Author Archives: Yasser Akkaoui

Mother Lebanon

Beirut is depicted as a woman by many renowned artists, like Palestinian cartoonist Naji al-Ali, who—during the 1982 Israeli invasion—drew a caricature of his iconic character Handala offering a flower through a hole in the wall to a woman that he named Beirut. She is the patient carrier of our painful history, she is the

CA Indosuez Wealth Management

Executive sat down with Jean François Deroche chief executive officer of Indosuez, the wealth management arm at Crédit Agricole’s S.A. (CASA), and François Farjallah global head of the Middle East and Africa for Indosuez. In a November 2017 interview, the pair discussed Indosuez and CASA’s governance, international investments, and presence in the Middle East. E

A tale of two worlds

Lebanon’s election season has begun. With it comes hatred, spite, segregation, animosity, and the most vicious deception imaginable. Desperate to sway votes in their favor, our narrow-minded politicians have one strategy in their playbook: isolate and manipulate. Playing on ignorance and fear, they further divide our already fraught communities. Last month we witnessed just how

Enough empty promises

Their crimes must not be forgiven again. For 11 years, Lebanese politicians spent some $130 billion without an audit. To pass the 2017 budget, our lawmakers defied the constitution by promising the audit will come next year instead of now. I’m not holding my breath. Let’s not lie to ourselves: Audits can be manipulated. We

McLaren lands in beirut

September saw the launch of the supercar brand McLaren in the local market with a new showroom in Downtown’s 3 Beirut complex, with its vehicles on sale for the first time in the country. Executive sat down with Chief Executive Officer of McLaren Automotive Mike Flewitt to talk about the relatively young brand and their

License to steal

The Ottomans taught us too well. In exchange for a minimum level of freedom, the rulers of the Empire empowered (and armed) local leaders and tasked them with collecting taxes. Policy makers and stability maintaining were the domain of the central government in Constantinople. This worked brilliantly for the Empire, but in the case of

Absent leadership

The new taxes that were finally codified into law late last month have me seriously worried. Not only about the taxes themselves, but the way the issue was handled, and what it suggests. Only upon publication in the Official Gazette was the detailed list of new tax measures made public. It was too late for

Growing pains

As they campaign for re-election, our politicians are trying to capitalize on the economic mess we’re in, which they created. We need growth, the leaders of various parties keep insisting. We need jobs. We need support for the youth. Seriously? Do they have a target based on a comprehensive economic policy? Have they devised key

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