Latest news with #AmerBisat
LBCI
4 days ago
- Business
- LBCI
Economy Minister meets Starlink regional director, pledges support for launching operations in Lebanon
Economy and Trade Minister Amer Bisat met with the Middle East Regional Director of Starlink. He affirmed that "the launch of the company's operations in Lebanon will provide the private sector with additional, reliable, and efficient internet services." A statement from the Ministry of Economy noted that 'in line with the ministry's goal of facilitating the Ease of Doing Business, Minister Bisat pledged to assist the company in swiftly establishing its operations in Lebanon.'
LBCI
21-05-2025
- Business
- LBCI
Lebanon prepares for high-level visit to Iraq to boost bilateral cooperation
Prime Minister Nawaf Salam chaired a ministerial meeting attended by Finance Minister Yassine Jaber, Economy Minister Amer Bisat, and Energy and Water Minister Joe Saddi, as part of preparations for an upcoming official visit to Iraq aimed at strengthening cooperation on shared development projects. The visit follows ongoing coordination between Prime Minister Salam and Iraqi Prime Minister Mohammed Shia Al-Sudani, focusing on expanding bilateral ties, particularly in the energy sector. Central to the talks will be the rehabilitation and activation of the oil pipeline between Iraq and Lebanon, establishing a special economic zone for petrochemical manufacturing and storage, and developing a fiber optic line from Iraq through Lebanon to Europe. The agenda also includes reactivating the Iraqi-Lebanese joint committee and encouraging private sector investments between the two countries. The Lebanese delegation aims to deepen economic and strategic cooperation in ways that serve both nations' long-term development goals.
LBCI
19-05-2025
- Business
- LBCI
Master plan for Beirut Port: Grain silos' fate uncertain as reconstruction talks move forward
Report by Lara El Hachem, English adaptation by Yasmine Jaroudi The Beirut Port Authority is moving forward with plans to expand its public-private partnership model, proposing a Build-Operate-Transfer (BOT) agreement to manage the unloading and storage of vehicles at the port. The proposal is part of a broader master plan developed in cooperation with French experts to rehabilitate the port, which was heavily damaged in the 2020 explosion. Private sector collaboration is not new for the Beirut Port, which has already contracted international companies to operate the container terminal and manage cargo storage under the supervision of the temporary port management committee. The new BOT model would allow a private entity to build and operate the vehicle unloading facility for a set period before transferring control back to the state. The master plan is expected to be funded entirely by port revenues, which reached $150 million in 2024, up sharply from just $5 million in 2021 following the blast. The proposal also reserves a 25,000-square-meter plot for potential reconstruction of the grain silos, pending a final decision by the Ministries of Economy and Public Works. Economy Minister Amer Bisat confirmed that no decision has been made regarding whether the public or private sector would manage the silos. The ministry awaits the completion of a feasibility study that will determine the silos' location, size, and cost. In the short term, concerns over the deteriorating condition of the damaged silos persist. Fermented wheat inside the structure continues to emit hazardous fumes, creating an urgent environmental and public health risk. The Environment Ministry is awaiting the findings of a technical committee, while the Culture Minister remains in contact with families of port explosion victims, who view the silos as a site of profound symbolic value. The current government hopes to resolve the issue where its predecessor failed.
Iraqi News
13-05-2025
- Business
- Iraqi News
Lebanon: Opening a new page of investment, trade rapprochement with Iraq
INA – BAGHDAD Lebanese Minister of Economy and Trade, Amer Bisat, affirmed on Tuesday, on the sidelines of the meeting of the Economic and Social Council of the Arab Summit, that efforts are underway to activate the joint committee between Iraq and Lebanon as well as open a new page of trade rapprochement between the two countries. The Lebanese Minister of Economy and Trade told the Iraqi News Agency - INA: "His country is working to activate the joint trade committee with Iraq and open a new page of investment and rapprochement between the two countries." He added, "Iraq has always been a supporter of Lebanon in all circumstances and has never stopped assisting the Lebanese people in the most difficult circumstances." "Cooperation with Iraq is witnessing new horizons today at the level of the private and government sectors, and we will work to activate the joint trade committee within the next few weeks," he pointed out. In a related context, the Director General of Economy and Trade at the Lebanese Ministry of Economy and Trade, Muhammad Abu Haidar, addressed the most important issues presented on the agenda of the development summit on Tuesday, noting that Lebanon is actively participating in discussing projects that concern the future of the region. Abu Haidar told INA: "There were many proposals from the Arabs presented during the Economic and Social Council, all of which are of high importance and aim to stimulate growth in light of the challenges facing the region in general." "All officials demonstrated seriousness and interest during the discussion of economic and social issues," he said, adding that "Lebanon remains committed to its Arab affiliation," expressing his thanks to "the Arab countries, especially Iraq, for their continued support." Regarding the Economic and Social Development Summit, Abu Haidar pointed to "the presence of projects related to sustainable development, artificial intelligence, technological development, water resources, school health, and activities aimed at stimulating economic growth." He indicated that "these topics are currently under study in preparation for submitting them to the summit, which will be attended by Lebanese Prime Minister Nawaf Salameh."
Iraqi News
13-05-2025
- Business
- Iraqi News
Lebanon's Trade Minister: Iraq is able to lead this phase wisely
Baghdad-INA Lebanese Minister of Economy and Trade, Amer Bisat, on Tuesday expressed confidence in Iraq's ability to manage the current phase wisely. Speaking at the ministerial-level preparatory meeting of the Economic and Social Council ahead of the Fifth Arab Economic and Social Development Summit, attended by the reporter of the Iraqi news agency-INA, Bisat described the event as taking place at what 'some consider an existential moment.' He stated that the Lebanese government has adopted two strategic choices: reintegrating Lebanon into the Arab fold and actively engaging in reconstruction efforts. 'There is an urgent need to restore Lebanon's place within its Arab environment,' he said. Bisat emphasized that the challenges Lebanon has faced have not weakened its will. 'On the contrary,' he noted, 'they have catalyzed a comprehensive reform process, which we are implementing through a five-point plan.' As a former president of the Arab Development Summit, Lebanon has closely followed the implementation of previous summit resolutions, Bisat added. He voiced strong confidence in Iraq's capacity to preside over the upcoming summit successfully. 'It is an honor to hand over the presidency of the summit to Iraq,' he said, expressing appreciation for Iraq's hospitality and its continued support to Lebanon. 'The challenges are significant, but our confidence in our ability to overcome them is greater still,' he concluded.
