A few days ago, the European Commission and the European Investment Fund (EIF) announced a €40 million investment deal with Keen’s European Defence and Security Tech Fund — a pioneering…

Lebanon has approved the agreement on the delimitation of the maritime borders with Israel, which paves the way for the exploitation of hydrocarbon deposits, announced the President of Lebanon, Michel Aoun.
The Lebanese President emphasized that the agreement will bring stability to both sides of the border, although he noted that “it does not signal any type of normalization of relations.”
The agreement would allow the extraction and joint exploitation of natural gas fields in the waters between Lebanon and Israel, de-escalate military tensions on the two states’ land borders, and provide a vital source of revenue to Lebanon’s collapsing economy.
The pact, which had to be approved by Lebanon’s parliament and the cabinet in Jerusalem, was hailed as a historic development by political leaders in Beirut and Tel Aviv.
Israeli Prime Minister, Yair Lapid, said on Tuesday that it is an achievement of historic importance, which will strengthen Israel’s security, bring billions to its national economy, and guarantee stability on its northern border.
The agreement covers only the maritime border between the two countries and not the disputed land border, which has been policed by a UN peacekeeping force for more than four decades. The delimitation of maritime borders has proved equally difficult, particularly after the discovery of significant natural gas reserves.
Israel is already exploiting the field, having placed buoys to delimit an informal maritime border. Beirut had initially condemned this move by Israel as a unilateral provocation, only to back down two weeks ago.
Resolving the crisis was a priority for the Biden administration, with the US President’s special envoy, Amos Hockstein, elaborating and presenting a plan for the access of the two countries to the territorial waters.
With information from: AP, REUTERS, AFP, APA MPA
Also read: Israel – Lebanon | Dispute over Energean’s presence in the disputed “Karish” field
READ MORE
SAFE | Unanimous Approval, Safeguards and Clauses for Turkey’s Participation
The EU’s General Affairs Council today gave the final green light to the creation of the new ‘SAFE’ financial instrument, which will provide loans of €150 billion for common investments in European defence.
United Kingdom | Hands Sovereignty of the Chagos Islands to Mauritius
The UK has signed an agreement to cede control of the disputed Chagos Islands to Mauritius, with Westminster stating that the deal safeguards the future of…
Denmark | Trial of Voyager Surveillance USVs in the North and Baltic Seas
Denmark has recently deployed two unmanned surface vessels (USVs), developed and operated by a U.S. company, to enhance surveillance efforts in the Baltic Sea and North Sea.
ALTUS LSA | Included in the List of the Top 100 Drone Defence Companies of 2025
The Defense Post has recently unveiled its definitive list of the Top 100 Companies Advancing Drone Technology, with Altus LSA proudly representing…
Lockheed Martin – KAI | Expansion of Strategic Relationship
Lockheed Martin and Korea Aerospace Industries (KAI) signed a Memorandum of Understanding (MoU) at the 2025 Paris Air Show on 17 June, to…
RTX, Kongsberg, and Norway Showcase Ghosteye Radar at Paris Air Show 2025
Raytheon, a business of RTX (NYSE: RTX), in collaboration with the Norwegian government and Kongsberg Defence and Aerospace, has announced…
Rheinmetall – Anduril Industries | Strategic Partnership to Co-Develop and Deliver a Suite of Autonomous Systems
Rheinmetall and Anduril Industries have announced a strategic partnership to jointly develop and deliver a comprehensive suite of autonomous systems.
MBDA | One-Way Effector Designed to Saturate Enemy’s Air Defence
At the 2025 Paris Air Show, MBDA is unveiling its One-Way Effector.