Opinion articles

Banking on our self-reliance

The first rule of business ethics is: if you’re not proud enough of your work to talk publicly about it, something must be wrong. That the government once again cancelled a waste management contract without even naming the winner proves something dirty is going on. Worse than the implementation, of course, is the actual plan.

Get your house in order

Alain Saadeh, the lead actor in Film Kteer Kbeer (Very Big Shot), shocked audiences at a domestic awards show on May 28 when he refused the Murex d’Or award. Speaking on behalf of the director and production crew of his film, Saadeh pronounced the Lebanese award show, which recognizes regional players in a variety of

An ode to strength

Last month Lebanon celebrated, on May 25, our liberation and resistance national holiday for the 16th time. The region also marks 100 years of the Sykes-Picot Agreement’s adoption on May 16, which was signed in secret by colonial powers to delineate areas of power in the Near East. We commemorate too that 10 years ago

In need of a new national economic strategy

Our economy is seriously underperforming. While this isn’t a surprise, it still bothers me every single day. I love our banks, but they are only part of the equation for real economic success. We need functioning capital markets, and we needed them yesterday. I love our central bank, but it simply cannot continue being the

A national oil company for Lebanon?

It’s been three years since the nascent oil and gas sector in Lebanon was brought to a complete halt. The relative success of the pre-qualification round in 2013 brought the sector to center stage and contributed to the hype surrounding it. But the pre-qualification round was not followed by a tendering process. Instead, this was

Way beyond cars and football

It means one thing and one thing only when flags of many colors are hoisted on Lebanese balconies: football is imminent. Famed for one of the most consistent and largest shows of fandom for big football nations, the first diehard Lebanese fans of the Nationalmannschaft – a word which the most-watched Arab sport reporters here

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,

Enough brand confusion

I’m confused. Every time we write about the country’s entrepreneurship ecosystem, our researchers and fact checkers conduct extensive investigations in an attempt to once and for all classify central bank circular 331 in the right policy framework. They always come to the same conclusion: it’s an equity guarantee. The whole purpose of this policy instrument

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

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