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Bassil is requesting $5 billion to boost power production from 1,500 MW to 4,000 MW.
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Bassil denies Energy Ministry to blame for budget delay
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Minister of Energy and Water Jibran Bassil responded on Wednesday to the Finance Ministry and its accusations that his ministry was a month late in submitting its budget.
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European firms in China urge level playing field
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European companies in China on Thursday called for greater market access and a level playing field with Chinese rivals amid growing frustration among foreign firms over perceived unfair treatment.
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US auto sales plummet in August
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The embattled US auto sector recorded one of its worst months on record in August, as General Motors, Ford and Toyota all saw American sales tumble.
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