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Oil exploration to start in 2019

A consortium of oil companies are committed to exploring gas in blocks four and nine in 2019, caretaker Energy and Water Minister Cesar Abi Khalil said on Wednesday. Abi Khalil made the statement after he, caretaker Foreign Minister Gebran Bassil and Norwegian Ambassador to Lebanon Lene Natasha Lind signed the…

Mark your Calendar: LIBC General Assembly Meeting, August 8th, 2018

Dear Members You are kindly invited to attend the meeting of the LIBC General Assembly which will be held on August 8th, 2018 at 10:00 AM. At Monroe Hotel, located facing Phoenicia hotel, Ain El Mreisseh. Download the Nomination Letter  We encourage you to invite Lebanese expatriates who are in Lebanon, to…

Tender launched for solar power at Casino du Liban

A government agency affiliated with the Energy Ministry announced Friday a call for bids to install a solar photovoltaic system at Casino du Liban. “As part of the national plan launched by the Energy and Water Ministry to install solar photovoltaic systems on the rooftops of 10 public buildings, a…

IDAL increases financial incentives to exporters

The Investment Development Authority in Lebanon (IDAL) has increased the financial incentives of its Agri-Plus program. The program supports agricultural and industrial exporters. IDAL increased the subsidies by 15 percent. It also increased the financial incentives to products exported to Jordan by 43 percent. IDAL’s financial incentives are based on…

Can Lebanon’s next government rise to the economic challenge?

After Lebanon’s first parliamentary election in nine years, the dire economic situation and unsustainable public debt levels are top priorities for the next government. Before the May 6 vote, leaders from across the deeply divided political establishment sounded the alarm about the state’s finances and economy. They agree a new…

Lebanon’s wind EoI draws companies from 21 countries

Companies from 21 countries have taken part in Lebanon’s Expressions of Interest (EoI) for the development of 200 MW-400 MW of wind capacity. Lebanon’s Center for Energy Conservation (LCEC) recently published a list of the 42 bidders that have responded to the EoI. Lebanese companies are most prevalent, followed by…

IMMIGRANTS’ REUNION 2018: All Lebanese expatriates and immigrants are invited

Building on the great success of previous Planet Lebanon conferences, we hope that you have enjoyed Planet Lebanon 2017 conference held in Beirut in August 2017. Under the Patronage of His Excellency Mr. Saad Hariri, LIBC is proud to organize and to encourage you to attend  the “Immigrants’ Reunion 2018 “ which…

UN Welcomes Appointment of Members of the Lebanese National Human Rights Institution

Acting United Nations Special Coordinator for Lebanon Pernille Dahler Kardel and the Regional Representative of the Office High Commissioner for Human Rights (OHCHR) in the Middle East and North Africa, Abdel Salam Sidahmed, welcomed the Cabinet’s appointment yesterday of the ten members of Lebanon’s National Human Rights Institution (NHRI). “This…

Lebanon signs consulting contracts for CIP projects

The Higher Council for Privatization and Public-Private Partnership signed consulting and advising contracts with major international companies Thursday in a key step of the implementation of the Capital Investment Program presented at CEDRE. The CEDRE conference held in Paris in April garnered over $11 billion in soft loans and grants…

Development bank EBRD to invest $200M in Lebanon in 2019

The European Bank for Reconstruction and Development intends to invest at least $200 million in Lebanese equities, renewable energy and water resources in 2019, the development bank’s vice president Alain Pilloux said Monday. “We believe that as early as next year we should invest at least $200 million in the…