Author Archives: Jeremy Arbid

Lebanon’s economy weathers a tough 2016

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

Lebanon’s wildlife villain

In the shade the temperature reached 34 degrees celsius as Executive met Samir Ghattas at Animal City for an interview in early August. “I turned this place into nature,” he said, “the zoo is my baby.” Executive had visited the zoo two weekends prior to this meeting, first posing as tourists in order to photograph

Legislation in progress

Recent news that rival political parties agreed on a vision for Lebanon’s oil and gas sector was met with worried optimism – an over three year wait for pending decrees to move the first offshore licensing round forward may be nearing an end. Until early July it seemed that oil and gas would continue to

Broken financing

From wellness to cherries, at hospitality clusters and beach resorts, Lebanon’s event organizers and business owners outside the capital agree on one thing: municipalities should do more to bolster their economies. While article 49 of law 118/1977 on municipalities says they can plan roads and other public works – projects like playgrounds, hospitals, sewage and

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