INSEAD Day 4 - 728x90

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Lebanon looks to import gas from Egypt

Lebanon Prime Minister Najib Mikati,
  • Mikati held a meeting with Egyptian Prime Minister Dr. Mostafa Madbouly in Sharm El-Sheik on Monday
  • Dr. Madboulyr informed Mikati that Egypt was preparing a shipment of medical and food aid to be sent to Lebanon by sea

Lebanon Prime Minister Najib Mikati, who is on an official visit to Egypt discussed the prospect of importing gas from the country. 

Mikati held a meeting with Egyptian Prime Minister Dr. Mostafa Madbouly in Sharm El-Sheik on Monday in the presence of an accompanying Lebanese official delegation including Minister of Youth and Sports, George Kallas, and Lebanon’s Ambassador to Egypt, Ali Al-Halabi. 

On the Egyptian side, Egyptian Minister of Energy, Mohamed Shaker, and Egyptian Minister of Petroleum, Tarek El-Molla, attended the meeting. 

Discussions reportedly focused on the process of exporting Egyptian gas from Egypt to Lebanon.

Meanwhile, both sides agreed to sign a preliminary agreement between Lebanon, Egypt, Jordan, and Syria.  

Dr. Madboulyr informed Mikati that Egypt was preparing a shipment of medical and food aid to be sent to Lebanon by sea. 

It was also agreed to export Lebanese agricultural produce to Egypt.