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Rehabilitating the Litani river: 118 water treatment units to be installed, 69 factories to close

18-11-2019

The minister of industry in the caretaker government, Wael Abu Faour, announced on November 15, the completion of the process of removing industrial pollution in the Litani River basin embracing around 201 industrial plants. This, he said, resulted in the installation of 118 water treatment units and the issuance of 69 closure orders as well as 32 notices to violating parties, in line with the plan launched by the ministry targeting zero pollution in the Litani River. Abu Faour confirmed the responsiveness on the part of industrialists, and commended the investments they have made to set up water treatment units in observance with licensing laws and regulations. The Minister made clear that issuing warnings covered industrial plants that do not dispose their waste in the river, while noting that the owners of these plants reuse or stockpile them in sanitary pits pending the completion of installation of the water treatment units. Abu Faour revealed in conclusion, that other factories will be taken care of in the last phase. This includes the issuance of 22 notices, 6 closure orders and 3 orders of reopening. (for the complete list of industrial plants, kindly visit the link below: https://bit.ly/2NVAiwF. )Al Akhbar, November 16, 2019)

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Facilitating bananas exports to Jordan, Syria

15-11-2019

During a meeting yesterday at the premises of the Southern Farmers Gathering, the Syndicates of Farmers and Exporters appealed to caretaker prime minister Saad Hariri to personally mediate with the King of Jordan to reopen the Jordanian markets to Lebanese bananas. Noting, that this comes in line with the mutual agreement signed between the two countries to this effect and helps restore the trade balance in favor of Lebanon. The Syndicates urged Hariri to liaise with the Jordanian authorities to open borders to facilitate the entry of refrigerated trucks blocked at the Syrian-Jordanian borders. Farmers also demanded the Lebanese government to immediately intervene with its Syrian counterpart to ease the access of local bananas to the Syrian markets on the basis of reciprocity. And in this regard, the Southern Farmers’ Gathering in an address to Syrian President Bashar Assad, pressed for his prompt mediation to salvage the Lebanese production which is now at its peak and the Lebanese farmer is suffering huge losses as a result of dumping. (Al Diyar, November 15, 2019)

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Lebanese farmers demand preferential treatment to domestic products

12-11-2019

After the head of the Gathering of Beqaa Farmers, Ibrahim Tarshishi, warned last week of the huge losses inflicting agriculture and the respective slump in exports (https://bit.ly/2QbjinM), the syndicate of exporters and importers of vegetables and fruits in Lebanon threatened yesterday to take to the streets and block roads to prevent the entry of imported agricultural goods. The syndicate appealed to the agriculture ministry to immediately halt the release of import licenses on the basis of reciprocity with countries banning the import of made-in-Lebanon products into their markets. Tarshishi issued the above warning during a meeting in Riyaq, Beqaa, and called for the following: the suspension of import of agricultural products from all countries for a period of 6 months, notwithstanding the effective licenses; termination of all import permits as of today, Tuesday, and cancelling the importation of any agricultural product from any country which does not observe reciprocity. “We cannot export our production to the majority of countries we import from, specifically, Jordan, Egypt, Syria, Iraq and Turkey,” Tarshishi said. He deplored the hard luck of Lebanese farmers and the ill-treatment on the part of the banking institutions, as well as the stubborn recklessness by the ministry of agriculture to this end. He gave the ministry and the banks one-week ultimatum to stop importation and to resolve the impasse of buying dollars in order to compensate the purchase of seeds, fertilizers and fuel farmers need. Tarshshi finally threatened to take to the streets as of next week in case of failure to respond, concluding, “Enough negligence and exploitation of our rights… give priority to the Lebanese products and to our land produce.”. (Al Diyar, November 12, 2019)

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Private businesses continue on their downfall path

8-11-2019

The Purchasing Managers’ Index (PMI) by BLOM Bank settled at 48.3 during the month of October, recording a higher rate, 46.4, compared to September. According to BLOM Bank executive director, Fadi Osseiran, the operational activities of the Lebanese private sector posted the slowest decline since January 2016, noting that the findings of the above report have been collected before the onset of the current demonstrations on October 17. The activity of the private sector companies, Osseiran explained, is completely disrupted, anticipating an interruption in the publishing of the PMI for November in the aftermath of the continuing revolts. Osseiran attributed the slow decline in the operational activities partially to a marginal decline in the productivity of the private sector businesses in Lebanon during October. The PMI has shown a drop in the new orders by said companies as of the last quarter of 2019, albeit slightly less than last month. )Al Liwaa, November 8, 2019(

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Agriculture faces big losses because of present political crisis

