AGP Executive Report
Last update: 7 hours agoPower Sector: Energy Minister Joe Saddi says Lebanon’s power plants meet only about a third of demand, leaving households reliant on private generators. He blamed decades of underinvestment and said private investors need security, political stability and financial guarantees before committing to new plants. Trade Routes: Egypt, Lebanon, Oman and Cyprus have expressed interest in joining the India-Middle East-Europe Economic Corridor, with a ministerial meeting expected to consider expansion. Separately, CMA CGM will add Iskenderun to a service linking Beirut with Jeddah, Duqm, India, Colombo and Djibouti from Oct. 12, opening another route for regional cargo. Agriculture: Lebanon’s agriculture minister met his Spanish counterpart to discuss cooperation on irrigation, water reuse and agricultural insurance, building on a bilateral agreement signed in February. Regional Outlook: The World Bank expects the Middle East economy to contract 2.1% in 2026 amid the Iran war, a warning for Lebanon as regional conflict and trade disruption weigh on recovery.
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