EDL

The definition of reform in the dictionary is “making changes to something in order to improve it.”  The challenge has become insurmountable and the country’s finances might fall into a…

Through its Nationally Determined Contribution (NDC), approved by Parliament under Law 115 dated 2019, Lebanon has committed to achieving a 30 percent reduction in greenhouse gas emissions by 2030. Moreover,…

In 2010, everything was looking up for Lebanon’s electricity sector. Gebran Bassil, then minister of energy and water, had put forth a master plan that by 2015 would have delivered…

The complications posed by the refugee crisis and stagnant legislature found Lebanon’s public finances in troubled waters. There have, however, been some positive developments. The Ministry of Finance has again…

Lebanon’s electricity sector faces severe difficulties on multiple levels, making it an unsustainable burden on the economy in general and the state budget in particular. Problems extend across all stages…

Economics and Policy Gold slipped back into negative territory on Tuesday after bargain hunting tapered off, while daily outflows from exchange-traded funds highlighted investors’ lack of confidence in the precious…

Economics A strike by Electricite du Liban’s workers has further exacerbated the electricity crisis in the country as repairs on aging power plants came to a halt Tuesday. More from…

Power cuts several hours per day are a way of life in Beirut, and some rural areas of Lebanon go without electricity for upwards of 16 hours a day, every…

If the many announcements coming out of the energy ministry last month translate into reality then the country’s electricity sector is on the verge of major change. In a few…

Officially charged with powering the nation, Electricité du Liban (EDL) is today perhaps the epitome of Lebanon’s political ineptitude, and one that nearly pulled the plug on the fledgling cabinet…