Special Report articles

Fewer people to play for

Fewer people to play for

Every summer, people flock to the towns and remote areas of Lebanon for the festivals. Local residents anticipate those events for the publicity they bring to the area and for the obvious economic benefits to the restaurants and hotels there. This year, however, was not like the last. Ehdeniyat International Festival, Ehden’s annual summer festival,

Pandering to the penny pinchers

The vitality of Lebanon’s economy is intrinsically linked to the annual influx of tourists laden with their foreign coin. It is little surprise then that the vagaries of this temperamental sector play a large role in determining the national mood. And yet while income from the tourism trade roughly constitutes a fifth to a third

Where did everyone go?

With the electricity more off than on, it has been a hot, yet so far quiet summer. No waves of swaying black abayas in ABC and while Beirut’s hotels would normally be fully booked, a room these days is easy to find, often against bargain prices. A quick Internet search shows that a five-star Saturday

Bechara el-Khoury & Mustapha el-Solh

The relationship between the principality of Monaco and Lebanon started developing from the independence of Lebanon under the rule of Bechara el-Khoury, Lebanon’s first president and Riad el-Solh, Lebanon’s first prime minister. Today, Lebanon’s consul in Monaco is Mustapha el-Solh, the great grand nephew of the first prime minister and Monaco’s consul in Lebanon is

The East floats into town

It is early May and the famous Place du Casino — wherein lies one of the world’s oldest gambling houses, the renowned Monte Carlo Casino — is overflowing with tourists.  Californias, 911s  and Continental GTs line the casino entrance for tourists to gawk over and take the cliché Monte Carlo postcard shot beside overpriced luxurious

Monaco’s book balancer

The principality of Monaco, renowned for its glamour, its “beautiful people”, its Grand Prix and its luxurious yachts, also boasts the highest gross national income per capita in the world — some $197,460, according to 2010 World Bank estimates. To better understand the dynamics behind this economic model, Executive travels to the city state in

Developing the ideal at home

The last century heralded a dramatic upsurge in healthcare costs in Lebanon. An aging population, the transformation of acute diseases to chronic ones and the innovation gap in pharmaceutical drug discovery despite increased funding for research have all contributed to the ‘healthcare cost crisis’. Lebanon is particularly vulnerable to this crisis given its unstable and