German Ambassador visits Union of Arab Banks

German Ambassador to Lebanon, Georg Birgelen, on Thursday visited the Union of Arab Banks, and met with Secretary General Wissam Fattouh. Talks reportedly touched on the financial situation in Europe following Brexit, in addition to Germany's growing r...

Jabaq says drug prices to be cut by a third

Caretaker Minister of Public Health, Jamil Jabaq, has announced that the prices of drugs and medication will soon be cut by one-third in Lebanon. "The Lebanese people will soon be informed that drug prices have been reduced by 25 to 30%," Jabaq told a ...

Karpowership officially responds to ‘fake news and allegations’ regarding its operations in Republic of Lebanon

Karpowership officially responded to what it described as fake news and allegations regarding its operations in Republic of Lebanon: "In light of the ongoing and orchestrated campaign including fake news regarding the Powerships, it has become necessar...


WASHINGTON � Adam Boehler, Chief Executive Officer of the U.S. International Development Finance Corporation (DFC), will travel to Cartagena, Colombia December 5 � 6 to explore investment opportunities and strengthen regional relationships in support of shared development goals in Colombia and across Latin America and the Caribbean.

Boehler will attend the U.S.-Colombia Business Summit in Cartagena, where he will underscore DFC's commitment to Colombia as well as the agency's enhanced flexibility to invest in Latin America. He will also meet with regional business leaders to discuss opportunities to collaborate on priorities such as infrastructure development and women's economic empowerment. Additionally, Boehler will meet with high-ranking government officials to enhance cooperation in support of regional development, prosperity, and stability.

DFC is a new U.S. Government agency that combines and modernizes the Overseas Private Investment Corporation (OPIC) and USAID's Development Credit Authority (DCA). With a more than doubled investment cap of $60 billion and new financial tools, DFC is equipped to more effectively mobilize private sector capital to priority regions such as Latin America. The agency continues to work with Congress to fund DFC through the appropriations process in order to exercise its new investment and development tools.

OPIC currently has more than $1 billion invested in Colombia in sectors ranging from critical infrastructure to financial services, technology, and housing. In September, the agency signed letters of intent alongside the Inter-American Development Bank (IDB) to support two Colombian investment funds focused on reaching and empowering the region's women.

Source: OPIC

Hundreds Of Syrian Refugees In Lebanon Return Home

BEIRUT, Hundreds of Syrian refugees have headed home, in the first batch to leave Lebanon, since protests broke out in the small Arab country, more than a month ago.Since the early hours of Tuesday, scores of Syrians boarded buses in several locations ...

Embezzlement charges pressed against five in Car Registration Office

State Prosecutor of Finance, Judge Ali Ibrahim, on Wednesday pressed charges of embezzlement against five individuals working at the Car Registration Office in Dekweneh, and referred the case to the first investigative judge in Mount Lebanon, Nicolas M...