Lebanon

Italy supports Lebanese energy projects

Lebanese companies looking to finance renewable energy or energy efficiency projects can apply for a loan product through Banque du Liban’s NEEREA financing mechanism that is funded by a 5 million euros ($5.8 million) grant from the Italian Environment Land and Sea Ministry (IMELS), according to Francesca Zadro, trade commissioner…

Committees approve transparency law on oil

The joint parliamentary committees approved Thursday a proposed law aiming to ensure transparency in oil and gas contracts. Caretaker Energy and Water Minister Cesar Abi Khalil, who attended the meetings of the joint committees at the Parliament, told a news conference that the proposed bill will be legally “nonbinding.” But…

French, Lebanese officials talk Tripoli ecological projects

A French Senate delegation visited Tripoli this week ahead of a symposium in Paris next month focusing on citizen ecology. The event will use the northern port city as a model. The delegation, which included Sens. Nathalie Goulet, Joel Guerriau, and Corinne Feret, discussed cooperation on ecological projects in Tripoli…

Over 20 agreements to be signed between KSA and Lebanon after Govt. formation

The Saudi Charge d’Affaires in Lebanon, Walid Al-Bukhari, said on Saturday that more than 20 project agreements have been drafted with Lebanon, pending the new government’s formation for signature. Bukhari hoped for a “qualitative leap” in bilateral relations following the new cabinet formation, saying: “The Saudi Kingdom is keen on…

25 consortiums interested in hydro-power production in Lebanon

The Ministry of Energy and Water (MoEW) has received 25 Expressions of Interest (EoIs) from local and international companies to participate in public-private partnerships for the development of hydroelectricity projects. The EoIs, for the development, operation, and production of hydropower stations, cover more than ten rivers all over the country.…

$88 million needed for urgent airport revamp

An estimated $88 million is needed for a much-needed revamping of Beirut’s airport, Future Movement MP Nazih Najem said late Monday. In an interview with Future TV, Najem, who heads parliament’s Public Works, Transportation, Energy and Water Committee, cited a study from Dar al-Handasah (Shair & Partners) that said the…

Itani highlights IDAL funding successes

Head of the Investment Development Authority of Lebanon Nabil Itani said Friday that 65 projects valued at over $1.9 billion have been awarded investment incentives since 2001. He added that these projects have provided about 10,000 direct jobs and 20,000 indirect jobs. “With our support for investment, we are enhancing…

Lebanon’s bank deposits up by $4.7bn: report

The financial results of the Lebanese banking sector saw growth in customer deposits and assets in the first six months of 2018 compared to the same period of last year, according to Bank Audi’s Lebanon Weekly Monitor. “Lebanon’s banking sector witnessed healthy activity and earnings growth in this year’s first…

The 4th Immigrants’ Reunion 2018

The opening ceremony of The 4th Immigrant’s Reunion 2018 Dr. Nassib Fawaz speech. Eng. Ghayath El Rifai H.E. Minister Jamal Jarrah Speech H.E. M. Avedis Guidanian – Minister of Tourism Mr. Nassib Ghobril – BYBLOS Bank Mr. Saad Azhari – CEO of BLOM Bank Mr. Emre Gurkan – Chief Executive…

Defining the leaders of the future

It has been clear for some time now that mobile connectivity is outpacing fixed-line connectivity as the communications growth is being driven mainly in developing countries that are typically characterized by poor fixed infrastructure. Mobile communications offer a cheaper and more efficient solution to connectivity and have surged in usage…