News

The Ministry of Finance and the Council for Development and Reconstruction (CDR) signed a $200m deal with the World Bank to finance the Roads and Employment Project in Lebanon, which aims to upgrade the country's road network and create…

Foreign direct investment (FDI) inflows are estimated at $2.56 billion in 2016, up nine percent compared with the previous year, according to the ‘World Investment Report 2017’ released by the United Nations Conference on Trade and…

Nicolas Sehnaoui, Chairman of the UKLTH, announced a fund of $3.2 million as an investment for the UK-Lebanon Tech Hub (UKLTH). The fund is being provided by the Central Bank (BDL). The amount matches the £2.5 million ($3.2 million)…

Despite facing political and economic pressures due to the spillovers of the ongoing Syrian crisis, the construction and real estate industries in Lebanon remain the most attractive and promising sectors of the country’s resilient economy.…

FFA Private Bank (FFA) is preparing to launch a structured investment vehicle (SIV) to channel investments to power generation and other infrastructure projects. The initial objective is to reach $1 billion of investments in the…

The Ministry of Industry (MoI) has chosen five locations in different regions in which to build industrial zones.Dany Gedeon, Director General of MoI, said: “The ministry is cooperating with the Unions of Municipalities for the projects.…

Though the end of the conflict in Syria may be years away, Lebanon is already working to position itself as a key hub for future reconstruction efforts – primarily fueled by foreign aid.Given its economic clout and history of investing…

There may be no end in sight of the Syrian war yet, but Lebanon is already positioning itself as a hub for Syrian reconstruction markets once the war is over. Strategically located between the Mediterranean Sea and some of Syria's most…

Phoenicia Aer Rianta (PAC), chaired by Mohammad Zeidan, won the auction to run Beirut Rafic Hariri International Airport Duty Free Zone.The contract is over four years, at a value of $74 million.Jean Ellieh, General Director of the…

A recent study by RAMCO sarl on the office market in Beirut has revealed that 32 office projects are currently under construction in Municipal Beirut. This total represents 191,528 SQM of office space.The study did not take into…