Author Archives: Jeremy Arbid

A step toward transparency

A step toward transparency

After nearly a decade of preparation and debate, Lebanon’s Parliament finally ratified an access to information law in January. The country is consistently perceived as corrupt, according to global watchdog Transparency International, and Lebanon does not rate highly on the World Bank’s ease of doing business index. Enforcement of this new law might, over time,

Shedding light on a black market

This past November Lebanese authorities disrupted a smuggling operation that had evaded detection for over a decade. The items trafficked were mobile phones to the tune of 2.5 million devices valued at some $45 million during the network’s lifespan, local media reported. The trafficking network’s alleged mastermind? Kamel Amhaz. The name might sound familiar. Just

Italy hopes to expand strategically

For the Italian government, supporting Lebanese manufacturing has long been seen as a key to economic stability and growth. In the last year, Italy financed a feasibility study for the creation of new industrial zones and agreed to fund new infrastructure upgrades supporting the sector. Executive visited the embassy to find out more. E  

Regional instability harms Lebanese exports

The year 2016 was a difficult one for Lebanon’s manufacturing and agriculture sectors. Exports have been one of the clearest indicators of the challenges the sectors have faced and, in general, of Lebanon’s depressed economy – largely due to the war in neighboring Syria, a conflict that has cut Lebanon off from its larger trading

Outlook brightens for renewables

Renewables are the energy source of the future. Not too many years back it was hard to conceive that the sun’s rays could be harnessed into electricity – those what-will-the-future-look-like Laserdisc videos students were forced to watch when the substitute teacher covered 8th grade Life Science just didn’t seem that realistic. While planet earth may

Lebanon’s economy weathers a tough 2016

If there is one resolution Lebanon can commit to this coming new year, it is making good on the opportunity for a fresh start, to restart government institutions and implement sound policies that will guide the country toward a more promising future. A sputtering Lebanese economy, exasperated by a disruption in regional trading due to

Lack of consumer confidence affecting demand

Fewer new cars will drive onto Lebanon’s streets in 2016 as sales declined slightly from last year. A slower market and tighter profit margins for car dealers have worried some but, like many watchers of the country’s economy, they hope that an election of a president at the end of October will boost consumer confidence,

Rocky relations

Just a few years ago Lebanese banks were apprehensively awaiting regulations they expected would impact business. These arrived with the United States’ introduction of the Foreign Account Tax Compliance Act (FATCA), alongside international standards for anti-money laundering and counter-terrorism financing (AML/CTF), as well as the implementation of Basel 3 regulations – a framework for basically

It’s not easy being green

While the climate change agreement at Kyoto took nearly a decade to achieve binding status for ratifying countries, l’Accord de Paris (nearly) accomplished this feat in a mere 10 months. As Executive goes to print, 61 countries have adopted the Paris Agreement, covering some 48 percent of global carbon dioxide (CO2) emissions, as the one-year

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