Author Archives: Jeremy Arbid

Turning a passion into a business

Turning a passion into a business

Beirutis often think that Gemmayze is solely a place to relax or catch a late night drink after a long day at the office. But if revellers walked around this affluent Achrafieh residential district during daylight hours, they would find one of Lebanon’s finest custom furniture designers tucked away in the back streets of the

Mixing oil and insurance

Not even a political shutdown of the oil and gas file can discourage Lebanese insurers from preparing for this industry — they, after all, do know a thing or two about risk. But as local insurers gathered at a June conference to discuss the finer points of oil and gas indemnity, a lack of consensus

Church and state

Earlier this year, Executive started an investigation into an expansion project at the Port of Beirut (POB) aimed at enhancing capabilities and readying Lebanon’s primary port for future competition. The plan was to create a multi-purpose terminal — at a cost of $129 million — building a new quay to accommodate larger seafaring vessels and

Striking a balance

“This law is a step aimed at achieving justice, and after 30 years without a law this step has become necessary and inevitable,” said MP Robert Ghanem, chair of the Parliament’s Administration and Justice Committee, according to the minutes of April’s rent law meeting. The committee had met to amend the law after the Constitutional

Walking towards the light

Instead of hoping for good political news in Lebanon today, property hunters should just trust their fortunes. The country is much more stable than it looks, and smart money has every chance to find good real estate buys. At the same time, there are few bright spots for sellers. The uncertainty in the upper end

No money mo’ problems

Less than 50 percent of the funding needed to help Syrian refugees in 2015 was pledged at the third Kuwait donor conference in late March. The concern is that the dismal response to the pledge drive will further erode the basic life services refugees receive, while need continues to increase as humanitarian aid dwindles. Lebanon,

Holy waters

The Beirut Port is thriving, the Port Authority’s director Hassan Kraytem, tells Executive from his panoramic office overlooking the shipyard. Its success — the port transferred nearly $55 million of its profits to the treasury in 2014 according to data from the Finance Ministry — is largely due to its growth into a transshipment hub

Waiting for (re)forms

Note: On April 2, 2015, the Ministry of Public Health announced that Minister Wael Abou Faour had issued a decision to adopt the final form of the unified prescription and to begin printing the new forms immediately, stipulating that use of the new forms will be obligatory starting June 1, 2015. [pullquote]The new regulation might encourage greater

Misplaced blame

For many Lebanese, from government ministers to taxi drivers, the cause of the country’s economic downturn is clear: 1.16 million Syrian refugees. While a population increase of more than 25 percent has certainly strained infrastructure and further challenged the state’s ability to provide basic services, the notion that the refugees are directly responsible for sluggish