Lebanon
Oil price may rebound 50% in 2016
The latest forecast indicates 50 percent rebound in oil prices by the end of 2016. The oil price could be higher by $15 per barrel this year taking the New York crude to $46 a barrel by fourth quarter and Brent to $48 during the same period. The drop in US shale output is likely to drive oil price up in the second half of 2016.
UN needs $500-mln fund requirement for Syrian children education
The United Nations (UN) has received funding of $250million and needs additional $500 million for education programs for over one million Syrian children. Gordon Brown, the former UK Prime Minister and UN envoy for global education, is committed to mobilize money in next month. Brown has decided to raise money from the World Economic Forum (WEF) in Davos and other international conferences.
World Bank plans help for regions in Iraq recaptured from Islamic State
The World Bank is seeking to finance development projects in areas in Iraq that the government has recaptured from Islamic State militants, its regional vice president said.
French publisher Webedia adds Lebanese digital media firm Diwanee
Paris, France-based digital publishing firm Webedia added Lebanon-based digital media firm Diwanee for an undisclosed amount to help the latter reach out to women in the Middle East.
