Anastasiades wins Cyprus presidential vote

Right-wing leader Nicos Anastasiades has won the presidential election in Cyprus with 51 per cent of the vote, exit polls show. The polls gave 66-year-old Disy party leader Anastasiades 51.1 per cent, well ahead of main challenger Stavros Malas, 45, a British-educated independent backed by the AKEL communist party, who won 27.3  %.

Lebanon to begin oil, gas exploration in 2015

Energy Minister Gibran Bassil says Lebanon will begin oil and gas exploration within two years. Bassil spoke on Friday while launching a pre-qualification process for companies that want to get licenses for oil and gas work off the Lebanese coast. “The deadline for submitting applications will be on March 28

440 to 675 mil. barrels of oil reserves off coast of Lebanon

French consultant Beicip Franlab published a report in which it estimates the reserve potential offshore Lebanon at 440 million-675 million barrels of oil and 15 trillion cubic feet of gas, according to UPI. The new oil reserves were found off Lebanon’s northern maritime boundary with Cyprus and Syria,

US:Threat from Hezbollah now highest in 20 years

US security officials have warned that the terrorist threat from Hezbollah is at its highest level for 20 years. Western intelligence agencies believe that the Lebanese group is now more active overseas than at any time since the early 1990s, with attacks planned

MP Saad: Bulgaria’s accusation reveals Hezbollah ‘s agenda

Lebanese MP Fouad Saad told the al Jamhouriya newspaper ,that the Bulgarian accusation against Hezbollah over the bus bombing reveals the real part agenda which is threatening day after day the interests of Lebanon. He added: The economic relations with Bulgaria are well developed and Hezbollah’s role in the incident will have a negative effect […]

Cyprus, Lebanon agree to boost oil, gas cooperation

Cyprus and Lebanon agreed to boost cooperation and look into ways to explore gas and oil in their waters, President Michel Sleiman said Thursday. “We have given the issue of the gas and oil available in our water top priority and agreed to increase cooperation to agree on principles and sound means that would allow […]