Lebanon Business News

Dedicated to economic and business news on Lebanon, managed by the team of Lebanon Opportunities.

SITA to provide faster connectivity to MEA’s global network.

Middle East Airlines-Air Liban (MEA) has signed a five-year master agreement with SITA, an air transport communication services provider, to introduce new and faster connectivity across its global network of offices and outstations.

MEA will ….
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Second electricity firm targets 150 MW in Tripoli. Power to be generated acc ording to Zahlé model


Entrepreneur Mohammad Adib will establish an electricity company called Tripoli Electricity Company in order to privately generate power.

Adib, who is the owner of the Tripoli-based Miramar resort, will establish the company in cooperation w….
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Fiberglass factory for Comtec in Anfeh. To manufacture boats, prefabricated houses, and waterproofing materials


Comtec Marine, a manufacturer of boats and yachts, will build an additional factory in Anfeh, Koura, in early 2017.

The 3,000 square meter (m2) factory will require a four-million-dollar investment and will triple the production capacity.
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BLC gets IFC and AFD support for SME lending.

The International Finance Corp. (IFC) and the Agence Française de Développement (AFD) will jointly guarantee, through a risk-sharing facility, five million dollars’ worth of loans granted by BLC Bank to support small and medium enterpr….
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Zouk and Jiyeh readies extra 270 MW. Three companies win €108 million in O& M contracts


The contract for the operation and maintenance of the two new power plants at Zouk and Jiyeh has been won by a joint venture of Indian firm Operational Energy Group (OEG), Turkish firm Arkay Limited, and local firm Middle East Power, according to a ….
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