MEG Branch Inaugurated

Lebanon’s industrial sector sees expansion. Industry Minister Vrej Sabounjian, inaugurated Sunday a new branch of Middle East Granite (MEG) in Naher El Mot.

Founded in 1994 as one of the biggest granite factories in the Middle East region, MEG provides the largest variety of granite products in the Lebanese market such as granite blocks, slabs, cut to size tiles, kitchen tops, counter tops, and much more. Its main branch is located in Damour.


"This expansion reflects the owners' confidence in their country and will to ensure more job opportunities," Sabounjian said.


A draft law that cuts income tax on industrial exports by half has been recently approved by the Lebanese Cabinet on and still needs the Parliament’s ratification. The tax reduction will help encourage investments in the industrial sector, and create new job opportunities, Sabounjian said.



Migration to cities is increasing so much that, by 2050, the UN predicts that approximately two thirds of the world’s population will be living in cities.


  • A fundraising event, entitled Think Green, will be held by Zero Waste ACT for all its business members on September, 10,2013, at WHITE, Dora.
  • The Green Mind Association invited all Green Mind Award Participants, finalists, runner ups and winners to the GREEN MIND DAY on  Jan-16-2013 in Beirut, to create a platform where interested Venture Capital and Potential Investors met with participants.
  • A green initiative launched by Ashrafieh 2020 project aims to transform Ashrafieh into a tranquil and unpolluted area.Green spaces allow residents to walk and ride bicycles.




  1. Moody’s Investors Service indicated that the high level of Central Bank reserves is...
  2. In 2010, the country’s Gross Domestic Product (GDP) grew by 8 percent. The economic forecast...
  3. The General Labor Confederation (GLC) warned that the increase of the value added tax (VAT) rate...
  4. Finally, the electricity bill law is approved by the Lebanese parliament. A draft law allocates $1....
  5. Will the government raise the minimum wage?A scenario, some experts expect will result in layoffs...


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