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EECOY NEWS

STATISTICS

  • Number of inernet users in Lebanon at 3.2 million in 2017 compared to 2 million users in 2012. Madar Research and Development
  • Car sales increased by 2 percent in the first ten months of 2013.
  •  Total number of real estate transactions reached 31,943 in the first half of  2013, down 7.1% from 34,388 in the same last year period, according to the Ministry...
  • A total of 7,484 new passenger cars were sold in the first quarter of 2013,registering
  • Fiscal deficit up by 67.6%   Reached $3.9 billion in 2012, registering an increase by 67.6% from $2.3 billion from previous year, according to figures released...
  • Car sales up 6%
  • Total assets of commercial banks in Lebanon reached $149.4 billlion at the end of October 2012, up 7% from end-October 2011.
  • 20,187 new passenger cars were sold in the first seven months of 2012, registering a rise of 8.8% from the 18,556 cars sold in the same last year period, according to the...

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EECOY NEWS

  President of the "Environmental Rescue" Party, Engineer Bishara Abi Younes announced his candidacy for the presidency of the Republic of Lebanon.  Abi Younes mentioned during the presentation of its program that Lebanon is a country of political, economic and press freedom.
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  Real GDP growth projected at 2% in 2014, compared to a growth rate of 3.6% in the Middle East and MENA region. It has been projected a second lowest in MENA region
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NNA.Demonstrators on Tuesday evening closed again the Nehme Landfill after the deadline given by the "Closure of the Landfill" Campaign came to an end at six p.m. this evening, NNA correspondent reported. Demonstrators staged a sit-in in the middle of the road at the Landfill's entrance, hoisting banners and calling for the closure of said landfill. The Committee of the "Closure of the Landfill" Campaign is currently holding a meeting to discuss the decision that it shall be adopting with respect to the contacts and negotiations undertaken between said campaign and the concerned state officials. "NNA. 
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  Bokaata dam project is expected to supply 35,000 m3 of water a day to 400,000 citizens in Metn area, according to the Ministry of Energy
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International Monetary Fund (IMF) forecasts real GDP growth at 1.5 percent in 2013
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   Central Bank of Lebanon issued the circular 328 on August,5, 2013 to start subsidize loans of $5 million to finance environmentally-friendly energy projects that have a maturity of 10 years or less.
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  The General Assembly of the Association of Banks in Lebanon (ABL) elected its Board of Directors for a two-year term. The Board elected Dr. François Bassil, Chairman & General Manager of Byblos Bank sal as ABL's Chairman, constituting Dr. Bassil's fourth term chairing the ABL's board. Mr. Saad Azhari, Chairman of BLOM Bank, was re-elected as Vice Chairman; Bank Audi's Chairman, Mr. Raymond Audi, was re-elected as the Board's Secretary and Mr. Tanal Sabbah from the Lebanese-Swiss Bank as Treasurer. The other board members are Mr. Nadim Kassar (Fransabank), Mr. Farid Raphael (Banque Libano-Française), Dr. Joseph Torbey (Crédit Libanais), Mr. Mohammad Hariri (BankMed), Mr. Antoine Sehnaoui (SGBL), Mr. Marwan Kheireddine (Al-Mawarid), Mr. Abdel- Razzak Achour (Bank of Kuwait & the Arab Countries), and Mr. Selim Sfeir (Bank of Beirut). Lebanon This Week, Byblos Bank's publiactin 
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  The Capital Markets Authority (CMA) issued a decree to regulate crowdfunding activities in Lebanon. Crowdfunding consists of small- and medium-sized enterprises (SMEs), as well as start-up firms, raising funds by selling small shares of equity to many individual investors, usually through the Internet. The CMA said that specialized crowdfunding institutions would have to set up an electronic platform to connect the firms with potential investors. It indicated that the minimum amount of capital that SMEs and startup compa- nies need to raise through crowdfunding is LBP30m, or $20,000. In addition, it said that crowd investors' direct and indirect invest- ments in each company is set at between LBP750,000 and LBP15m, or between $500 and $10,000. The CMA noted that crowdfund- ing organizations need to open a frozen escrow account at a bank operating in Lebanon for each crowdfunding transaction, while the release of funds would be contingent on reaching the desired amount of funding and within a timeline of up to 180 days Lebanon This Week, Byblos Bank's publication.
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On the occasion of reaching the status of emerging member at the World Green Building Council,
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Beirut

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.

ECO INITIATIVES

  • 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.

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MOST VISITED ARTICLES

  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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