Eight consortia bid for regasification units. Site will be in Selaata, Zahrani, or Deir Amar

Eight consortia presented their bids to participate in a tender for the import of a floating storage and regasification unit (FSRU), according to the Ministry of Energy and Water.

Some of the bidders are major oil and gas companies such as Shell, Rosneft, and Qatar Petroleum, and two of them, ENI and Total, have also won an exploration and production agreement for oil and gas.

FSRUs are offshore gas terminals that are connected to power plants. They take LNG in liquid form and exp...

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Beirut is the guest of honor at annual Barcelona festival. Local artists and performers to participate

The Municipality of Barcelona has chosen Beirut to participate in Barcelona's largest art and culture festival.

La Mercè, which is called the Festival of Festivals, has been an official city holiday since 1871. It runs on September 21 to 24, and will showcase audio and visual works, concerts, fireworks, human towers, and more.

"A delegation from the Barcelona Municipality visited the ministry, municipality, and governorate to inform them that Beirut was selected the gue...

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Credit Libanais gets $50 million senior loan from IFC.

Credit Libanais has obtained long-term financing from the International Finance Corporation (IFC) that it will use to provide loans to local Small and Medium Enterprises (SMEs), the two parties said in a joint statement.

The financing granted by the IFC, which is a member of the World Bank Group, comprises a senior loan of $50 million with a hedged fixed interest rate.

"IFC's financing package is expected to expand the SMEs lending by ten percent and the number of SMEs in Lebanon b...

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Shouf reserve added to global conservation list. Effective management maintains biodiversity

The Shouf Biosphere Reserve has been added to the International Union for Conservation of Nature (IUCN) Green List of Protected and Conserved Areas, a global standard recognizing best practices in protected areas.

It was one of 15 natural sites from Egypt, France, Jordan, Kenya, Mexico, Peru and the UAE that were added to the IUCN green list, bringing the total number of listed sites to 40. The list includes Wadi Al-Hitan in Egypt, the UAE's Al-Wathba Wetland Reserve, and Montague Island...

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Mimosa expands its facility in Kaa El Rim.

Mimosa, a sanitary paper manufacturer, will expand its facility in Kaa El Rim, to be completed in early 2019.

The 5,000 square meters expanded area will include space for production lines and warehouses. Production capacity will increase by ten percent.

The $2 million expansion will be partly funded by subsidized loans, according to Wissam Tannouri, CEO.

The expansion will create ten full time jobs. "The entire new production will be for local consumption," Tannouri said. ...

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