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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

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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

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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

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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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