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Mandatory environmental requirements for industrialists in Lebanon

All industrial companies are required by the Ministry of Environment (MoE) to meet environmental conditions by the end of 2018. Pollution from industrial facilities represents half of the total pollution, according to Mohamad Machnouk, Minister of Environment. Machnouk said: “It’s time for industrialists to be environmentally committed. They should know…

Greenfield FDI in Lebanon at $11 billion between January 2003 and April 2016

Figures released by FDI Markets show that the cumulative value of Arab greenfield foreign direct investment (FDI) in Lebanon totaled $11.43bn between January 2003 and April 2016. Lebanon was the 11th largest recipient of inter-Arab greenfield FDI among 21 Arab countries during the covered period, ahead of Syria ($10.65bn), Oman ($9.53bn),…

No light at end of tunnel for Lebanon’s power crisis

Four decades ago, Lebanon used to export power to its larger neighbor Syria. Now it barely generates enough electricity to keep street lamps on at night. The situation is so bad that even people fleeing the conflict in Syria have been heard to complain. Outages have plagued Lebanon since its…

New corrugated packaging factory opened in Lebanon

Megapack, a manufacturer of corrugated packaging, opened earlier this month in the industrial zone of Mazraat Yachouh. Investment in the project is valued at three million dollars and includes a subsidized loan by the Central Bank. The facility has a total built-up area of 5,500 square meters, including four floors.…

The Countries With The Most Refugees Per 1,000 Inhabitants [Infographic]

By Niall McCarthy ,  Data journalist covering technological, societal and media topics The number of people displaced by war and persecution around the world has reached a record high, according to a new UN report. One in every 122 humans globally is either a refugee, internally displaced or seeking asylum. The…

Eid Adha Mubarak

LIBC team is pleased to convey the best greetings and wishes to you for Eid Al-Adha holiday. We pray to Allah that our worships were accepted, and that we all were involved in Allah’s forgiveness and manumission of hell fire. We pray to Allah to reward us and our beloved…

Lebanon FM urges unity in nationality drive

Foreign Minister Gebran Bassil called Wednesday for unity to implement the nationality law for the Lebanese diaspora, saying that anyone of paternal Lebanese origin should be allowed to attain citizenship regardless of their sect. “Every person of Lebanese origin should be able to attain citizenship whatever his sect is, and…

افتتاح ملتقى الاغتراب اللبناني فواز: صوت المغترب حقيقة ثابتة

افتتح “المجلس الاغترابي اللبناني للاعمال” ملتقى الاغتراب اللبناني في فندق “المونرو” بحضور وزير الخارجية والمغتربين جبران باسيل، وزير الداخلية نهاد المشنوق، النائب نعمة الله ابي نصر وعدد من رجال الاعمال اللبنانيين المغتربين. وتحدث باسيل والمشنوق في الجلسة الاولى التي عقدت بعنوان “استعادة الجنسية وحق المغترب بالاقتراع” وادارها القاضي سالم سلامة.…

Mashnouk: New president to be elected soon

Interior and municipalities minister Nouhad Mashnouk stressed his belief that a new president will soon be elected, confirming his optimism regarding Lebanon’s future. Mashnouk stressed during his participation in the Immigrant’s Reunion 2016 conference of the Lebanese International Businesses Council of  the presence of live action represented in “serious interior…

Banker explains cash transfer delays

A vice governor of Lebanon’s Central Bank acknowledged Tuesday that some Lebanese expats are complaining about delays in transferring funds to the country. Saad Andary made the remarks to participants in the Immigrant’s Reunion 2016 conference. It was the first time a senior Central Bank official has admitted that some…