Banking & Finance articles

PCH: An explainer

The housing loans that commercial banks offer with the support of the Public Corporation for Housing (PCH), colloquially known as Iskan loans or PCH loans, are engineered according to a smart financing formula that is advantageous for borrowers but nothing short of complicated. When a first time home buyer with Lebanese nationality and residency has

A place all their own

So that every family may own a home. This, according to the chair-director general of Lebanon’s Public Corporation for Housing (PCH), Rony Lahoud, is the overarching idea under which the understaffed government agency pursues its mission of examining an endless stream of loan applications from Lebanese citizens. “It is hard work, but it’s amazing at

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

Tales from the sea

This article is part of an ongoing investigation on Beirut’s coast, from Raouche to Ramlet al-Baida. You can find the other articles here. *** It was 5 a.m. on Saturday May 2 when around 150 police officers descended on Dalieh. “I was there when they came,” Mohammad Itani tells Executive, speaking from outside the pile

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

SkyBar on fire

In the early morning hours of Thursday, May 28, the famed rooftop club SkyBar was hit by a fire that destroyed three quarters of the venue and caused severe material damage, according to its general manager Paul Aoun. “While it is too soon to assess the exact amount of the damage, we estimate it to

Sporting design

Stadiums, like other large public meeting areas, do not exist separate from their surroundings. They form an integral part of the landscape, influencing not just the look and feel of an area, but also how individuals interact with it. Executive looks at two stadiums — both past their prime — that display contrasting approaches to the use