News

Italy supports Lebanese energy projects

Lebanese companies looking to finance renewable energy or energy efficiency projects can apply for a loan product through Banque du Liban’s NEEREA financing mechanism that is funded by a 5 million euros ($5.8 million) grant from the Italian Environment Land and Sea Ministry (IMELS), according to Francesca Zadro, trade commissioner…

Committees approve transparency law on oil

The joint parliamentary committees approved Thursday a proposed law aiming to ensure transparency in oil and gas contracts. Caretaker Energy and Water Minister Cesar Abi Khalil, who attended the meetings of the joint committees at the Parliament, told a news conference that the proposed bill will be legally “nonbinding.” But…

French, Lebanese officials talk Tripoli ecological projects

A French Senate delegation visited Tripoli this week ahead of a symposium in Paris next month focusing on citizen ecology. The event will use the northern port city as a model. The delegation, which included Sens. Nathalie Goulet, Joel Guerriau, and Corinne Feret, discussed cooperation on ecological projects in Tripoli…

25 consortiums interested in hydro-power production in Lebanon

The Ministry of Energy and Water (MoEW) has received 25 Expressions of Interest (EoIs) from local and international companies to participate in public-private partnerships for the development of hydroelectricity projects. The EoIs, for the development, operation, and production of hydropower stations, cover more than ten rivers all over the country.…

$88 million needed for urgent airport revamp

An estimated $88 million is needed for a much-needed revamping of Beirut’s airport, Future Movement MP Nazih Najem said late Monday. In an interview with Future TV, Najem, who heads parliament’s Public Works, Transportation, Energy and Water Committee, cited a study from Dar al-Handasah (Shair & Partners) that said the…

Itani highlights IDAL funding successes

Head of the Investment Development Authority of Lebanon Nabil Itani said Friday that 65 projects valued at over $1.9 billion have been awarded investment incentives since 2001. He added that these projects have provided about 10,000 direct jobs and 20,000 indirect jobs. “With our support for investment, we are enhancing…

Lebanon’s bank deposits up by $4.7bn: report

The financial results of the Lebanese banking sector saw growth in customer deposits and assets in the first six months of 2018 compared to the same period of last year, according to Bank Audi’s Lebanon Weekly Monitor. “Lebanon’s banking sector witnessed healthy activity and earnings growth in this year’s first…

touch: the leading mobile operator in Lebanon

Established in 2004, touch (formerly known as mtc touch) is the leading mobile telecommunications and data operator in Lebanon with a market share standing at 53%. Touch is managed by Zain Group, the region’s first mobile and data services operator with a commercial footprint today in 8 Middle Eastern and…

IDAL FDI MONITOR 2018

IDAL FDI monitor generates a comprehensive quarterly report on Foreign Direct Investments FDI & local investments in Lebanon.         Read more: http://investinlebanon.gov.lb/Content/uploads/Publication/180726113748379~FDI%20MONITOR%20LEBANON%202018.pdf

The Story of Ecovillage of Bader Hassoun

Since 1480, Khan Al Saboun has been known for its achievements and success in providing its customers with their needs and accommodating their different tastes. The environmental village of Khan Al Saboun was established in order for traditional, environmental-friendly production to evolve. Exhibitors, professionals, and retail visitors are welcomed to…