Land Registry gets World Bank loan. For ICT upgrade and data integration

The World Bank Board of Executive Directors has approved the Administration System Modernization Project, which is intended to modernize the Land Registry and Cadastre system.

The $43 million initiative is financed by a loan through the International Bank for Reconstruction and Development (IBRD). The loan matures in 13 years with a grace period of six years.

The project has five components: Modernization of the Digital Land Registry and Cadastre System, National Spatial Data Infra...

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Foreign investment flat at $2.63 billion. Growth rates slow to a halt

Foreign direct investment inflows (FDIs) are estimated to have increased 0.7 percent to $2.63 billion in 2017 compared with the previous year, according to the 'World Investment Report' by the United Nations Conference on Trade and Development (UNCTAD).

The annual FDI growth was 11 percent in 2016, according to the present report.

The sharp slowdown in FDI inflows comes amid a global and regional downtrend. Lebanon was one of only six countries in the West Asia region that witness...

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GDP rises 1.7 pct in 2016 Financial services up 18 pct. Central Administration of Statistics releases National Accounts

GDP reached $51.5 billion in 2016, propelled by a real growth rate of 1.7 percent, according to the 'National Accounts' report recently released by the Central Administration of Statistics (CAS).

The World Bank, the Central Bank, and Bank Audi had estimated GDP growth of two percent. The International Monetary Fund (IMF) had projected a real growth rate of one percent.

The GDP growth in 2016 was an improvement from 2015, when real growth was just 0.2 percent.

GDP was growi...

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