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The Ministry of Tourism will offer in March package deals for visitors traveling from Egypt, Kuwait, Jordan, Saudi Arabia, Qatar, UAE, Iraq, and Armenia. The packages will be valid for three months. “This is to encourage tourism during low…

The pharmaceutical market increased four percent last year reaching $1.1 billion compared to 2015, according to the Lebanese Pharmaceuticals Importers Association (LPIA). The unit of measurement of pharmaceutical market is the Net Selling…

Beirut Port Authority has commissioned Dar Group to rehabilitate and extend the Beirut Port. The Dar Group has already worked on rehabilitating the existing cargo area, prepared tender documents, conducted tender analysis, and supervised…

Daher Foods, manufacturer of Master potato chips, is planning to open a 15,000-square-meter pasta factory in Ferzol. Construction will be launched in mid-summer and is expected to be completed within one year. Investment in the project is…

Bank Audi has estimated GDP growth will reach four percent in 2017. “This is more than double the average it reported in the past six years (1.8 percent),” Bank Audi stated in its fourth quarter ‘Lebanon Economic Report.’ The GDP increase…

Dear LIBC members and Friends Please mark your calendars and save the date to attend the PLANET LEBANON THE 7TH CONFERENCE on 3-4 August, 2017. LIBC invites Lebanese across the world to find their way back home again, bearing success…

Foreign Minister Gebran Bassil called for the representation of the Lebanese diaspora with six parliamentary seats. "We should give the diaspora the required seating , which is better than the seats that were given to under non-Lebanese…

Foreign Minister Gebran Bassil warned Lebanese expats in South Africa Friday that the failure to reclaim their Lebanese citizenship would lead to the loss of Lebanon to terrorists and refugees. “We need your help to restore Lebanese expats…

The Council for Development and Reconstruction (CDR) is actually supervising $3.4 billion worth of public works that will start or continue in 2017, according to the CDR Progress Report 2016. The sector that received most funding with…

Recorded real estate sales transactions increased in 2016. According to the Real Estate Registry at the Ministry of Finance, the number of transactions increased one percent to around 64,600 compared to the previous year. The total value of…