MINISTRY OF ENERGY AND WATER’S ELECTRICITY REFORMS APPROVED BY GOVERNMENT
The Lebanese Government approved the electricity reform project presented by the Ministry of Energy and Water on June 21, 2010. Said project aims at alleviating the high spending burden by the Lebanese treasury on Electricité Du Liban.
INDUSTRIAL EXPORTS AND IMPORTS OF EQUIPMENT & MACHINERY THROUGH APRIL 2010
The Ministry of Industry conveyed a 25.44% annual expansion in Lebanon’s industrial exports to $1,129 million in the first four months of 2010.
BALANCE OF TRADE THROUGH MAY 2010
On the current account side of the balance of payment, Lebanon’s Higher Customs Council conveyed a $564 million annual expansion in Lebanon’s balance of trade deficit to $5.404 billion in the first five months of 2010.
Jordan’s Economy Grew by 2.03% in the First Quarter of 2010
According to the Jordanian official statistics department, Jordan’s economy grew by 2.03% in real terms in the first quarter of 2010.
NEW HOME SALES IN MAY 2010
The U.S. Commerce Department posted a sharp 33% monthly drop in new home sales in May 2010, posting its lowest level ever since the year 1963.
