AGP Executive Report
Last update: 5 hours agoPower Crisis: Electricité du Liban has begun cutting power to public institutions with unpaid bills, including some municipalities and water providers. Hospitals are exempt, but the cuts deepen pressure on services as state supply can be limited to a few hours a day. Energy Costs: Oil prices rose after US strikes on Iran, with Brent above $105 a barrel, raising fresh concern over fuel costs for Lebanon. Regional Ties: Lebanese and Syrian ministers met to discuss trade, border security and refugee returns, while Lebanon and Qatar have made progress on an energy-sector proposal. Business and Banking: Al Habtoor Group’s board approved the sale of its Lebanon assets and investments. Separately, a 15% capital requirement is complicating efforts to restructure Lebanese banks. Fuel Procurement: A government contract for powership fuel awarded to BB Energy without a tender board review has renewed scrutiny of energy-sector decisions.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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