Author Archives: Maya Sioufi

The art of banking

The art of banking

As Raymond Audi, chairman of Bank Audi, Lebanon’s largest bank, walked me through the four floors of their headquarters in Downtown Beirut, I would have thought I was in a major contemporary art gallery were it not for the bankers conducting their daily activities. Banks across the world are building art collections and multi-million dollar

Bringing detox to Beirut

Company: Qi Juices Country: Lebanon Industry: Food and Beverage Founders: Leila Fakih Nashabe and Hana Alireza Established in: 2012 Number of employees: 7 Revenues last year: Expected revenues of $100,000 in 2013 Capital raised: Kafalat loan of $114,000   Beyonce, Oprah and Gwyneth Paltrow have all done detox diets to shed a few pounds and

Banks fleeing the storm

Lebanese bankers are sailing off to foreign shores to generate growth in profits as turbulence rattles their home country and cripples their neighbours next door. The blood being spilled in Syria is rising daily with no end in sight. The repercussions on government-less Lebanon go beyond an economic suffocation as violent clashes have again taken

Investment ideas: June 2013

The Standard and Poor’s 500 Index reached an all-time high last month, surging past its previous record reached in October 2007. It was up 11 percent as of April 25 as investors continue to deploy cash in risky asset classes. The key market concerns have not abated though: the European sovereign debt crisis is still

Waiting for life

Twenty-one-year-old Peter Dagher has a rare type of leukemia, a form of blood cancer, and he needs a donor of hematopoietic stem cells (often referred to as bone marrow) for the treatment of his life-threatening disease. Members of his family don’t match and nor do his friends, and Lebanon does not have a national registry

‘Corporate governance helps companies grow’

The need for proper governance is perhaps the paramount lesson of the 2008 financial crisis — one the regulators worldwide are now trying to address to prevent a repeat. Ludo Van der Heyden, a corporate governance and strategy professor at INSEAD business school, gave a talk on the subject at the American University of Beirut

More than just your mailman

Where else can I renew my Lebanese passport, pay my cellphone bills, pay that parking ticket from the time I was late to a meeting, and send my brother in London the pair of shoes he left at home? LibanPost, Lebanon’s postal service operator, does more than just drop letters in mailboxes. With 82 post

Revisiting the Trans-Arabian Pipeline

In the midst of all the chatter around Lebanon’s new potential oil and gas reserves offshore, an art exhibition in Karantina’s Sfeir-Semler Gallery reminds us of an era when Lebanon was a major player  in the region’s black gold. Titled “The Shortest Distance Between Two Points”, Lebanese artist Rayyane Tabet’s exhibition tells the history of

Investment ideas: May 2013

The Standard and Poor’s 500 Index reached an all-time high last month, surging past its previous record reached in October 2007. It was up 11 percent as of April 25 as investors continue to deploy cash in risky asset classes. The key market concerns have not abated though: the European sovereign debt crisis is still

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