Lebanese

Lebanese-Armenian fund to boost bilateral projects

Prime Minister Saad Hariri and his Armenian counterpart, Karen Karapetyan, vowed Monday to strengthen bilateral ties and encourage investment in both countries’ private sectors. Hariri and Karapetyan held a joint news conference after meeting at the Grand Serail. “We agreed on strengthening ties and cooperation in the banking sector to…

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…

Lebanon eager to award first offshore contracts

Lebanon, a country that unlike many of its neighbors has faced high energy prices for a generation, wants to become a natural gas exporter by the end of this decade. To realize its ambition, the government will need to take on the new role of managing foreign oil and gas…

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…

Aoun, Hariri sign decree for Lebanese diaspora citizenship registration

President Michel Aoun and Prime Minister Saad Hariri Thursday signed a decree that allows Lebanese diaspora to reclaim their citizenship from their country of residence. They signed the decree following a keynote speech from Aoun at the Lebanese Diaspora Energy Conference at the Beirut International Exhibition and Leisure Center (BIEL)…

Deposits in Lebanese banks show record growth since 2010

Bank deposits increased $6.6 billion in the first nine months of 2016. This is the highest growth in absolute value for corresponding periods since 2010. The value of additional deposits is 40 percent higher than during the same period last year, according to the Central Bank (BDL). In percentage terms,…

Lebanese agro-food sector growth at 11%

The agro-food sector has been increasing at a compound annual growth rate (CAGR) of 11 percent, according to ‘Investment Opportunities in the Agro-food Sector 2016’ report issued by the Investment Development Authority in Lebanon (IDAL). The sector has an estimated workforce of 21,000 constituting the highest share of the industrial…

Lebanon FM urges unity in nationality drive

Foreign Minister Gebran Bassil called Wednesday for unity to implement the nationality law for the Lebanese diaspora, saying that anyone of paternal Lebanese origin should be allowed to attain citizenship regardless of their sect. “Every person of Lebanese origin should be able to attain citizenship whatever his sect is, and…

Lebanese Diaspora: the imagined communities History and numbers

The article below is a compilation of web and Library research done by Bassam AlKantar. It reflects a diverse points of views of Foreign, Lebanese immigrants, Lebanese researchers and thinkers regarding the Lebanese Diaspora and Communities in different regions around the world. Attached to the article is a list of…