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Lebanon Ready To Rebuild Syria

The dream of reconstructing Syria is beginning to materialize in Tripoli, in the north of Lebanon. The city is only 28 kilometers from the Syrian-Lebanese border, and local authorities want Tripoli to become the number-one hub between Syria…

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…

$295 million for Lebanon’s rapid transport

The World Bank has approved a $295 million package to overhaul the transport sector. The Greater Beirut Public Transport Project (GBPTP) is expected to ease congestions on roads and unlock private finance in the infrastructure sector.The…