CNN By Rebecca Wright and Ben Westcott 7 September, 2017 (CNN)Bangladesh summoned the Myanmar ambassador on Wednesday to urge an end to the violence that has engulfed the region and to raise concerns about reports of landmines being laid along the border between the two countries. At least 146,000 ethnic ... Read More »
Head of IDAL Nabil Itani said Tuesday that Lebanon was the only country in the region which recorded a positive growth in foreign direct investments in 2016 despite the political vacuum at that time. He projected that FDI is to grow by 15 percent in 2017.“We were the only country ... Read More »
Foreign Minister Gebran Bassil relaunched a sewage treatment project in Batroun Sunday, the state-run National News Agency reported. “All of us, heads of municipalities and civil society, are keen to preserve our region and keep a watchful eye on this project to make it a new positive sign for all ... Read More »
Lebanon’s private sector made a last-ditch effort Monday to repeal the tax measures designed to finance the salary scale for civil servants, public school teachers and military personnel. Bankers and business leaders, who took part in a broad economic meeting at Baabda’s presidential palace at the invitation of President Michel ... Read More »
finance Miister Ali Hasan Khalil met with a delegation from the International Finance Corporation to discuss public-private partnerships in infrastructure development in Lebanon, according to a Finance Ministry statement issued yesterday. Renewable energy initiatives are top priorities for infrastructure development projects, the statement said. During the meeting, Khalil reportedly highlighted ... Read More »
The estimated average annual revenues from potential oil and gas reserves would be approximately $5.7 billion for 20 years, a study by Fransabank has said. “The government’s revenues are expected to be boosted from the exploitation of oil and gas: 15 percent corporate income tax, 60 percent profit share on ... Read More »
The Greek government says the country has turned a corner, but that is not the experience of people on the ground The Guardian Helena smith 30 July 2017 “The worst is clearly behind us.” Panaghiota Mourtidou pondered the words with a gravity unusual for the jovial volunteer. Even now, several ... Read More »
Economy Minister Raed Khoury called Tuesday for the drafting of a clear and comprehensive economic plan to be pursued by future successive governments. “We call upon the government, the Parliament and the private sector to draft a clear economic strategy which should be implemented by all future successive governments,” he ... Read More »
Central Bank Gov. Riad Salameh Tuesday reassured the public that Lebanon’s national currency is still stable thanks to the monetary policy the bank has pursued. “The Lebanese pound is stable and will remain so. In June 2017, Banque du Liban has consolidated its foreign-currency reserves. This confirms that the Central ... Read More »
Tenants under the old rent law have begun to leave the properties they have lived in for decades, following legislation passed in March that favored the rights of property owners. The law, which impacts approximately 200,000 apartments, mostly in Beirut and its suburbs, allows for an incremental increase in rents, ... Read More »
Lebanese Ministry of Information