operations in Lebanon. (AFP file photo)
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Updated 01 May 2020
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Coca-Cola fizzles out in Lebanon with economic downturn

  • NBC, the beverage maker’s distributor in Lebanon, said the critical economic situation has forced it to make the difficult decision
  • All of Coca-Cola’s products, including Sprite, Fanta and Diet Coke would also be affected

DUBAI: Coca-Cola spirit has fizzled out in Lebanon and would be shuttering its operation on May 31 as prospects from the country’s continuous economic decline remained gloomy.
“You have all become certain that the company has been experiencing critical challenges and difficulties, yet was able to overcome some of them although it recorded an accumulated set of losses,” National Beverage Company (NBC), Aujan said in a statement.

NBC, the beverage maker’s distributor in Lebanon, said the critical economic situation has forced it to make the difficult decision. With the closure of operations, all of Coca-Cola’s products, including Sprite, Fanta and Diet Coke would also be affected.

“Due to the current deteriorating economic conditions in the country, which paralyzed the economic activity, especially the process of importing raw materials for industrialization and making bank transfers abroad,” the company said in statement.

The Lebanese government on Thursday agreed on an economic reform roadmap, paving the way for negotiations with the International Monetary Fund and other international partners and possibly free up pledges that have been pending since 2018.

Coca-Cola fans could however opt to shift their loyalty to rival PepsiCo who is keeping its operations in the country and could benefit its products such as 7-Up and Miranda with the impending cessation of Coca-Cola operations in Lebanon.


Libya says UK to analyze black box from crash that killed general

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Libya says UK to analyze black box from crash that killed general

TRIPOLI: Libya said on Thursday that Britain had agreed to analyze the black box from a plane crash in Turkiye on December 23 that killed a Libyan military delegation, including the head of its army.
General Mohammed Al-Haddad and four aides died after a visit to Ankara, with Turkish officials saying an electrical failure caused their Falcon 50 jet to crash shortly after takeoff.
Three crew members, two of them French, were also killed.
The aircraft’s black box flight recorder was found on farmland near the crash site.
“We coordinated directly with Britain for the analysis” of the black box, Mohamed Al-Chahoubi, transport minister in the Government of National Unity (GNU), said at a press conference in Tripoli.
General Haddad was very popular in Libya despite deep divisions between west and east.
The North African country has been split since a NATO-backed revolt toppled and killed longtime leader Muammar Qaddafi in 2011.
Haddad was chief of staff for the internationally recognized GNU, which controls the west. The east is run by military ruler Khalifa Haftar.
Chahoubi told AFP a request for the analysis was “made to Germany, which demanded France’s assistance” to examine the aircraft’s flight recorders.
“However, the Chicago Convention stipulates that the country analizing the black box must be neutral,” he said.
“Since France is a manufacturer of the aircraft and the crew was French, it is not qualified to participate. The United Kingdom, on the other hand, was accepted by Libya and Turkiye.”
After meeting the British ambassador to Tripoli on Tuesday, Foreign Minister Taher Al-Baour said a joint request had been submitted by Libya and Turkiye to Britain “to obtain technical and legal support for the analysis of the black box.”
Chahoubi told Thursday’s press briefing that Britain “announced its agreement, in coordination with the Libyan Ministry of Transport and the Turkish authorities.”
He said it was not yet possible to say how long it would take to retrieve the flight data, as this depended on the state of the black box.
“The findings will be made public once they are known,” Chahoubi said, warning against “false information” and urging the public not to pay attention to rumors.