France satisfied with infrastructure program. Skepticism among CEDRE’s donors has risen but they remain ready to help

French President Emmanuel Macron is satisfied with Lebanon's progress on starting an infrastructure investment program, said the office of Prime Minister Saad Hariri, following a phone conversation between the two leaders.

This statement came after Pierre Duquesne, a French envoy representing donors of the CEDRE conference, said that the Lebanese authorities need to speed up reforms, pass the 2020 budget this year, and set the priorities for the 250 infrastructure projects that will be fi...

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Over 300 new real estate projects. Mazraa the best performing region

Since 2018 more than 300 real estate residential building projects have been launched. In 2018 there were 263 new projects underway and 51 have been launched in the first six months this year, according to 'Still Building Apartments', an article published in the September issue of Lebanon Opportunities.

The projects tend to be smaller than in previous years in terms of both the number of units and their size. Around 80 percent of the new projects launched since 2018 are of less than 25 un...

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$1.3 billion in subscriptions to investment funds in 2018.

Subscriptions to local and foreign investment funds dropped by $371 million, or 22 percent, to $1.32 billion in 2018 compared with the previous year, according to the Annual Report of the Capital Markets Authority (CMA).

The number of subscribers fell by 12 percent, to around 8,100 subscribers.

The number of the funds, also known as collective investment schemes (CISs), increased 24 percent, to 651 CISs.

Subscriptions to local funds plunged by $259 million, or 33 percent, ...

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Dehydrated chips factory to open in Jezzine.

Agro Food Industries, Trading, and Technologies (Agrofitt) will open a chips factory in Al Bayader, Jezzine late this month.

Agrofitt will produce a diversified line of dehydrated chips from several types of fruits and vegetables, starting with apples and bananas. There will be several flavors from each product.

The company in collaboration with Saint Joseph University (USJ) has worked on developing the products. "All the experimental tests of the products were conducted in the u...

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Green industrial incubator opened in Roumieh. Project capable for 40 green start-ups and small enterprises

Fondation Diane has launched 'Raymondo' a green industrial incubator in the industrial zone of Roumieh.

Raymondo has a total built-up area of 3,000 square meters (m2), which can fit up to 40 start-ups. "The project will be a platform for start-ups who have creative eco-friendly industrial ideas that can be developed," said Lara Blake, Operation Director at Fondation Diane.

The incubator will also comprise a research and development space and basic equipment and machinery that can...

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