Lebanon · Country watch
Lebanon's New Power Plan, IMF Talks Progress
Lebanon unveils a new electricity plan and reports progress in IMF negotiations, impacting energy and finance sectors.
The picture Improving How this is judged →
Lebanon's business conditions improve as the government unveils a new electricity plan and reports progress in IMF negotiations. Energy and finance sectors see positive developments, suggesting potential stabilization in the near term.
In this briefing Paul Morcos · Nawaf Salam · Government of Lebanon · Ministry of Energy and Water (Lebanon) · Yassine Jaber · Amir Bassat · Karim Saeed · International Monetary Fund · Ministry of Finance (Lebanon)
Regulation
Lebanon Unveils Comprehensive Electricity Plan
Lebanon's government announced a comprehensive electricity plan focusing on natural gas and renewable energy, according to An-Nahar. Information Minister Paul Morcos stated that the plan, approved in a cabinet session led by President Nawaf Salam, aims to secure natural gas through the Arab Gas Pipeline to the Deir Ammar power plant. This shift from gas oil to natural gas is expected to significantly reduce production costs. The plan also includes measures for production, transmission, distribution, and billing.
Impact Energy suppliers and infrastructure developers will see new opportunities as Lebanon shifts to natural gas and renewables.
Sources: An-Nahar النهار ↗, Leb Economy ↗
Markets
Fuel Prices Drop in Lebanon
Part of: Fluctuations in Lebanon's fuel prices →
The Lebanese Ministry of Energy and Water released a new fuel price schedule, showing a decrease in gasoline and diesel prices, as reported by An-Nahar. The price of 95-octane and 98-octane gasoline fell by 54,000 Lebanese pounds per canister, while diesel dropped by 35,000 pounds. The price of gas remained unchanged.
Impact Fuel retailers and consumers benefit from lower gasoline and diesel prices, reducing operational and transport costs.
Sources: An-Nahar النهار ↗, Leb Economy ↗
Politics
Lebanon Makes Progress in IMF Negotiations
Part of: Lebanon's IMF negotiations progress →
Lebanon's Finance Minister Yassine Jaber concluded a round of negotiations with the IMF delegation in Beirut, according to An-Nahar. The talks, involving key figures like Economy Minister Amir Bassat and Central Bank Governor Karim Saeed, focused on the financial gap law and strategies to address the banking crisis. The discussions marked progress in reaching agreements, with a mini-committee set to finalize the financial gap law.
Impact Financial institutions and investors in Lebanon are affected by the progress in IMF talks, which could lead to economic reforms.
Sources: An-Nahar النهار ↗, Leb Economy ↗
Nothing significant reported today in Disruption · Internal tension · Safety & health · Companies · Trade.
Also today in the local press
- الذهب يتماسك بعد بيانات التضخم ويتجه لأسوأ أداء أسبوعي منذ حزيران — An-Nahar النهار
- النفط يهبط عند التسوية ويسجل خسائر للأسبوع الثاني — An-Nahar النهار
- انقطاع مايكروسوفت… حين يتوقف البريد تتعطل الأعمال — An-Nahar النهار
- الدولار قرب أعلى مستوياته في 19 شهرا بفضل توقعات رفع الفائدة — Leb Economy
- أميركا تمدد تعليق العمل بقانون الشحن — An-Nahar النهار
- وزير النقل الأمريكي: لم تكن هناك أي مؤشرات مسبقة ولا توجد حتى الآن أدلة تشير إلى أن عطل الاتصالات ناجم عن هجوم متعمد — Almaner News
- إجراءات أمنية مُشدّدة لنواب ومسؤولين — An-Nahar النهار
- هيئة الأرصاد الجوية الوطنية الأميركية: نواجه مشكلات في الإنترنت والاتصالات على مستوى الولايات المتحدة — Almaner News
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.