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Search Results for: GO

At Baabda, private sector opposes new taxes

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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 ...

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Lebanon finance minister discusses infrastructure development with IFC

khalil in ifc

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 ...

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FDA to lower nicotine levels in cigarettes

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The U.S. Food and Drug Administration wants to lower nicotine levels in cigarettes so they aren’t so addictive. FDA Commissioner Scott Gottlieb announced the move Friday. The federal agency has had the power since 2009 to cut nicotine levels but hasn’t done so. The FDA plans to seek comments as ...

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Study: Oil, gas could be worth billions per year

lebanon fuel

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 ...

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