Author Archives: Nabil Makari

Pivotal events of 2020

DECEMBER 19Parliamentary consultations take place. Mr. Hassan Diab is nominated to form a government, backed by the Amal movement, Hezbollah, the Free Patriotic Movement, the Marada and others. DECEMBER 20-31Heavy protests take place, protesting the nomination of Hassan Diab as Prime Minister. JANUARY 14Lebanese Protests resume after weeks of calm. Banks are heavily targeted as

Lebanese start-up funding threatened

Eager to capitalize on the tech-savvy population,high education rate and entrepreneurial spirit, Banque du Liban’s (BDL) Circular 331, released in 2013, paved the way for the creation of dozens of startups in Lebanon, in addition to accelerators and incubators. Despite this support, events of the past few years have put a stop to the generous

Gaming in Lebanon seriously hit

Despite the Central Bank’s (BDL) circular 331, which allows venture capital firms and banks to finance startups with less risks by guaranteeing investments up to 75 percent, Lebanese tech firms are casualties of the country’s economic woes. Between capital controls that restrict payment capacities abroad; the exile of talent fleeing Lebanon; and the sorry state

Finding scarcity

Executive visited with Naji Boutros, a Lebanese economic mind whose expertise and passion spans from investment banking and identification of opportunities in venture capital (VC) and private equity, to nurturing entrepreneurship in Lebanese agro-industry, viticulture, and hospitality.  You have been involved in a wide spectrum of local entrepreneurship in non tech-dependent ventures, which as you

Banking sector 2020 overview

Where does one even begin? From the inability to withdraw deposits, to the depreciation of the Lebanese currency, and the default on the  Lebanese Sovereign Debt (held in big part by the banking sector), Lebanese banks’ balance sheets have suffered a blow, in addition to self-imposed capital controls on withdrawals.  The future of the Lebanese

How long will the lights stay on?

The current state of the energy sector in Lebanon is worrying. Daily power cuts coupled with Electricite du Liban (EDL)’s chronic budget deficit, which has contributed to more than half of Lebanon’s public debt, makes it clear why reforming the sector is a top priority for the international community, and why it cannot be separated

Vivisection of a trade heart

The short story of Lebanon’s vital trade of 2020 has three chapters but no resolution at the end. The tragic and dramatic lead character of the story is the Beirut port, which is revealed throughout the year as, in a succinct synopsis of this ballad, the open secret and potential epitaph of the Lebanese economy

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