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Lebanon

Italy supports Lebanese energy projects

Lebanese companies looking to finance renewable energy or energy efficiency projects can apply for a loan product through Banque du Liban’s NEEREA financing mechanism that is funded by a 5 million euros ($5.8 million) grant from the Italian…

Committees approve transparency law on oil

The joint parliamentary committees approved Thursday a proposed law aiming to ensure transparency in oil and gas contracts. Caretaker Energy and Water Minister Cesar Abi Khalil, who attended the meetings of the joint committees at the…

$88 million needed for urgent airport revamp

An estimated $88 million is needed for a much-needed revamping of Beirut’s airport, Future Movement MP Nazih Najem said late Monday.In an interview with Future TV, Najem, who heads parliament’s Public Works, Transportation, Energy and…

Itani highlights IDAL funding successes

Head of the Investment Development Authority of Lebanon Nabil Itani said Friday that 65 projects valued at over $1.9 billion have been awarded investment incentives since 2001.He added that these projects have provided about 10,000 direct…

Lebanon’s bank deposits up by $4.7bn: report

The financial results of the Lebanese banking sector saw growth in customer deposits and assets in the first six months of 2018 compared to the same period of last year, according to Bank Audi’s Lebanon Weekly Monitor.“Lebanon’s banking…