Features

المجلس الاغترابي اللبناني للاعمال يختتم الدورة الرابعة لمؤتمر The Immigrant’s Reunion 2018

برعاية دولة رئيس مجلس الوزراء الاستاذ سعد الحريري، ممثلاً بوزير الاتصالات جمال الجراح ,وبرئاسة د. نسيب فواز عقد في فندق فينيسيا في بيروت 6 آب اللقاء الاغترابي الرابع The Immigrant’s Reunion 2018 الذي ينظمه المجلس الاغترابي اللبناني للاعمال وبمشاركة أكثر من 450 مغترب من 22 دولة من دول الإنتشار اللبناني،…

Defining the leaders of the future

It has been clear for some time now that mobile connectivity is outpacing fixed-line connectivity as the communications growth is being driven mainly in developing countries that are typically characterized by poor fixed infrastructure. Mobile communications offer a cheaper and more efficient solution to connectivity and have surged in usage…

Itani: FDI to GDP registered 5.1%, the highest level in the region

Despite the turmoil that is still impacting the Middle East region, Lebanon managed to maintain stable growth levels. The Investment Development Authority of Lebanon reserves no effort to promote Lebanon as a viable investment destination. Chairman Nabil Itani announces positive investment indicators, which would be encouraging to establish greenfield projects…

Salameh: Lebanese pound and Monetary conditions are stable

Central Bank Governor Riad Salameh said Thursday that monetary conditions in Lebanon were stable and that the country could expect two percent growth this year. In comments made after a meeting with President Michel Aoun, Salameh said that deposits in Lebanese banks are growing at a rate of five percent…

World Bank: $400 Million to Create Jobs in Lebanon

The World Bank Group has approved a new US$400 million project to support Lebanon’s quest to expand nationwide employment opportunities, which have been severely impacted by the influx of Syrian refugees and the recent low growth trend of the economy. The financial package is expected to create 52,000 permanent jobs…

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…

$11.8 billion promised at the Paris CEDRE conference

The CEDRE donor conference has resulted in $11.8 billion in pledges of financial assistance, out of which $11 billion are in soft loans. There were 51 countries represented at the conference in addition to international donor institutions. The various loans are expected to carry a 1.5 percent interest rate over…

$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…

Lebanon announces $16 billion infrastructure plan

The Lebanese government is to present an infrastructure modernisation plan worth 16 billion dollars at the upcoming international conference to discuss economic support to Lebanon, which is scheduled to take place in Paris in April. The infrastructure projects will lead to annual GDP growth of 6-7%, Premier Saad Hariri has…
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