Author Archives: Executive Staff

Q&A: Jean Riachi

Q&A: Jean Riachi

E: What is the core requirement for a financial company to be successful in Beirut? In general, for a financial company to be successful, it has to be focused on its lines of business and on its friends. When you are in Beirut, you need to compete with local competition but also with foreign competition.

Q&A:Ineke Botter

Running a mobile telecommunications network in Lebanon has in recent years presented itself as profound challenge, not only in terms of achieving operational excellence but also as quest demanding ultimate skills in diplomacy. With new management contracts for the mobile sector in place since mid 2003, EXECUTIVE ventured into the challenging exercise of asking what

Finance Voices – Where’s the regulation?

Ziad Maalouf: Senior Vice President of MENA Capital SAL E: Would the Lebanese financial industry benefit from a more stringent regulatory environment? Do you see any realistic opportunities for a more advanced regulatory framework that would contribute to greater investor confidence in 2005? The Lebanese financial sector is in a dismal state today. Investor confidence

Telecom Voices – Don’t call us…?

Ghazi Yussuf: Head of the Higher Privatization Council up until the resignation of Prime Minister Rafik Hariri E: Is there a realistic chance for the privatization of cellular assets in 2005? What, in your opinion, are the best and worst case scenarios for the development of the cellular sector in the coming year? There is

Q&A: Fateh Bekdache

E: Is insurance awareness growing in Lebanon? Definitely; for several reasons. The first boost was the introduction of compulsory insurance for expatriates working in Lebanon. Before, there had been many stories about foreign workers having problems. The introduction of this insurance requirement helped not only the ministry and eliminated problems with embassies, but it also

Insurance Voices – Taking the pulse

Walid Genadry: Head of the ministry of economy & trade’s Insurance Control Commission (ICC) E: The supervision of sector companies and implementation of a fair regulatory framework are crucial for the sector and for your mandate as head of the ICC. What are your expectations as far as further improving sector compliance with supervisory requirements

Q&A: Georges Corm

Despite regional instability, a soaring public debt and the threat of international sanctions under UN Resolution 1559, the Lebanese economy experienced its strongest growth in seven years, largely due to a record number of tourists, increased exports and vigorous real estate activity. Yet, according to Georges Corm, the key to sustainable economic growth and greater

Economy Voices – Reform Horoscope

Joey Ghaleb: Economist at the ministry of economy and trade E: How could the Lebanese Government give new impulses to the economy through public spending in 2005? Although “Paris II” may be long forgotten, the Lebanese must keep reminding themselves that soothing political sound bites do not pay the bill. Major structural reforms do and

A proud Trading tradition

I taught you value of information and how to get it,” yelled Gordon Gecco (Michael Douglas) to Bud Fox (Charlie Sheen) in the iconic 1980s movie Wall Street. Those few words constitute the whole vortex around which the movie is predicated. And while insider trading is a major felony in developed securities markets, it is

Q&A: Ali Abdallah

E: What was the ministry’s strategy in 2003? AA: This year should see a robust and energetic campaign to promote the Lebanese tourist industry, especially in light of the encouraging figures that were recorded in 2003. Not since 1974, 20 years ago, have we seen over one million visitors and the business that was generated

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