EBRD’s shareholders approved the membership of Lebanon to become a recipient of EBRD investments and advisory services. They expect to start the operations in the second quarter of 2017. EBRD has been investing in 4 countries of the southern and eastern Mediterranean region since 2012. Lebanon is the 5th member country of the EBRD. The […]

The Parliament of Cyprus has approved by common consent the proposal of amending the rules for determining tax residency of individuals in Cyprus. Under the currently existing (to be revised) law individuals were considered as tax resident in Cyprus if they were physically present for at least 183 days per year. According to the new […]

A Memorandum of Understanding was signed on Monday 17 July in Tehran by Gholamreza Manouchehri, Deputy Managing Director of NIOC, Hamid Akbari, CEO of Petropars and Hiroshi Sato, Toyo’s Director of Energy Business Unit, aiming to renew the Salman oil and gas field’s facilities and to boost production. The Salman field is located in the Persian […]

The farming company EkoProd AT in Volnovakha, District of Donetsk, invested in a biogas plant with a planned installed capacity of 3 MW. The biogas plant will produce heat and electricity, which will be enough for 3.500 households in Volnovakha. The biogas plant of EkoProd AT in Volnovakha is located between Donetsk Mariupol, in the area controlled […]

CBI and the Ministry of Economic Affairs and Finance received ultimatum from the Parliament, last week, to regulate the non-bank credit institutions. After many non-bank credit institutions were bankrupt or were subject to bankruptcy, a group of lawmakers asked regulators to regulate these financial institutions and to manage the looming crisis. In Iran, banks and […]

The Central Bank of Lebanon provided a fund of $ 3.2 million as an investment for the UK-Lebanon Tech Hub (UKLTH). The same amount was provided by the British Embassy in February this year, which totals to $ 6.4 million. The funds will be used to foster the entrepreneurial ecosystem and to improve the knowledge […]