logo
UAE firm delegation meets President Aoun, expresses interest in investing in Lebanon

UAE firm delegation meets President Aoun, expresses interest in investing in Lebanon

LBCI14 hours ago
A delegation from the UAE-based company Resources Investment, led by Mohammed Al-Dhaheri, informed President Joseph Aoun of the company's interest in supporting key projects in Lebanon.
These include initiatives in the electricity and banking sectors, as well as investments in various development projects to be identified by the Lebanese government.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Billions needed, but no plan: Lebanon's social spending crisis deepens
Billions needed, but no plan: Lebanon's social spending crisis deepens

LBCI

time6 hours ago

  • LBCI

Billions needed, but no plan: Lebanon's social spending crisis deepens

Report by Lea Fayad, English adaptation by Karine Keuchkerian After everything Lebanon has been through, poverty has tripled over the past five years, unemployment stands at 45%, and the cost of reconstruction exceeds $11 billion. Yet, instead of expanding social programs, Lebanon has slashed the social and health protection budget — from $6.1 billion in 2017 to just $1.3 billion in 2024. What is worse, most of that money goes to public sector pensions and end-of-service benefits — covering just 2.5% of the population. Even the social programs funded by international donors, which are helping people stay on their feet, face constant threats of suspension. This reality — now in urgent need of change — was outlined in a report by the Institut des Finances Basil Fuleihan. However, the question remains: where can the government obtain the necessary funding? This comes at a time when establishing a social safety net is a key condition set by the International Monetary Fund (IMF) for any agreement with Lebanon — based on the need for a clear mechanism to protect the most vulnerable.

08 Jul 2025 20:22 PM Rasamny meets with Emirati Renewable Energy delegation and ICRC officials
08 Jul 2025 20:22 PM Rasamny meets with Emirati Renewable Energy delegation and ICRC officials

MTV Lebanon

time8 hours ago

  • MTV Lebanon

08 Jul 2025 20:22 PM Rasamny meets with Emirati Renewable Energy delegation and ICRC officials

Minister of Public Works Fayez Rasamny welcomed a delegation from UAE-based renewable energy firm Global South Utilities (GSU), headed by Vice President Mohammed Al Dhaheri. The delegation included Ali Al Shammari, CEO for Renewable Energy, Elie Salloum, Executive Director of Investments, and Mounir Khater. Discussions focused on potential investment projects to enhance electricity production in Lebanon through renewable energy sources. Rasamny also met with the Head of Delegation of the International Committee of the Red Cross (ICRC) in Lebanon, Ms. Agnès Dhur, accompanied by Political Advisor Mr. Shawky Amine Eddine. The meeting covered humanitarian cooperation and infrastructure priorities. Furthermore, the Minister held talks with MP Mohammad Yahya, with whom he reviewed public and developmental needs in Akkar. Rasamny also received a delegation from the municipal council of Jdeideh-Bouchrieh-Al-Sadd, led by Auguste Bachous, with whom he discussed road rehabilitation, pedestrian safety, and plans to transform the area's landfill into a sustainable coastal and tourist zone. In a separate meeting, Rasamny and former MP Emile Rahmeh discussed current national affairs and developmental concerns.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store