Author Archives: Jeremy Arbid

Ziad Hayek discusses new PPP projects

Ziad Hayek discusses new PPP projects

Reading Time: 7 minutes At the end of October, Executive interviewed Ziad Hayek, secretary general of the High Council of Privatization and PPP (HCP), to learn of proposed public-private partnerships. The HCP had organized stakeholder meetings to discuss public-private partnership (PPP) proposed projects. This interview primarily discussed two PPP projects that are now in the pre-planning phase—the expansion of

Lebanon faces a lot of big IFs in 2019

Reading Time: 8 minutes Since 2011, Lebanon’s economy has been exhibiting recessionary symptoms. Economic growth slowed from 8 percent in 2010 to 0.6 percent in 2017, as measured by the country’s public bean counter, the Central Administration of Statistics. For 2018, the International Monetary Fund (IMF) projected GDP growth at just 1 percent. At the time of this writing,

12 new Lebanese startups

Reading Time: 14 minutes In previous years, attending a startup demo day in Beirut—where hopeful graduates of accelerator programs present their projects and pitch for recognition and financial investments—tended to require a will to smile politely and some tolerance for boredom. But in September and October of this year, demo days and startup competitions with Lebanese entrants—some held in

The scramble to sell as Lebanese real estate nears crisis point

Reading Time: 3 minutes Times are very tough for Lebanon’s real estate sector. After years of poor demand in the upper and middle segments of the housing property market, demand for entry level units plunged in 2018 with the news that subsidized home loans were no longer available (although Parliament did legislate a one-year $66 million fix to subsidize

Survival of the fittest for Lebanese real estate developers

Reading Time: 7 minutes Coming into 2018, Lebanon’s real estate market was already sputtering. For several years, real estate developers have complained of worrying market conditions—always hoping that the next year will be better, that the political situation in Lebanon will change, and that buyers will come clamoring back. The first wave of concerns was voiced by developers of

Iran showdown threatens Lebanon’s economy

Reading Time: 6 minutes It is common knowledge that Lebanon is in an economic rut. The six-year war in neighboring Syria has negatively impacted the local economy, just as domestic politics, particularly the two and a half year presidential void, eroded confidence and piled on pressure. While government formation following May parliamentary elections has carried on through the summer,

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