Leaders articles

Leader in ethics, leader in managing wealth

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)

A 5,000-year opportunity

“This Agreement… aims to strengthen the global response to the threat of climate change, in the context of sustainable development and efforts to eradicate poverty, including by: (a) Holding the increase in the global average temperature to well below 2 °C above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5

Recycling history

We are being governed incompetently. 2015 proved that. Not only did the government’s handling of waste management allow one of the country’s worst environmental disasters to unfold, but it is replicating bad decisions it made nearly 20 years ago. In 1997, the cabinet gave one local company a monopoly on most of the nation’s waste

Jbeil’s power pursuits

In 2010, everything was looking up for Lebanon’s electricity sector. Gebran Bassil, then minister of energy and water, had put forth a master plan that by 2015 would have delivered 24 hours of uninterrupted electricity generated cheaply by clean burning natural gas. The plan, needless to say, did not fully materialize, leaving individual areas to

A rubbish decision

Lebanon has never gotten nation-wide waste management right. In 1971 the government hired a local consultant to help write a plan for treating and disposing of the country’s waste, according to the consultant’s website. While the company declined an interview request, the existence of hundreds of open dumps around the country attest to the fact

Resource wealth buried under paperwork

Another year of waiting has come to pass and yet there is still no movement for Lebanon’s oil and gas sector. Is it a regional conspiracy to prevent the Lebanese government from taking its own decision, or is it the fault of American diplomats, as Speaker of Parliament Nabih Berri claimed in November 2015? Almost

BDL plays government

Banque du Liban (BDL), Lebanon’s central bank, makes a curious claim on its website. Under “Monetary Overview” in the “About Us” section, the bank says that, beginning in 2013, it “resorted to unconventional monetary policy tools to stimulate internal demand and sustain the country’s growth and job creation potential.” Here the bank is referring to

Time to talk it up a notch

Lebanon is at a crossroads. It has been two years since the announcement of Circular 331, and the murmurings of a revitalised golden age brought about by our startup and entrepreneurial system. Whilst it might be too early to speak of the clear tangible benefits to the Lebanese economy, there is obvious traction within the

Rivers of corruption

In late October the streets of Beirut filled with water. A torrential downpour, common for this time of the year, washed the garbage accumulations on various empty lots and roadside spots onto the city’s streets, turning what was solid waste into a disgusting viscous soup. After six weeks of disagreement over the emergency plan, the

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