Author Archives: Executive Staff

Finance Voices – Where’s the regulation?

Finance Voices – Where’s the regulation?

Ziad Maalouf: Senior Vice President of MENA Capital SAL E: Would the Lebanese financial industry benefit from a more stringent regulatory environment? Do you see any realistic opportunities for a more advanced regulatory framework that would contribute to greater investor confidence in 2005? The Lebanese financial sector is in a dismal state today. Investor confidence

Q&A: Fateh Bekdache

E: Is insurance awareness growing in Lebanon? Definitely; for several reasons. The first boost was the introduction of compulsory insurance for expatriates working in Lebanon. Before, there had been many stories about foreign workers having problems. The introduction of this insurance requirement helped not only the ministry and eliminated problems with embassies, but it also

Insurance Voices – Taking the pulse

Walid Genadry: Head of the ministry of economy & trade’s Insurance Control Commission (ICC) E: The supervision of sector companies and implementation of a fair regulatory framework are crucial for the sector and for your mandate as head of the ICC. What are your expectations as far as further improving sector compliance with supervisory requirements

Q&A: Jacques Sarraf

E: The Malia Group reached a milestone with 50 years of industrial production of cosmetics. Where were the challenges you encountered in building an enterprise in the Lebanese environment? Within 50 years, we have undergone three different ages as a group: from 1950 until 1975, from 1975 until 1990, from 1990 until 2004. Each phase

Q&A: Elie Nakhal

E: How many non-Arab tourists are coming to Lebanon? Lebanon has passed through several stages with respect to non-Arab tourists. We had a period of unfortunate events from 1975 to 1990. After that, we tried hard to get non-Arab tourists to come here. Our efforts were not always successful, despite the fact that we invited

Tourism Voices – High flying times

Pierre Achkar: President of the Lebanese Hotel Association and owner of the Printania Palace Hotel in Broummana E: How many hotel rooms will Lebanon be able to offer its visitors by the end of 2005? How many should it be able to offer? What are the requirements for healthy and sustainable hotel industry development in

Real Estate Voices – No alternative to Lebanon

Nabil Gebrael: Chairman of Coldwell Banker Lebanon E: What should be done to achieve a more mature, transparent and regulated residential market? Nowadays, anyone in Lebanon can operate as a broker, which creates confusion and mistrust in the market. I believe in regulating the market through licensing and continuous education. In a regulated industry, real

Q&A:Ineke Botter

Running a mobile telecommunications network in Lebanon has in recent years presented itself as profound challenge, not only in terms of achieving operational excellence but also as quest demanding ultimate skills in diplomacy. With new management contracts for the mobile sector in place since mid 2003, EXECUTIVE ventured into the challenging exercise of asking what

Industry Voices – Light at end of tunnel?

Ramzi Ghosn: Proprietor, Massaya Winery E: Our industry has been forced to seek out new and sustainable export markets and been moderately successful. How can other sectors within the manufacturing or agro-industry replicate this success? To be successful you need a comparative advantage. In the local wine industry, our comparative advantage is the fact that

Telecom Voices – Don’t call us…?

Ghazi Yussuf: Head of the Higher Privatization Council up until the resignation of Prime Minister Rafik Hariri E: Is there a realistic chance for the privatization of cellular assets in 2005? What, in your opinion, are the best and worst case scenarios for the development of the cellular sector in the coming year? There is

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