(Erik Christensen | Wikipedia | CC BY-SA 3.0)

Take the lead

It’s too soon to say whether Lebanon’s potential oil and gas resources are truly a game changer or not. But if the resources might significantly alter the trajectory of the country — its economy, its businesses, its people and their way of life — then Lebanese civil society must vigorously impress values of transparency and

Can transparency mix with Lebanon's oil and gas sector? (Thomas Claveirole | Flickr | CC BY-SA 2.0)

Not just a pipe dream

Even though Lebanon’s first offshore licensing round is on hold indefinitely, each passing month highlights the necessity for transparency and accountability in managing the country’s potential oil and gas resources. When Executive asked questions about the Lebanese firms prequalified to bid for petroleum contracts in its October 2014 issue, it found evidence that Apex Gas

(Paige Powers | Flickr | CC BY 2.0)

Positive shock

Likely due to some well publicized successes, the concept of startup acceleration has spread like wildfire over the past decade. This idea — nurturing nascent innovators for a small slice of the pie — has developed worldwide. Every cluster of startups that considers itself an ecosystem needs at least one accelerator to take itself seriously.

Gilles de Clerck and Romen Mathieu (Greg Demarque | Executive)

It’s hard to enter when you can’t exit

EuroMena is a series of private equity funds managed by Capital Trust Group. The latest fund, EuroMena III, launched in June 2014 and aims to provide financing to fast growing industries in the MENA region. Executive sat down with managing director Romen Mathieu and executive director Gilles de Clerck.   Since we last spoke in

Monisha-Almaza-GM

Growth on tap

Executive met with Monisha Abraham, general manager at Brasserie Almaza, to discuss the business of beer in the country, market share, exports and plans for a new brewery.   You recently came to Beirut to manage Almaza, which is owned by Dutch group Heineken. How long have you been with the Heineken Company? I started working

HST is set to open a flagship store in downtown Beirut (Greg Demarque | Executive)

Holding the middle ground

On the clouded horizon of Lebanese retail in 2015, the next quarter’s biggest bang in fashion retail may well be a new store in the, recently often maligned, Beirut Central District. Come this spring, Hamra Shopping and Trading Company (HST), best known for its retail brand Grand Stores (GS), will open a new retail space

Water-Leader

Politics and public health

Health Minister Wael Abou Faour caused quite a stir by telling the Lebanese they are eating “shit” — his word, not ours. What he failed to do, however, is give any details about the methodology and precise results of tests on food his ministry recently conducted. In short, Abou Faour spread fear, not information. He

Distributors of larger quantities of bottled water number in the hundreds (Greg Demarque | Executive)

A dangerous source

In the dead of a crisp November night, the elite unit of Lebanon’s Internal Security Forces prepared to pounce. Their target? An unlicensed neighborhood water distributor at the southern edge of Beirut’s Hamra district. Acting on a tip from public health minister Wael Abou Faour, the police stormed the distributor’s ad hoc basement factory, shutting

FIN-IPO-Stock-market

How to do an IPO

An initial public offering, or IPO, is a company’s first offering of its equity to public investors; its main objective is for the company to raise capital. It is generally an intensive process that requires a number of regulatory authorizations and processes that may be quite burdensome, as well as the necessity of obtaining professional

Fin Comm Moussa

A sea of small fish

Whether it is mutual funds, hedge funds, private equity funds, managed accounts, individual securities or any other alternative investment, one can safely assume that the needs of high net worth individuals are catered for by both local and international banks and financial institutions. There is a plethora of financial products and services to address the

Fin Intro

Struggling to capitalize

While naturally there are incremental increases to any reputable Lebanese financial service business, 2014 did not see any developments out of the ordinary. The lack of real activity on the capital market front in Lebanon remains a barrier for the financial service industry to properly flourish, though the efforts of the Capital Markets Authority since

As time wears on, Lebanon’s financial sector is yet to flourish

Stunted growth

As Lebanon’s banking sector continues to be as solid as a rock the financial sector is perhaps its deprived younger cousin. However, many financial firms and boutiques do stake it out from their headquarters in the heart of glossy downtown, adding to a space already crowded by investment units of commercial banks and financial advisory

The Troll A oil platform in Vats, Norway (Swinsto 101 | Wikipedia | CC BY 3.0)

Towards energy independence

The dictum ‘the Stone Age did not come to an end because the world ran out of stone’ still rings true. The transition to forms of energy other than oil, gas and coal will happen — and is happening — and therefore will continue to happen in 2015. In fact, 2015 will serve to remind

Countries in the Eastern Mediterranean are exploring ways to monetize and export gas

Floating an idea

The Eastern Mediterranean is a complex environment for gas producers and countries aspiring to become gas exporters in the next few years. Not only do they have to deal with the usual industry challenges, but also with an even tougher factor: geopolitics. A recent report commissioned by the Norwegian government highlights such difficulties by indicating,

O&G intro

Unexplored potential

A political decision is needed in 2015 for Lebanon to begin exploring for offshore oil and gas reserves. Until the government passes decrees delineating the offshore blocks and approving model exploration and production sharing agreements — which have been drafted and ready for debate and approval since early 2013 — we simply will not know

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