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Lebanon

Lebanon’s GDP growth should hit 8 pct: study

Lebanon’s GDP growth should climb to 7 or 8 percent a year by activating tourism, real estate, construction and the banking sector, a study conducted by Fransabank said on Monday.“The Lebanese authorities should focus on enlarging the…

LPA to prep for second gas licensing round

Energy and Water Minister Cesar Abi Khalil said Tuesday that he had instructed the Lebanese Petroleum Administration to prepare for the second offshore gas licensing round.“This is not the launch of the licensing round, but the beginning…

Salameh rejects devaluation of pound

Central Bank Governor Riad Salameh Wednesday brushed off calls for a managed devaluation of the Lebanese currency, warning that such a step would be detrimental to the national economy.“We are not considering any devaluation because we…

Lebanon anticipates economic revival

Lebanon’s economy is expected to improve even before offshore gas and oil exploration at the beginning of 2019, Energy and Water Minister Cesar Abi Khalil said Wednesday.A consortium of France’s Total, Italy’s Eni and Russia’s Novatek has…