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.


Hundreds mourn in Syria’s Homs after deadly mosque bombing

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Hundreds mourn in Syria’s Homs after deadly mosque bombing

HOMS: Hundreds of mourners gathered Saturday despite rain and cold outside of a mosque in the Syrian city of Homs where a bombing the day before killed eight people and wounded 18.
The crowd gathered next to the Imam Ali ibn Abi Talib Mosque in the Wadi Al-Dhahab neighborhood, where the population is predominantly from the Alawite minority, before driving in convoys to bury the victims.
Officials have said the preliminary investigations indicate explosive devices were planted inside the mosque but have not yet publicly identified a suspect.
A little-known group calling itself Saraya Ansar Al-Sunna claimed responsibility for the attack in a statement posted on its Telegram channel, in which it indicated that the attack intended to target members of the Alawite sect, an offshoot of Shia Islam whom hard-line Islamists consider to be apostates.
The same group had previously claimed a suicide attack in June in which a gunman opened fire and then detonated an explosive vest inside a Greek Orthodox church in Dweil’a, on the outskirts of Damascus, killing 25 people as worshippers prayed on a Sunday.
A neighbor of the mosque, who asked to be identified only by the honorific Abu Ahmad (“father of Ahmad“) out of security concerns, said he was at home when he heard the sound of a “very very strong explosion.”
He and other neighbors went to the mosque and saw terrified people running out of it, he said. They entered and began trying to help the wounded, amid blood and scattered body parts on the floor.
While the neighborhood is primarily Alawite, he said the mosque had always been open to members of all sects to pray.
“It’s the house of God,” he said. “The mosque’s door is open to everyone. No one ever asked questions. Whoever wants to enter can enter.”
Mourners were unable to enter the mosque to pray Saturday because the crime scene remained cordoned off, so they prayed outside.
Some then marched through the streets chanting “Ya Ali,” in reference to the Prophet Muhammad’s cousin and son-in-law whom Shiite Muslims consider to be his rightful successor.