Author Archives: Thomas Schellen

The impact of the refugee crisis on the Lebanese healthcare system

The impact of the refugee crisis on the Lebanese healthcare system

Many column inches have been dedicated to the Syrian conflict and the resultant refugee crisis, the  impact of which has been particularly felt in neighboring countries like Lebanon. Less acknowledged but deserving of recognition is the shocking reality that Lebanon’s healthcare system has performed with surprising efficacy in coping with this crisis. The much-maligned and

A look into Lebanon’s healthcare

Health encapsulates economic activity that amounts to trillions of dollars by the—in this context crude—methodology of collating production of goods and services as gross domestic product (GDP). The Global Health Observatory of the World Health Organization (WHO) puts the world’s expenditure on health at $7.2 trillion (2015 estimate), or 10 percent of the world’s GDP.

Promoting peace in the Mideast

Executive sat with Matahiro Yamaguchi, Japan’s ambassador to Lebanon, to discuss the country’s humanitarian aid to Lebanon, April’s CEDRE infrastructure investment conference, and prospects for peaceful resolutions to the region’s conflagrations. E   The Japanese Embassy is now funding a United Nations Industrial Development Organization (UNIDO)-designed project targeting job creation, productivity gains, and market access

New infrastructure for education and research

To say that infrastructure is a hot topic in Lebanon is quite the understatement. As infrastructure deficiencies loom large and many new initiatives to implement necessary projects are, realistically, still months or even years away, it is good news that an oft-overlooked need for an academic research and communication network is moving gradually toward fulfillment—with

The essential view

Executive sat down with Riad Salameh, the governer of Banque du Liban (BDL) to discuss the prospects for the country’s GDP, the role of the central bank, and the external and internal challenges that lie ahead. E   Thank you for sitting down with Executive at this crucial time for Lebanon. I understand that you

IT in banking

Some business success stories surprise like new gourmet recipes. It occasionally happens that culinary innovations start with ingredients which by and in themselves do not appeal to everyone as superb delights for the senses—for example liverwurst and artichokes, or Brussels sprouts and tofu—but make a winning dish when combined. Likewise, hardcore banking and software development

Strongest linkage or missing links?

The list of infrastructure needs is long, yet the wish list of these projects for Lebanon is still very rough, and as Executive noted last month, looks methodologically as messy as a disorganized teenager’s room waiting for an encounter with neatness. As the projects in the vast national infrastructure file may contain some old and

News on the house of Saradar

Over the past three to four years, Saradar Bank was being developed as a universal bank with a full range of services in corporate, private, and retail banking. The process was aimed at engineering one differentiated banking entity out of two smaller banks, Near East Commercial Bank and Banque de l’Industrie et du Travail. Although,

Buoyed by banks

The relationship between the Lebanese economy and its banks is not quite as simple as the numbers suggest. Banking aggregates are improving every year. But the economy in Lebanon cannot be assumed to be sturdy just because the banking sector is jogging on and on. There are far too many risks and alarm signals on

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