Features

Lebanese startups attract 37 investments totaling $56 million in 2016

Figures released by ArabNet, a hub for Arab digital professionals and entrepreneurs, show that investment funds based in the Middle East & North Africa (MENA) region made 37 investments in technology startups in Lebanon for a total amount of $56m in 2016. In comparison, Lebanon attracted 31 investments for an…

China ready to grant $2 billion in loans to Lebanon for Silk Road projects

The Silk Road Chamber for International Commerce (SRCIC) is ready to grant $2 billion in loans with low interest rates to the local market, according to Adnan Kassar, Chairman of the Economic Bodies and the founding father of Lebanese-Chinese relations. “Tapping these funds is strictly tied with the government’s ability…

Lebanon’s travel & tourism sector to generate 7.1% of direct economic activity in 2017

The World Travel & Tourism Council (WTTC) estimated that the travel & tourism (T&T) industry would directly contribute $3.4bn to the Lebanese economy in 2017, equivalent to about 7.1% of GDP, compared to about 10% of GDP in 2010. It also anticipated that direct industry employment will reach 123,800 persons…

Lebanese economy to grow at 4% rate

Bank Audi has estimated GDP growth will reach four percent in 2017. “This is more than double the average it reported in the past six years (1.8 percent),” Bank Audi stated in its fourth quarter ‘Lebanon Economic Report.’ The GDP increase would drive 15 percent growth in private investment and…

Lebanon relaunches first oil and gas licensing round

Lebanon relaunched its first oil and gas exploration and production licensing round after a three-year delay, its energy minister said, kick-starting the development of a hydrocarbon industry stalled by national political paralysis. Lebanon has opened five offshore blocks (1,4,8,9 and 10) for bidding in a first licensing round, Minister of…

ICT is the fastest growing sector of the Lebanese economy by 10%

The information and communication technology (ICT) market is expected to grow at a compound annual growth rate (CAGR) of 9.7 percent to $543 million by 2019, according to ‘Investment Opportunities in the ICT Sector-2016’, a report published by the Investment Development Authority of Lebanon (IDAL). The ICT market grew by…

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…

Lebanese Diaspora: the imagined communities History and numbers

The article below is a compilation of web and Library research done by Bassam AlKantar. It reflects a diverse points of views of Foreign, Lebanese immigrants, Lebanese researchers and thinkers regarding the Lebanese Diaspora and Communities in different regions around the world. Attached to the article is a list of…