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Closing the infrastructure gap in Lebanon

Closing the infrastructure gap in Lebanon

With the world’s population expected to grow by 2 billion—reaching almost 9.5 billion by 2040—one of the major structural changes that would need to keep pace is the development of infrastructure. The world is expected to need close to 100 trillion dollars worth of infrastructure investment by 2040, mainly in developing countries, according to estimates

Offshore petroleum investments made riskier

In light of the recent Lebanon Investment in Infrastructure Conference as well as the highly anticipated  CEDRE conference (also known as Paris IV), it is undeniable that attracting private investment is Lebanon’s top priority. This comes shortly after the country signed petroleum contracts with international oil companies (IOCs) for the exploration and production of offshore

Lebanese in Brazil will not vote come May

The Lebanese parliamentary elections on May 6 are bound to make history, as, for the first time ever, Lebanese residing abroad have been granted the right to vote. Their appetite to do so, however, has so far appeared to be rather humble. In total, 82,900 Lebanese abroad have registered to vote, according to  the official

VAT rises from 10 to 11 percent

Since at least 2011, the IMF has urged the Lebanese government to increase its VAT rate and to broaden the tax’s base by lowering exemptions. After this year’s increase of the VAT standard rate by 1 percent, from 10 to 11 percent, Lebanon’s VAT rate is still the second-lowest in the region after Djibouti, and

A nudge in the right direction

From preventing simple traffic violations to curbing rampant corruption, ensuring compliance with the rule of law in Lebanon is a serious challenge for policymakers. Heavy-handed controls often do not work, as they rely on individuals making rational decisions, and financial incentives are not sustainable in the long-run. What else can the government do to improve

Strengthen our environmental protections

As Lebanon gears up to explore for offshore oil and gas resources, it is critical that environmental protection is a front and center priority. Oil and gas development activities have high environmental risks that could impact Lebanese communities living along the coast, as well as businesses working in the fishery, tourism, and shipping sectors. To

A roadmap for the first licensing round

On January 4 2017, the Lebanese government approved what many observers have been waiting for since March 2013: two oil and gas decrees, without which the country’s first licensing round could not proceed. One delineated offshore blocks, another detailed the model exploration and production agreement and set out the tender protocol. To signal its determination,

It is all possible

Beirut, December 2026. For the second year in a row, the number of tourists visiting Lebanon has topped 3 million. They are lured by the country’s historical sites, great food and social scene, as well as by their curiosity to experience the multicultural milieu that makes Lebanon such a unique place, not only for the

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