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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“There’s a good chance that Lebanese stocks will jump 40% to 60% if there is a peace agreement this year,” proclaims Philip Khoury, vice president at Merrill Lynch in London. …
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Salim Sfeir, sitting in his modest conference room at the Bank of Beirut’s headquarters, gives the impression of a mild-mannered chairman and general manager, content with where the bank stands. …
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We recently went on a banking spree at a top foreign bank where we both have accounts. One of us queued behind six people waiting for a teller, which took …
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When visiting Concord last month, EXECUTIVE got that “it could only happen in Lebanon” feeling. Representing this $50 million-a-year conglomerate is not some hard-headed CEO with years of experience, but …
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Remember the hazardsof the Asiancrisis? Confidenceplummeting and hot moneyflying out of emerging marketswere major causes thatbrought a number of countriesto their knees. But itturned out to be one of thebest …
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For the past year, EXECUTIVE hasbeen attempting, albeit in vain, tointerview Eternit, a Lebaneseindustrial company that was until a coupleof years ago one of the region’s largestpipe manufacturers. At different …
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What is undeniably the most covetedindustry in Lebanon? It’sobvious. Since the end of thewar, local banks have been sucking in ahandsome flow of deposits (189% of GDPat the end of …