7-11-2019

The secretary general of the Syndicate of Importers and Exporters of Vegetables and Fruits, Ibrahim Tarshishi, Tarshishi said that after the opening of roads by protestors that were closed for 20 days since the start of the popular uprising, the agricultural conditions are now improving. Tarshishi who was speaking to Al Markaziya portal warned however that home-grown products have flooded local markets leading to a decline in prices by nearly 50% against their production cost. He further explained that the dumping of markets by domestic products was offset by a reduced consumption, partly for its availability, and also because the business of restaurants has plummeted below normal, in addition to a weakened consumer purchasing power. On the other hand, Tarshishi clarified that during the closure of roads, the prices of some varieties of veggies and fruits soared by almost 100% but this barely benefited farmers and small producers, except for traders and distributors of agricultural goods. Tarshishi also spoke about the crisis involving the scarcity of dollar and the resulting rise of two exchange markets. He added that farmers are selling products in Lebanese lira and paying their dues in US dollars as it is sold in the black market, and this includes fuel, fertilizers, seeds and land lease. In conclusion, Tarshishi warned that the current situation is inflicting between USD 200,000 and 500,000 in daily losses on the agriculture sector especially with the drastic decline in the export activity. (Al Diyar, November 7, 2019)
 

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Lebanon ranks 44th in global micro-credit index

5-11-2019

The Economist Intelligence Unit (EIU) released its recent report on microcredit for the year 2019 in which it ranked 55 countries across the globe to evaluate their enabling environment for financial inclusion. Noting, that the EIU calculates the microscope index taking into account five areas: government and policy support; stability and integrity; products and outlets; consumer protection and infrastructure. According to the above report, Lebanon ranked 44th globally (compared to 50th in 2018) and 4th in the region with a score of 40 (compared to 33th last year). The report shows that the improvement Lebanon achieved is a result of the progress in its electronic KYC system, noting that electronic signatures are now accepted for identity verification in the country. Moreover, the report indicated that Bank of Lebanon introduced back in 2017 a financial inclusion strategy, but progress has been slow in implementing it, while taking into consideration that non-banking financial institutions sector remains largely unregulated. (Al Diyar, November 5, 2019)
 

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Beirut exhibition for packaging, printing and paper products

16-10-2019

Under the patronage of prime minister Saad Hariri represented by industry minister Wael Abu Faour, the international event company, IFP Group, kicked off yesterday the first edition of the Exhibition for Packaging, Processing, Printing and Paper, 4P East Med, at Hilton Beirut Hotel. The expo features three pavilions for Egypt, China and Bangladesh, in addition to 100 participants from Saudi Arabia, the UK, Portugal, Poland, Egypt, Lebanon, China, Bangladesh and India who will showcase their latest innovations equipment and technologies in the field. During the opening ceremony, Abu Faour said the economic situation and measures taken as a result are positive, the exhibition is proof of Lebanon’s vigor, he said, noting that the domestic industry has taken big strides in development. The event (open from October 15 to 18) will host a specialized conference highlighting the future trends of the four industry branches. (Al Mustaqbal, October 16, 2019)

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Small farmer’s market in Hermel

15-10-2019

In collaboration with the Union of Hermel Municipalities, Jihad Al Binaa Foundation for Development will organize a farmer’s market this Saturday at its premises in Hermel, Beqaa for the 3rd week in a row. The event aims to help small farmers/producers in marketing their production with no added costs and without intermediaries, hence increasing their profit margin during that day. Noting that the market, which opens every Saturday from 9 am to 1 pm, provides consumers with healthy and whole foods at affordable prices. For more information, kindly call the following number: 08-200181. (Al Akhbar, October 15, 2019)

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Parliament discusses the medical use of cannabis

11-10-2019

The sub-committee in charge of studying the draft bill related to the cultivation of cannabis for medicinal use convened yesterday under MP Yassin Jaber to review a scientific study by Dr. Mirna Sabra, Medical School-Lebanese University. Sabra in her report demonstrated the use of marijuana in fighting cancer, specifically in destroying cancerous cells while saving normal ones. The above committee also followed up on the proposal to legalize planting cannabis for medical use, from Article 1 up to Article 18, related to provisos required for the license orders. (Al Diyar, October 11, 2019)
 

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Community support to Baskinta apple growers

10-10-2019

Following the Lebanese Apple Day held on October 5 (https://bit.ly/2nDak76), MP Ibrahim Kanaan announced through Voice of Lebanon Radio, an initiative he launched in Matn area with a number of North Matn municipalities and concerned friends of apple growers in Baskinta. The initiative aims to buy the apple supply to help ease the marketing of crops by local farmers. According to Al Diyar newspaper, the outcomes were positive. The campaign achieved around LBP 100 million in returns, which facilitated the recovery of the ailing sector as the result of the non-disposal of production. (Al Diyar, October 10, 2019)

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