Features

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…

Byblos Bank – Expat Housing Loan – There’s no Home like a Home in Lebanon!

Byblos Bank is eager to build bridges with Lebanese expatriates around the world, and to make it happen they provide customized solutions that answer your needs. Eligibility Lebanese citizen with official residence in a foreign country Maximum age not to exceed 64 by the end of the loan period Employed…

Lebanon eager to award first offshore contracts

Lebanon, a country that unlike many of its neighbors has faced high energy prices for a generation, wants to become a natural gas exporter by the end of this decade. To realize its ambition, the government will need to take on the new role of managing foreign oil and gas…

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…

Check out lebanity.gov.lb and reclaim your Lebanese nationality!

The new Lebanese Nationality Program website was launched by the Lebanese government to help Lebanese people abroad (who don’t have their citizenship) reclaim their Lebanese nationality. This is an initiative launched by the Lebanese Ministry of Foreign Affairs & Emigrants to initiate and facilitate the process for people of Lebanese heritage. This service is completely…
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