Economy

Lebanese Central Bank announced that dollar reserves climbed by $1.4 billion in the first two months of the year and its total assets in dollars exceeded $43 billion. This marks a recovery from a decline […]

Lebanon’s energy minister Cesar Abi Khalil said Friday there would be full exploration in an offshore energy block that partially lies in waters disputed by neighboring Israel. “We have confirmed and reaffirmed that Block 9 […]

The Lebanese cabinet agreed Thursday to grant concessions to three oil companies, Total, Novatec and Eni, for the exploration and production of oil in blocks 4 and 9. This decision comes after years of waiting […]

Lebanon’s parliament approved a law to tax revenue from oil operations, weeks before its first sale of offshore energy exploration rights to interested companies like Total SA and ExxonMobil Corp. Lawmakers approved the petroleum tax law […]

The Council of Ministers convened at Baabda Palace on Thursday, led by the President of the Republic, Michel Aoun, and in presence of Prime Minister Saad Hariri and all cabinet members. The council had a […]

The President of the Republic, Michel Aoun, began a tour Saturday in the Batroun district to visit development projects. His first stop was at the intersection between the villages of Douma and Tannourine, where he […]

Political debate destroys everything. Political debate destroys electoral projects and development plans. We are talking about the law of relativity or the 60’s law and so on. The result is one, an extension of a […]

The new director general of Lebanon’s national telecom operator, Mr. Imad Kreidieh announced two days ago, the new reduced DSL’s prices, however with no change in speed. The users, who are in favor of a […]

Prime Minister Saad Hariri congratulated all Lebanese laborers Monday on Labor Day.He assured them that the government has already begun taking a series of measures to reduce competition for the Lebanese labor market. This is […]

RTI Surgical Inc. (“RTI” or “the company”) (Nasdaq: RTIX), a leading global surgical implant company, today announced that Camille Farhat has been named chief executive officer, effective March 15, 2017. He will succeed interim chief […]

The US administration took decisions regarding sanctions which it will impose on Lebanon. The sanctions will be harsh, and include several points, the most important are: 1- Limiting all Hezbollah officials and the party’s movements […]

President Michel Aoun warned Monday that a new anti-Hizbullah sanctions bill that the U.S. Congress is mulling would “greatly harm Lebanon and its people.” “The draft law that is being prepared in Congress to slap […]

Electricite du Liban (EDL) contract workers staged on Monday a sit-in outside the Ministry of Energy to protest state’s failure to give them full-time tenure. ​ A number of workers headed to the Ministry of […]

NNA – President of the Republic, General Michel Aoun, signed on Wednesday afternoon the decree #523 dated April 12, 2017, which stipulates the referral of the 2017 state budget draft and attached budgets, to the […]

NNA – The Italian Embassy’s stand at the 24th edition of HORECA hosted a group of Lebanese companies importing leading Italian products. In 2016 Italy exported to Lebanon 60 million US dollars of food and […]

Lebanese truck drivers are stuck since several weeks ago near the Saudi port of Dabba. The drivers were promised to be provided with ships to transport the trucks to Tripoli and Beirut ports. However, nothing […]