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Lebanon signs $200 million deal with World Bank for road network upgrade

The Ministry of Finance and the Council for Development and Reconstruction (CDR) signed a $200m deal with the World Bank to finance the Roads and Employment Project in Lebanon, which aims to upgrade the country’s road network and create employment opportunities. The funds consist of a soft loan of $154.6m…

FDI inflows to Lebanon increase by 9%

Foreign direct investment (FDI) inflows are estimated at $2.56 billion in 2016, up nine percent compared with the previous year, according to the ‘World Investment Report 2017’ released by the United Nations Conference on Trade and Development (UNCTAD). FDI outflows are also estimated to have grown compared with 2015, jumping…

UK-Lebanon Tech Hub Fund provided by the BDL

Nicolas Sehnaoui, Chairman of the UKLTH, announced a fund of $3.2 million as an investment for the UK-Lebanon Tech Hub (UKLTH). The fund is being provided by the Central Bank (BDL). The amount matches the £2.5 million ($3.2 million) investment provided by the British Embassy in February this year. According…

Changed the Date! Planet Lebanon 2017 Lebanese Diaspora Connections

NEW DATE! Join us for a successful Planet Lebanon 2017 Lebanese Diaspora Connections: National Economic Development. With new visions, old hopes and genuine desire for a brand new Lebanon through providing a place for Lebanese Diaspora, to promote Lebanese knowledge, LIBC is proud to organize Planet Lebanon-7th Edition, Under the…

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…

Construction remains one of the most attractive and promising sectors in Lebanon

Despite facing political and economic pressures due to the spillovers of the ongoing Syrian crisis, the construction and real estate industries in Lebanon remain the most attractive and promising sectors of the country’s resilient economy. Recorded real estate sales transactions, including residential and commercial projects have increased in 2016 and…

$1 billion investment vehicle in Lebanon for infrastructure projects

FFA Private Bank (FFA) is preparing to launch a structured investment vehicle (SIV) to channel investments to power generation and other infrastructure projects. The initial objective is to reach $1 billion of investments in the short-to-medium term, over two to three years, said Jean Riachi, the bank’s chairman. Solar, wind,…

Five new industrial zones planned in Lebanon

The Ministry of Industry (MoI) has chosen five locations in different regions in which to build industrial zones. Dany Gedeon, Director General of MoI, said: “The ministry is cooperating with the Unions of Municipalities for the projects. It requested the documents, maps, and paper works to do the initial master…

China and private sector considered serious avenue for financing Tripoli infrastructure

Though the end of the conflict in Syria may be years away, Lebanon is already working to position itself as a key hub for future reconstruction efforts – primarily fueled by foreign aid. Given its economic clout and history of investing heavily in countries throughout the region, a key partner…

Lebanon positions itself as hub for Syrian reconstruction

There may be no end in sight of the Syrian war yet, but Lebanon is already positioning itself as a hub for Syrian reconstruction markets once the war is over. Strategically located between the Mediterranean Sea and some of Syria’s most devastated provinces such as Homs and Damascus, Lebanon could…