You’ve heard it before, we’re sure,that old adage everyone so likes torepeat: Lebanon — the region’sentrepreneurial spirit and center of freemarket capitalism. It seems, however, thatsomebody forgot to tell the …
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Springtime has been a turbulent season for the USstock markets. Tech-heavy Nasdaq, which has beenclimbing at a torrid rate and reached its high in earlyMarch, fell dramatically by mid-April. The …
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Picture this. Mohammed and Mahmoud are good friends. The former is married to the latter’s maternal cousin, and most evenings after work are spent together around the dinner table followed …
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Coming home has paid off so farfor Societe de Grands Hotels duLiban (SGHL). After openingVendome Hotel in 1996, its profits jumpedfrom $42,101 in 1997 to $3 million, unaudited,last year. SGHL …
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The US is experiencing its longest economic growthperiod in history. The end of February marked the107th month of strong economic performance,surpassing its previous record set in the colorful 60s (106months …
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It wasn’t all that bad for Lebanon’s listedbanks last year. Caught in the middleof the country’s worst recession since thewar, falling interest rates that put a squeezeon spreads and competition …
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The Obegi family once owned one of the largestand most respected banks in Lebanon. Butduring the war, the family became fed up runningCredit Libanais under harsh conditions. “It was difficultto …
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Ever since the Golden Arches first litup the night sky in Dora inNovember 1998, the Lebanese justcan’t seem to get enough of that all-Americanfast-food chain. Beirut’s fivebranches of McDonald’s are …
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The first few days of February are probably nota time finance minister George Corm would liketo relive. Before his 2000 budget could bepassed through an unruly parliament, Cormwas the target …
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