Leaders articles

Taxation without representation

Taxation without representation

For 12 years running, Lebanon has been without a budget. This does not mean the state hasn’t been collecting revenue and spending it. Rather, it means there have been no clear-cut priorities, nor a strategic vision guiding how the government manages taxing and spending. During the past five years, the problem of finding revenue to

Stonewalled

Executive didn’t get past security at the Grand Serail. It was March 3. The access to information law was just over a month old, and we were barking excitedly, unsure if whether we were even in front of the right tree. In hand were requests for minutes of cabinet meetings. We were hoping to reach

An industry-wide upgrade

Times of change and upgrades of operating systems are confusing events, or, in today’s economic lingo, disruptive. Few things can be more disruptive than the abrupt upgrade of a whole industry to a higher level, forcing it into new ways of doing business and, inevitably, altering its whole identity in the process. That’s what’s currently

Rare opportunity

Lebanon just got a new tool to promote government transparency and accountability, as well as prevent and fight corruption. Entering into force in February 2017, a new access to information law allows anyone to request specific information from virtually all government entities. From doctors needing public health data, researchers looking for economic and social indicators,

Protect us from the modern plague

When modernity was sending out its first rays of thought in the Enlightenment Age, thinker Thomas Hobbes wrote speculatively that the natural state of man is “war of all against all.” Overcoming the universal conflict to him was the central historical argument for the formation of states. Captivating and influential as his frightful idea of

Dashing our hopes for reform

Back in 2013, Parliament extended its own mandate in part to allow it more time to agree on a fair and representative electoral law. Instead of spending four years working toward this goal, the legislature did very little with the four extra years in office it granted itself. From the second the ink dried on

Not just the apps

There’s cross pollination potential being missed in a certain Lebanese ecosystem. Nowadays, everywhere you look there’s a link between technology and entrepreneurship that seems to suggest the latter is only possible if it incorporates the latest advances in the former. This is a global trend, and it’s driven by the market. Remember, a street vendor

Getting competitive

Policy initiatives work best when they come as a full package. Seeking to elevate Lebanon’s knowledge economy from a struggling local sector to a world-class hub for entrepreneurship, in 2013 the central bank stepped outside of its monetary policy role by passing circular 331. The decision allows local banks to invest directly in startup companies

A small matter of perspective

From the position of Lebanon’s Capital Markets Authority, the world is a garden of well-tended and super-fragrant roses, especially in regard to its own achievements. Thanks to the CMA’s regulatory progress, financial markets should finally start growing to the benefit of Lebanon if all stakeholders would just close ranks and stand shoulder to shoulder with

Health kick

As parents, we often struggle to keep our children fit and healthy in the consumer society we live in. We do our best to feed them nutritious meals and educate them on the importance of healthy eating habits, yet temptations are everywhere and frequently make a mockery of our best efforts. From TV campaigns and

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