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Please mark your calendar for the 1st and the 2nd of August 2018

Dear colleagues, We are pleased to welcome you to the General Assembly of LIBC which will be held on 1st of August 2018 in Beirut. Proposal of agenda of General Assembly: Agenda of the General Assembly Meeting: 1- Reception 2- Establishing Quorum 3- Introduction 4- President Report 5- Financial Report…

Salameh rejects devaluation of pound

Central Bank Governor Riad Salameh Wednesday brushed off calls for a managed devaluation of the Lebanese currency, warning that such a step would be detrimental to the national economy. “We are not considering any devaluation because we believe that it will be detrimental to confidence, detrimental to the economy and…

Emirates makes history with one-off A380 touchdown in Beirut

The Emirates A380 touched down in Beirut today for a historic one-off service to Rafic Al Hariri International Airport (BEY), contributing to an aviation milestone for Lebanon and its hub airport. The landing demonstrated the airport’s readiness to accommodate the A380, the world’s largest commercial passenger jet. The special A380…

Lebanon anticipates economic revival

Lebanon’s economy is expected to improve even before offshore gas and oil exploration at the beginning of 2019, Energy and Water Minister Cesar Abi Khalil said Wednesday. A consortium of France’s Total, Italy’s Eni and Russia’s Novatek has signed agreements for offshore oil and gas exploration and production in block…

Capturing Opportunities and Opening New Revenue Streams through Industry Digitalization

In the digital era, the telecommunications market is arguably more competitive than it has ever been. With the global technological transformation well underway, governments, industries, and individuals alike have become increasingly dependent on the digital tools, services, and solutions provided and managed by telecoms operators. As such, it is up…

$295 million for Lebanon’s rapid transport

The World Bank has approved a $295 million package to overhaul the transport sector. The Greater Beirut Public Transport Project (GBPTP) is expected to ease congestions on roads and unlock private finance in the infrastructure sector. The project will be financed by a $225 million loan. The Global Concessional Financing…

UN Human Rights Committee reviewed Lebanon

The UN Human Rights Committee, which monitors implementation by States of one of the main international human rights treaties, the International Covenant on Civil and Political Rights (ICCPR), is meeting in Geneva from 12 March to 6 April 2018. The Committee reviewed Lebanon on (15-16 March). Lebanon is among the 169…

Location-Based Services – The Next Technology Evolution for Lebanon’s Retail Industry

  Mobile devices have changed how we work and navigate daily life, which means there’s a tremendous opportunity to capitalize on the growing use of mobile apps. Location-based services mean that retailers can leverage mobile devices and Bluetooth technology to provide offers to customers and prospects, help customers and employees…

$1.6 billion in upcoming private investments in renewable energy

The Ministry of Energy and Water (MoEW) launched an Expression of Interest (EoI) for three solar farms that will generate 70 to 100 megawatts (MW) each. Each solar farm should have battery storage capacity of 70 Megawatt Hour (MWh). It is the first time such a requirement has been made.…

Lebanese-Armenian fund to boost bilateral projects

Prime Minister Saad Hariri and his Armenian counterpart, Karen Karapetyan, vowed Monday to strengthen bilateral ties and encourage investment in both countries’ private sectors. Hariri and Karapetyan held a joint news conference after meeting at the Grand Serail. “We agreed on strengthening ties and cooperation in the banking sector to…
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