INTERNATIONAL. Concerned about possible Israeli encroachment upon recently discovered offshore natural gas fields, Lebanon's Parliament has passed draft legislation demarcating its maritime borders with Israel. The 18-article law was drafted in the Parliament’s Public Works, Transport, Energy and Water Committee, headed by MP Mohammad Qabbani, The Daily Star reported. At issue are two massive offshore natural gas fields, Tamar and Leviathan, off Israel's northern city of Haifa, where initial prospecting estimates have concluded that the pair of sites between them could hold as much
INTERNATIONAL. 54% of the working age population in MENA is unemployed with little prospect of any positive immediate change; A shift in focus towards giving young people employability skills is required.
LEBANON. 78% of the surveyed Lebanese considered that their personal financial situation is "worse off" than it was six months earlier, while 17.6% stated that their financial situation remained the same and only 4.4% said it was "better off".
UAE. The Green MED Initiative (GMI) has as main objective the development of an integrated and environmentally sound waste management system by means of innovative technologies and sustainable waste treatment and recycling.
LEBANON: Byblos Bank Real Estate Demand Index posted the ninth steepest quarter-on-quarter decline on record and the ninth lowest level in 35 quarterly readings; the results show the sector continues to be affected by high levels of political uncertainty.
LEBANON. Byblos Bank/AUB Consumer Confidence Index improved by 5.7% in January, but declined by 1.3% in February and regressed by 10% in March 2016, which constituted the steepest monthly drop since September 2015.