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Installed solar power in Lebanon is set to double this year

Around 9.45 megawatts (MW) of solar photovoltaic (PV) systems were installed by the end of last year, according to the first Solar PV Status Report for Lebanon 2015. The study was conducted by the Small Decentralized Renewable Energy Power Generation (DREG) project. Jil Amine, Project Manager of DREG, said: “Last…

Remittances from expatriates to Lebanon are expected to increase (World Bank)

Remittances from expatriates to Lebanon are expected to increase slightly in 2016, according to the World Bank. In a report on capital inflows published Sunday, the World Bank projected that remittances from expatriates will reach $7.6 billion in 2016 compared to $7.48 billion in 2015, registering an increase of 1.6…

Lebanese agro-food sector growth at 11%

The agro-food sector has been increasing at a compound annual growth rate (CAGR) of 11 percent, according to ‘Investment Opportunities in the Agro-food Sector 2016’ report issued by the Investment Development Authority in Lebanon (IDAL). The sector has an estimated workforce of 21,000 constituting the highest share of the industrial…

WE CARE, THEREFORE WE ACT: LEBANON’S CORPORATE GREEN CONTRIBUTION

Today companies around the world are leading the way in green initiatives, adopting a wide range of admirable, in-house sustainability practices such as ambitious recycling programs and the installation of low-energy systems, in addition to financing external green projects of which they want to be a part. In many cases,…

Pterosaur flies safely home in Lebanon after 95 million years

With the help of University of Alberta scientists, a newly described pterosaur has finally flown home. This spectacular fossil material was discovered in a private Lebanese limestone quarry more than a decade ago and has led to what UAlberta paleontologist Michael Caldwell calls “priceless scientific findings.” “This is the first…

Could Thomas Jefferson’s DNA Trail Reveal Lebanese Origins?

DNA testing carried out by University of Leicester geneticists and funded by The Wellcome Trust has thrown new light on the ancestry of one of the USA’s most revered figures, the third President, Thomas Jefferson. Almost 10 years ago, the University of Leicester team, led by Professor Mark Jobling, together…

New Octopods from the Late Cretaceous of Hakel and Hjoula, Lebanon

The finds of 95 million year old fossils, in 2009, reveal much earlier origins of modern octopuses. These are among the rarest and unlikeliest of fossils. The chances of an octopus corpse surviving long enough to be fossilized are so small that prior to this discovery only a single fossil species…

Stay tuned for the 3rd Annual Immigrant’s Reunion 2017

Dear LIBC members and Friends  On behalf of the Lebanese International Businesses Council [ LIBC ], we want to thank all who attended the 2nd Annual Immigrant’s Reunion 2016 conference on August 9, 2016, at Monroe Hotel, Beirut. For all who could not attend we encourage you to become members of the…

Lebanon awards €108 million O&M contracts for 270 MW electricity

The contract for the operation and maintenance of the two new power plants at Zouk and Jiyeh has been won by a joint venture of Indian firm Operational Energy Group (OEG), Turkish firm Arkay Limited, and local firm Middle East Power, according to a source at the Ministry of Energy…

The first North America Lebanese Diaspora Energy (LDE) Conference

The first North America Lebanese Diaspora Energy (LDE) Conference was held last week in NYC September 16-17, 2016 under the patronage of Lebanese Minister of Foreign Affairs and Emigrants, His Excellency Gebran Bassil. The goal of the conference was to bring the varied successful Lebanese immigrants living in the United…