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Lebanon Business News

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

Month

December 2017

$22 billion in projects were covered in 2017. Construction and real estate activities represent 80 percent of total. News from Lebanon

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The value of the projects covered in BusinessNews by Lebanon Opportunities for the year 2017 amount to more than $22 billion in investments, announced projects, and business transactions. There was more not covered. Construction, represented by real….
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Over 8 million airport passengers. Increase in number of tourists and destinations. News from Lebanon

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The total number of airport passengers, including arrivals, departures, and those transiting will reach 8.2 million by the end of the year.

Airport activity has increased eight percent this year.

Tony Ghostine, Head of Economic Divisi….
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Tripoli shuts down malfunctioning sorting plant. Will develop temporary landfill. News from Lebanon

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The Municipality of Tripoli closed a waste sorting facility that serves Fayhaa Union of Municipalities, after complaints by citizens about the stench emanating from it.

The Chairman of the Tripoli Municipal Board, Ahmad Kamareddine, said: “We….
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Emirates NBD sells 40 percent of its BoB shares. Deal valued at $39 million. News from Lebanon

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Bank of Beirut (BoB) acquired more than 40 percent of Emirates NBD’s stake in the bank, valued at $39 million. It represents 2.7 percent of the bank’s equity out of a total 6.5 percent shareholding. An EMIRATES NBD is a UAE-based bank.

A sour….
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Up to $240 million investment in oil and gas in first five year. Drilling to begin in block 4. News from Lebanon

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The oil and gas consortium, formed of Total, ENI, and Novatek, will invest an estimated amount of $40 million for the construction of each exploratory well. The consortium will construct a total of four wells over the five-year exploration phase.
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