Economics & Policy articles

The administration’s missing cogs

The administration’s missing cogs

Try driving an aged Mercedes 280 of W123 vintage all the way from Tyre to Tripoli with a faulty gearbox or without a fan belt. Possible? It might be. Temporary fixes such as a pair of tights have been famously used to keep many old engines running when the fan belt has been destroyed. A

A roadmap for the first licensing round

On January 4 2017, the Lebanese government approved what many observers have been waiting for since March 2013: two oil and gas decrees, without which the country’s first licensing round could not proceed. One delineated offshore blocks, another detailed the model exploration and production agreement and set out the tender protocol. To signal its determination,

How to have a fair election

The goal of any electoral law in a representative democracy is fair and accurate representation. Many people in the country have argued that even with parliamentary seats divided among the country’s different religious groups, Lebanon has not done well in achieving this fair and accurate representation with its own electoral laws. A long-standing allegation against

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

It is all possible

Beirut, December 2026. For the second year in a row, the number of tourists visiting Lebanon has topped 3 million. They are lured by the country’s historical sites, great food and social scene, as well as by their curiosity to experience the multicultural milieu that makes Lebanon such a unique place, not only for the

A retrospective

It is understandable that Freddie Baz, the chief strategist of Lebanon’s largest bank, Bank Audi, presented a divergent view from the central bank’s narrative explaining the latter’s financial engineering (see story and infographic). Whereas the analysis picture drawn by Banque du Liban (BDL) focused on the very positive impacts of this quantitative easing measure, Baz

Limited reset

For relations between the UK and the European Union, 2016 was a year of total reboot. Half a year after the historic Brexit vote, details of what the actual Brexit deal will be are still unclear. However, with little impact on the relations between the UK and Lebanon, Her Majesty Queen Elizabeth II’s ambassador is

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