Garbage plan within 48 hours. Bekaa landfill to be moved to Nabatieh

The long-awaited garbage plan will be implemented in the next two days, according to the Ministry of Agriculture, which is heading a ministerial committee to follow up on the plan's implementation.

The landfill, which was slated for the Bekaa region, will be moved to the southern village of Kfour, Nabatieh, sources close to the ministry said.

The committee presented Prime Minister Tamam Salam a full report about the changes to the plan and efforts made with members of the civil soc...

Article details

A dozen sorting facilities to see light in 2016. More than $200 million in investments required

More than ten sorting and composting trash facilities are expected to begin operations in various regions in 2016.

According to Ziad Abi Chaker, Co-founder of Cedar Environmental, a company that provides waste treatment services, more than $200 million in investments are expected to enter the market within the next two years.

Tony Bou Chalhoub, General Manager of Bou Chalhoub for Industry and Trade, a manufacturer of sorting production lines, composting and RDF machines, said tha...

Article details

Central Bank allows corporate debt restructuring. To develop financial markets and reorganize relationship between debtors and creditors

Banks and financial institutions will be allowed to restructure their loans, according to a basic circular issued by the Central Bank (BDL) this week. The circular targets loans provided mainly to companies.

"This circular is not worrying about any default crisis in the market," said Marwan Mikhael, Head of Research at Blominvest Bank. "Authorities have been working for a long time on a law similar to the concept of the US Chapter 11 law, which helps protect debtors, but due to political...

Article details

World Bank: Bad marks for ease of doing business. Prevailing paralysis will lead to deterioration of services

Lebanon's effort to improve the business climate has not been serious lately, according to the 'Doing Business 2016' report issued by the World Bank Group, which ranked it 123 out of 189 among countries, in terms of ease of doing business.

The country had a score of 56.39 out of 100 in the 2016 ranking compared to 56.50 in 2015. The report noted the absence of any reforms for the two consecutive years.

"The political process is in deep paralysis, which has been hampering reforms," ...

Article details

Régie will open packing factory in Ghazieh. To enhance quality and fasten export process

The Régie, the State-owned tobacco monopoly, will open a factory for packing tobacco in Ghazieh, in November.

The facility will have capacity to pack 50 tons of tobacco in cartons, instead of burlap sacks per day. Abdel Mawla Almawla, Régie Leaf Department Manager, said: "The new facility will help us sort and pack tobacco for the export markets, faster than our current speed. It will also contribute to enhancing its quality." Sorting and packing tobacco used to take the Re...

Article details