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News
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).…
WE CARE, THEREFORE WE ACT: LEBANON’S CORPORATE GREEN CONTRIBUTION
Today companies around the world are leading the way in green initiatives, adopting a wide range of admirable, in-house sustainability practices such as ambitious recycling programs and the installation of low-energy systems, in addition to…
Pterosaur flies safely home in Lebanon after 95 million years
With the help of University of Alberta scientists, a newly described pterosaur has finally flown home. This spectacular fossil material was discovered in a private Lebanese limestone quarry more than a decade ago and has led to what…
Could Thomas Jefferson’s DNA Trail Reveal Lebanese Origins?
DNA testing carried out by University of Leicester geneticists and funded by The Wellcome Trust has thrown new light on the ancestry of one of the USA's most revered figures, the third President, Thomas Jefferson.Almost 10 years ago, the…
Lebanon awards €108 million O&M contracts for 270 MW electricity
The contract for the operation and maintenance of the two new power plants at Zouk and Jiyeh has been won by a joint venture of Indian firm Operational Energy Group (OEG), Turkish firm Arkay Limited, and local firm Middle East Power,…
The first North America Lebanese Diaspora Energy (LDE) Conference
The first North America Lebanese Diaspora Energy (LDE) Conference was held last week in NYC September 16-17, 2016 under the patronage of Lebanese Minister of Foreign Affairs and Emigrants, His Excellency Gebran Bassil.The goal of the…
Mandatory environmental requirements for industrialists in Lebanon
All industrial companies are required by the Ministry of Environment (MoE) to meet environmental conditions by the end of 2018.Pollution from industrial facilities represents half of the total pollution, according to Mohamad Machnouk,…
Greenfield FDI in Lebanon at $11 billion between January 2003 and April 2016
Figures released by FDI Markets show that the cumulative value of Arab greenfield foreign direct investment (FDI) in Lebanon totaled $11.43bn between January 2003 and April 2016. Lebanon was the 11th largest recipient of inter-Arab…
No light at end of tunnel for Lebanon’s power crisis
Four decades ago, Lebanon used to export power to its larger neighbor Syria. Now it barely generates enough electricity to keep street lamps on at night.The situation is so bad that even people fleeing the conflict in Syria have been…
New corrugated packaging factory opened in Lebanon
Megapack, a manufacturer of corrugated packaging, opened earlier this month in the industrial zone of Mazraat Yachouh.Investment in the project is valued at three million dollars and includes a subsidized loan by the Central Bank.The…