Medical Center planned for Hadath. 161-beds to meet large demand in the area. News from Lebanon

Excavation works for building the Lebanese Medical Center have been launched in Kafaat, Hadath.

The National Association for Higher Education in Lebanon (NAHEL) has gained a license from the Ministry of Public Health to build the hospital. C….
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Freddie Baz leaves Bank Audi. Marc Audi appointed as Vice-Chairman. News from Lebanon

Bank Audi has announced that Freddie Baz has stepped down as the bank’s Vice-Chairman and board member.

The bank’s board of directors has acknowledged the resignation of Baz and appointed Marc Audi as a new Vice-Chairman for the remainder of ….
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Passing the 2019 budget: a good first step, World Bank. Tax of three percent to be imposed on imports subject to VAT. News from Lebanon

Lebanon’s passing of the 2019 budget that aims to achieve a significant reduction in the country’s fiscal position is a good first step, said Saroj Kumar Jha, Regional Director at the World Bank.

“For a successful outcome, we urge proper impl….
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Drydock and shipyard being built in Akkar. $75 million project also includes a fishing farm. News from Lebanon

Excavation works have been launched by Alarida Drydock and Maintenance for Ships to build a dry dock and a factory for manufacturing and maintaining yachts and ships in Alarida village, Akkar, near the Syrian border.

The company is owned by t….
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Tax declarations to be used as basis for obtaining loans. Central Bank’s de cision aims to fight fiscal evasion. News from Lebanon

Banks and financial institutions are allowed to lend or renew credit facilities to businesses only against duly audited financial statements that are identical to those submitted to the tax authorities, according to a new circular by the Central Ban….
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