This is Beirut, 10:45 - Reading : less than a minute
Banks Beirut Port lebanon World Bank
The Port of Beirut has registered a major leap in the World Bank’s Container Port Performance Index 2024, published on Friday. It ranked 54th worldwide, consolidating its role as a key regional hub for logistics and trade. The rise marks a sharp improvement from 81st place in 2023 and 323rd in 2022, reflecting the port’s modernization ...
This is Beirut, 13/09 15:30 - Reading : 1 minute(s)
Iraq signed on Saturday investment deals worth $1 billion in its energy, agriculture and finance sectors with the World Bank's private sector arm, as the country seeks to build on its economic recovery following years of unrest. At a ceremony marking two decades of the International Finance Corporation's presence in Iraq, Prime Minister Mohammed ...
This is Beirut, 03/09 12:30 - Reading : 2 minute(s)
Lebanese Army Banks EDL Kuwait World Bank lebanon Cabinet
The cabinet’s upcoming meeting on Friday will discuss several issues, in addition to reviewing the Lebanese army’s plan to secure the state’s monopoly on weapons. According to the General Secretariat of the Council of Ministers, an addendum was circulated on Wednesday for the September 5 session, adding “pressing issues” to the agenda ...
This is Beirut, 29/08 18:50 - Reading : 2 minute(s)
Nawaf Salam Hezbollah Israel World Bank
Prime Minister Nawaf Salam announced on Friday that the Lebanese government was moving forward with the plan to disarm Hezbollah. He stressed that Lebanon’s fragile state institutions and army will require significant international support to implement the plan successfully. Salam highlighted the urgent financial needs of the country, citing ...
This is Beirut, 26/08 16:40 - Reading : 1 minute(s)
Banks United Nations lebanon Yassin Jaber Fayez Rassamni World Bank Israel Joe Saddi
Lebanon signed a $250 million loan agreement with the World Bank on Tuesday to begin repairing infrastructure damaged by Israeli airstrikes since October 2023, marking the first step in a broader reconstruction effort. Finance Minister Yassine Jaber signed the deal with World Bank regional director Jean-Christophe Carret in Beirut, in a ceremony ...
This is Beirut, 25/08 19:45 - Reading : 2 minute(s)
Lebanon Reconstruction Nawaf Salam World Bank
The Ministerial Committee for Reconstruction and Economic Recovery, chaired by Prime Minister Nawaf Salam, met on Monday at the Grand Serail with Finance Minister Yassine Jaber, Energy and Water Minister Joe Saddi, Social Affairs Minister Haneen Sayed, Telecommunications Minister Charles Hage, Public Works and Transport Minister Fayez Rasamny and ...
This is Beirut, 02/07 17:55 - Reading : less than a minute
Banks World Bank lebanon Enrique Blanco Armas
The World Bank has named Enrique Blanco Armas as its new Country Manager for Lebanon, the institution announced on Wednesday. Based in Beirut, Blanco Armas will lead and unify the World Bank Group’s efforts across its various arms, IBRD, IDA, IFC and MIGA, aimed at supporting Lebanon’s recovery and development. Previously a manager at the ...
This is Beirut, 24/06 21:20 - Reading : 2 minute(s)
Banks Nizar Hani lebanon GATE World Bank
In a move described as a “decisive step toward economic recovery and food security,” joint parliamentary committees on Tuesday approved a bill allowing Lebanon to sign a $200 million loan agreement with the World Bank (WB) to fund the Green Agri-Food Transformation for Economic Recovery (GATE) program. Backed by the Ministry of ...
This is Beirut, 23/06 15:40 - Reading : 1 minute(s)
Lebanon Parliament World Bank military grants agriculture
A joint parliamentary committee approved a draft law on Monday to open an additional credit line in the 2025 state budget, allocating monthly financial grants to military personnel. Under the proposed law, active-duty soldiers will receive LBP 14 million per month, while retired military personnel will receive LBP 12 million. Payments are ...
This is Beirut, 20/06 17:05 - Reading : 1 minute(s)
Lebanon Finance Ministry World Bank Lebanon Financing Facility
Lebanon has just secured $6 million in aid to strengthen its tax and land systems. This grant, obtained through the Lebanon Financing Facility (LFF), aims to support the Ministry of Finance's reform and digital transformation efforts. Established in January 2020 following the Beirut port explosion, the LFF brings together representatives from ...
This is Beirut, 19/06 19:10 - Reading : 2 minute(s)
Banks Middle East World bank Lebanon
The World Bank forecasts real GDP growth of 4.7% for Lebanon in 2025, driven by a recovery in tourism, moderate growth in consumption and the beginnings of renewed confidence, despite persistently weak private investment. This hoped-for rebound is based on the implementation of a one-year multisectoral action plan designed to accelerate ...
This is Beirut, 28/05 20:55 - Reading : 2 minute(s)
Banks Los Angeles Yassin Jaber Jean-Christophe Carret World Bank
In a bid to accelerate Lebanon’s post-war recovery, Finance Minister Yassine Jaber met with Jean-Christophe Carret, the World Bank’s Regional Director, on Wednesday to discuss the imminent launch of the Lebanon Emergency Assistance Project (LEAP), a reconstruction initiative designed to channel international aid into rebuilding efforts through ...