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Lebanon to host 2019 Arab Economic and Social Development summit

Lebanon will host the 2019 Arab Economic and Social Development Summit, the state-run National News Agency reported Sunday. The AESD was formed as an exclusively economic and developmental conference that tends to involve the private sector, including banks, chambers of commerce, industry, and agriculture. News agencies had previously reported that…

Lebanon Ready To Rebuild Syria

The dream of reconstructing Syria is beginning to materialize in Tripoli, in the north of Lebanon. The city is only 28 kilometers from the Syrian-Lebanese border, and local authorities want Tripoli to become the number-one hub between Syria and the rest of the world. To achieve that goal, local authorities…

Lebanese PM says economic deals to be signed with Saudi Arabia

Lebanese Prime Minister Saad Hariri said on Wednesday he had held an “excellent” meeting with Saudi Crown Prince Mohammed bin Salman and expected Lebanon to sign economic deals with Saudi Arabia soon. “We will see very soon certain agreements that will be signed with Saudi Arabia vis-a-vis different sectors of…

Please mark your calendar for the 1st and the 2nd of August 2018

Dear colleagues, We are pleased to welcome you to the General Assembly of LIBC which will be held on 1st of August 2018 in Beirut. Proposal of agenda of General Assembly: Agenda of the General Assembly Meeting: 1- Reception 2- Establishing Quorum 3- Introduction 4- President Report 5- Financial Report…

$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…

Salameh rejects devaluation of pound

Central Bank Governor Riad Salameh Wednesday brushed off calls for a managed devaluation of the Lebanese currency, warning that such a step would be detrimental to the national economy. “We are not considering any devaluation because we believe that it will be detrimental to confidence, detrimental to the economy and…

Emirates makes history with one-off A380 touchdown in Beirut

The Emirates A380 touched down in Beirut today for a historic one-off service to Rafic Al Hariri International Airport (BEY), contributing to an aviation milestone for Lebanon and its hub airport. The landing demonstrated the airport’s readiness to accommodate the A380, the world’s largest commercial passenger jet. The special A380…

Lebanon anticipates economic revival

Lebanon’s economy is expected to improve even before offshore gas and oil exploration at the beginning of 2019, Energy and Water Minister Cesar Abi Khalil said Wednesday. A consortium of France’s Total, Italy’s Eni and Russia’s Novatek has signed agreements for offshore oil and gas exploration and production in block…

Capturing Opportunities and Opening New Revenue Streams through Industry Digitalization

In the digital era, the telecommunications market is arguably more competitive than it has ever been. With the global technological transformation well underway, governments, industries, and individuals alike have become increasingly dependent on the digital tools, services, and solutions provided and managed by telecoms operators. As such, it is up…

$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…