Banking & Finance articles

Q&A with Fady Gemayel on the impact of the coronavirus crisis on Lebanon’s industry

Q&A with Fady Gemayel on the impact of the coronavirus crisis on Lebanon’s industry

Reading Time: 5 minutes To gauge the extent to which Lebanese manufacturing industry, an often overlooked but crucial driver of the economy, is being impacted by the current global coronavirus pandemic in conjunction with the previous difficulties in Lebanon, Executive conducted a phone interview with Fady Gemayel, president of the Association of Lebanese Industrialists. How is Lebanese industry coping

The madness of clowning around in an economic tornado

Reading Time: 8 minutes Two months after a blundering collage of new budgetary revenue measures drove people into a unified and spontaneous civil uprising, the state of Lebanon remains an unresolved mess. Six weeks of attempts by the political regime to uphold and reorganize what the people perceived as a corrupt system only made the country’s social and economic

The need to reform electronic money transfer regulations

Reading Time: 3 minutes All over the world, every day, millions of financial transactions take place at the press of a button. The words—and now the verbs—PayPal, TranferWise, and Venmo, are to payments what WhatsApp and Facebook are to messaging. Modern electronic money transfer (EMT) services have lowered transaction costs for individuals, facilitated business growth through e-commerce, and made

Creating a price-stable cryptocurrency

Reading Time: 3 minutes It has been a tumultuous time for cryptocurrency investors and advocates alike who have watched the market value of the industry drastically drop in the past year. However, some optimism is growing in the space as committed developers and blockchain advocates shun the daily obsession over price changes. The highly speculative nature of the crypto-market

Toward a cashless society

Reading Time: 5 minutes Banking, like many other industries, is steadily moving toward digitization to accommodate changing lifestyles. People now need solutions to banking challenges that did not previously exist. With busy schedules, more travel, a surge in e-commerce, and a plethora of innovations that are spurring a global shift, the growing tech-native generation is increasingly asking to conduct

Investing in cybersecurity companies

Reading Time: 5 minutes When it comes to predictions for this year, there are some prophecies that are practically risk-free, even outside the notion that the biggest risks of 2019 are not related to financial markets or even economic uncertainty. One such virtually risk-free prediction is that the digital transformation will continue. Another safe one is that Big Data

Outlook and potentials in the Lebanese insurance sector

Reading Time: 3 minutes Regional geopolitical turmoil and ensuing economic uncertainties continue to place increasing pressure on the insurance sector. Stagnation in most of the sectors of the national economy is reflected in slower growth in premiums written by Lebanese insurers, and higher strain on profit margins. In light of this, the Insurance Control Commission (ICC), which is the

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