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As Lebanese banks sell assets amid crisis, other companies bet on rise of streaming platforms


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Lebanon may be facing its worst economic crisis in three decades, with some banks forced to sell overseas assets to raise capital, but other companies are expanding amid optimism about new technology and the rapid growth of streaming platforms across the region.
JGroup, founded by Imad Jomaa in 2003, plans to take a majority stake in a UAE media production company. It wants to develop a production house in Lebanon that will feed international and regional streaming platforms.
Mr Jomaa told
The National that JGroup will pay about $10 million for a majority stake in the “well-known” company, which he declined to name. ....

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