News

R&M inks key Lebanon high-speed cabling contract

R&M (Reichle & De-Massari AG), a leading global producer of future-proof products and systems for communication and data networks, said it has been awarded a high-speed cabling contract by Lebanon’s largest mall ABC Verdun. ABC is the most prominent mall and department store in Lebanon that offers a unique shopping,…

Hotel and natural park on 130,000 m2 in Ain Saadeh

Forest Resort, a mixed-use touristic project in Ain Saade, has been launched by William Zard Group, a real estate company. Excavation for the project will begin in August. The project is scheduled to be completed within two years. The project will be built on a 130,000 square meters (m2) land…

Egypt, Lebanon discuss economic ties

Egypt’s Ambassador to Lebanon Nazih Al-Najari discussed on Friday with Lebanese Minister of Economy and Trade Raed Khoury and Industry Minister Hussein Hajj Hassan economic relations between Egypt and Lebanon at the Egyptian Embassy premises in Beirut. During the meeting, the trade dimension of the two countries’ ties was touched…

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…

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…

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…

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…

Lebanon’s GDP growth should hit 8 pct: study

Lebanon’s GDP growth should climb to 7 or 8 percent a year by activating tourism, real estate, construction and the banking sector, a study conducted by Fransabank said on Monday. “The Lebanese authorities should focus on enlarging the base of the national economy, mainly through activating the activity of leading…
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