Leaders articles

Insuring a healthy economy

Insuring a healthy economy

Insurance is good for an economy. It is as simple as that. By being insured, that is by dedicating between 3 and 10 percent of their gross domestic product to financial care and protection of life, economic stakeholders in developed countries globally manage risk and prepare for problems arising in any situation – from earthquakes,

A sector worth saving

“Pity the nation that eats a bread it does not harvest,” wrote Gebran Khalil Gebran back in 1934. Lebanon, which today imports up to 80 percent of its food needs (according to a yet to be published report prepared for ESCWA,) is far from harvesting its own bread and is in dire need of redesigning

Education is key

No woman should have to take it. Sexual harassment is one of the many prevalent issues Lebanon has yet to solve. Not only is it not reprimanded by the Penal Code, but sexual harassment is the product of socially reproduced gender discrimination indoctrinated through education or lack thereof, so much so that it has become

Spinning circles

Lebanon is in a sticky situation. The Hezbollah International Financing Prevention Act (HIFPA), a United States law targeting Hezbollah, places Lebanon between Hezbollah and a loaded gun. It is the latest fire encroaching on the Lebanese economic house and comes on top of domestic catastrophes, such as the garbage and political crises, as well as

Improving the economies of words

In the beginning of human expression, technically speaking, there was the pictogram. The marriage of image and meaning, irrespective of the degree of abstraction involved, is how communication can be kept “on record”. Where glances and body language cannot be preserved without comparatively extensive technology, words and pictures codify human history. In this sense, it

A magazine to be proud of

There’s plenty we’re proud of after 200 issues of publication. We’ve worked with hundreds of talented people and have honored a commitment made in our first editorial from September 1998 to provide high quality business reporting in Lebanon. In that editorial, we noted, “This issue is our first step in playing a part in Lebanon’s

Lebanon’s flawed acquiescence

Sometimes it’s good to learn from history. It was the year 1075 and the Holy Roman Empire, ruled by German king Henry IV, stretched over much of central Europe. As ruler of the Empire it was Henry IV’s divine right to ordain bishops and other clergymen, an authority that the new pope Gregory VII, a

Rehabilitation first

The opening crawl of the movie “Reefer Madness” served as a morality tale to parents of the Silent Generation: “…the new drug menace is destroying the youth of America in alarmingly increasing numbers. Marihuana [sic] is that drug – a violent narcotic – an unspeakable scourge – The Real Public Enemy Number One!” The narrative

Leader in ethics, leader in managing wealth

Absolute discretion; the strength of character that engenders trust; the emotional intelligence that enables one to gauge a client’s needs, wants and insecurities; and a keen financial mind. Such are qualities that distinguish a top private banker. These qualities, or at least their appearance, have for eight centuries opened the doors of the wealthy and

The ABCs of the 123s

Finance is a complicated topic to understand. The jargon and math don’t help. Top employees of Lebanese lending institutions have admitted to Executive that even some bankers cannot define an annual percentage rate (APR). Look it up on Wikipedia, and you’ll no doubt be researching more new terms (such as nominal APR and effective APR)

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