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Who Will Fix the Electricity Sector in Lebanon?

With the bombing of power stations by Israel mixed with internal political wrangling and corruption, Lebanon’s electricity woes are still impeding great growth potentials

All those who worked closely with Prime Minister Saad Hariri in Saudi Arabia when he ran his father’s business empire say the young man loves challenging missions.

For this reason Saad succeeded in doubling the fortune of Saudi Oger and even expanded his business to the Middle East, Europe and Africa.

But the premier, who managed to win the hearts and minds of even his die hard opponents in Lebanon, realize that his efforts to bail out Lebanon from its various economic problems will...

Growing GCC Electricity Demand Poses Future Challenges, Moody's Report

Large investments will be required to ensure the continuity of power to the Arabian Gulf region due to growing electricity demand, says Moody's Investors Service in a new Special Comment, entitled 'Arabian Gulf Electricity Industry'.Unprecedented economic and demographic growth is creating a strain on power supplies in the region.

Philipp Lotter, Senior Vice President at Moody's Middle East Limited in Dubai (DIFC), says:

'Moody's believes that these exceptional growth trends are likely to challenge local utilities, which will need to install significant additional capacity to meet...