Author Archives: Thomas Schellen

The Lebanese cybersecurity landscape

The Lebanese cybersecurity landscape

Overall, it is not clear what the local share of the global cybersecurity market – estimated by Gardner at $81 billion in 2016 – is or might be. Estimates and anecdotal evidence suggest, however, that the local market is still small. Salah Rustum, president of local firm Commercial & Industrial Enterprises of Lebanon (CIEL) and

Cyber(in)securities

At the center of the cybersecurity issue in Lebanon resides, as with many issues in this country, an unfortunate and seemingly unmovable constellation. In one corner towers the banking sector as the primary force and primary concern for all things economic and also all things digital. The banking industry, as all the expert voices in

The battle between good and evil goes virtual

The serpent’s tale is a powerful narrative that has captured man’s attention over millennia. The contemporary version of the story goes something like this: the digital garden at first was created as a lush world filled with smart gadgets, useful computer programs, fun games, social networks and great business opportunities. People were delighted with these

Roundup of numbers and sentiments

After a long and depressing dry spell that made local markets yearn for fresh investments, the Lebanese investment climate is looking up, says Jamil Koudim, the head of the asset management team at Beirut-based Banque Libano-Française (BLF). He presides over a family whose offspring has just doubled from a single fund to two. After the

Interview with a public servant

As part of our quest for highlighting possible future avenues of progress in the Lebanese Republic, Executive discussed the issue and importance of the 2017 budget with Alain Bifani, director general at the Ministry of Finance. In the course of the interview, the general director also commented on the systemic aspects of the public administration’s

Putting meat on the skeleton of the state

Walking through the center of Beirut, Nejmeh Square, to the steps leading up to the Lebanese Ministry of Finance (MoF) is even more eerie today than it was 19 years ago. Back then, Downtown was still riddled with brokenness – with scarred streets and uninhabitable buildings that showed the results of the years of conflict.

Real risks and fake pathos

It is a funny thing with collective risk awareness. Human existence is full of perpetual risk, but our awareness of various risks differ. Even if different risks are equal in frequency and magnitude, some are perceived emotionally and with great and immediate personal involvement, while others only in intellectual terms, distanced from one’s existential core.

A frank, but hopeful, view

Executive spoke with German Ambassador Martin Huth to follow up on Germany’s aid commitment to Lebanon, the development of bilateral economic relations in 2016 and to chart expectations for 2017. E   How much of the money pledged in conferences in the beginning of the year did Germany contribute to humanitarian and development needs of

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