News

IDAL launched a new Business Support Unit

Today Idal launched a new Business Support Unit, which will be the first of its kind within the framework of a government entity in Lebanon. Its mission is to provide legal advice and free financial services to startups. Are you a startup or innovator in the ICT, Technology, Telecommunications, Agro-Tech, Digital Media,…

Lebanon, Brazil to create agricultural bilateral committee

The Arab Chamber hosted a meeting between Lebanon’s Ministry of Agriculture and representatives of 12 Brazilian import and export companies to promote the Arab country’s products. The Arab Brazilian Chamber of Commerce welcomed a delegation of Lebanon’s Ministry of Agriculture on Monday (29) morning for a meeting with Brazilian business…

Announcement to Lebanese expatriates who registered to vote abroad

The Ministry of Foreign Affairs and Emigrants would like to draw the attention of the Lebanese expatriates who registered to vote abroad in the upcoming Lebanese parliamentary elections, and whose applications met the legal requirements, but their names were not listed in the electoral lists published on the official website…

24-hour electricity in Beirut next year

The Municipality of Beirut is preparing to provide the capital with 24-hour electricity next year, said Jamal Itani, Chairman of the Municipal Council. Beirut needs between 150 and 200 megawatts to cover the daily blackout of four and a half hours on average. “We have contacted Electricité du Liban (EDL)…

PM Saad Hariri: Lebanon must focus on IT

Prime Minister Saad Hariri pointed Monday to the need for information and technology investment, noting separately that Lebanon has $16 billion-worth of projects across various sectors for which it hopes to secure funding at upcoming donor conferences. “As a government, we are working on information and technology, which is forgotten…

This is how the new U.S. Embassy in Lebanon will look like

Last year on April 20, the U.S. Ambassador to Lebanon Elizabeth Richard broke ground on the new U.S. Embassy compound in Lebanon. According to a press release by the U.S. Department of State, the state-of-the-art complex in Awkar will have an area of 43.87 acres (177535.59 square meters) and is…

Lebanon hires McKinsey to help revamp the economy

Lebanon is hiring management consulting firm McKinsey & Co. to help restructure an economy that’s overly reliant on remittances and banking, and grappling with high unemployment, Economy and Trade Minister Raed Khoury said. The six-month agreement with McKinsey will be signed by the end of this week and the company…

Italy boosts Lebanon’s industrial zone plans

Italy has donated nearly $600,000 to the United Nations Industrial Development Organization to fund the development of industrial zones in Lebanon, a statement from UNIDO said Tuesday. “The industry minister asked for UNIDO’s support in their efforts towards the development of sustainable industrial zones and, in doing so, provide a…

Lebanon In need of new energy

Lebanon’s electricity sector was not saved in 2017, despite an emergency plan from the Ministry of Energy and Water (MoEW) endorsed by the cabinet earlier in the year. While the electricity needs for much of the country did not improve much this year, the outlook for 2018 and beyond looks…

Lebanon: 300 MW in wind power to be tendered next year

The Ministry of Energy and Water (MoEW) is preparing to launch a bid for the generation of 300 megawatts (MW) of wind power next year, according to Pierre Khoury, Project Manager at the Lebanese Center for Energy Conservation (LCEC), affiliated to the MoEW. A private sector company will be selected…