Farming disaster damage up to $400 million annually. Floods and cold waves top the list of risks

The primary risks impacting agriculture are mainly related to natural hazards, especially floods, cold waves, heavy rain, hot waves, and forest fires, according to a study published by the Ministry of Agriculture (MoA) and the Food and Agriculture Organization (FAO).

The study, 'Vulnerability and risk Assessment to Facilitate Planning for Disaster Risk Reduction and Climate Change Adaptation in in Agriculture', was conducted by the National Council for Scientific Research (CNSR). The res...

Article details

Transshipment up at Port of Beirut. Containers for local consumption decreased by three percent

Transshipment at Port of Beirut (PoB) reached 431,000 twenty-foot equivalent units (TEUs) in 2018, up six percent compared to the preceding year, according to statistics released by the port.

"The increase in transshipment activity compensated for weak local consumption," said Elie Zakhour, Chairman of the International Chamber of Navigation (ICN).

Containers for local consumption decreased by three percent to 874,200 TEUs.

"One of the reasons why transshipment improved is r...

Article details

Tax free spending up by seven percent. Trend is back towards leisure

Tax free spending increased by 6.5 percent last year compared to 2017, according to Global Blue's report: 'Globe Shopper Spending Insights YTD – January to December 2018'. The report accounts for VAT refunds at Beirut Rafic Hariri International Airport and other borders.

Tax free spending grew 5.5 percent in 2017 compared to 2016.

"In mid-2017, tourist tax free spending started to increase. This coincided with the end of the military campaign on the Eastern borders. Tourists are m...

Article details