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CDR supervising $3.4 billion worth of public work in Lebanon
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…
Lebanon property sales rise in number and value
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…
Construction permits increase 13% in Lebanon
The number of construction permits rose 13 percent in 2016 to 17,295, covering 12.3 million square meters (m2) – unchanged from 2015. The average area per permit is 707 m2, down 13 percent.Beirut saw the sharpest decline in area and…
Construction of $1 billion US Embassy in Lebanon
Alabama-based B.L. Harbert has won a tender for the construction of the new U.S. Embassy in Awkar. Permission has been granted by the Government for the work to commence.The embassy will be built over an area of 174,000 square meters at a…
Mena region’s superyacht fleet to see continued growth
The propensity of ultra-high net worth individuals (UHNWIs) in the Mena region to buy superyachts built within the last 15 years is 20 per cent, the second highest in the world after Eastern Europe (46 per cent), with propensity to buy…
Combination of drugs for diabetes and hypertension can effectively combat cancer cells
A combination of a diabetes medication and an antihypertensive drug can effectively combat cancer cells. The team of researchers led by Prof.Michael Hall at the Biozentrum of the University of Basel has also reported that specific cancer…
$50 million private equity targets family businesses
Banker Fouad Rahme, and a group of private investors and bank institutions, have established a private equity fund to invest in local small and medium companies. The size of the fund will be $50 million.Rahme said that the first closing…
Employee Loyalty in the MENA Region Poll: 79.4% are loyal to their current company
When it comes to success indicators that companies look for, employee loyalty is among the most prominent.
According to a new poll by Bayt.com, the Middle East’s #1 job site, titled ‘Employee Loyalty in the Middle East and North Africa’:…
7.5 million passengers at RAFIC HARIRI International Airport, Flights fully booked in December
The total number of passengers, including arrivals, departures, and those transiting, had reached 7.2 million as of November, according to RAFIC HARIRI International Airport figures.These figures are expected to exceed 7.5 million by the…
Lebanese Cabinet declared with elections as first goal
After 47 days of trying, a Government of 29 ministers plus its Premier have been appointed. With the exception of the Kataeb party, all political groups have been represented.The portfolios that significantly impact the economy had the…