Overview articles

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

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

Retail on the run

From the perspective of consumer markets in Lebanon today, there are two classes of people: 1, those who can no longer carry out basic transactions in a consumer economy, and 2, those who are lucky enough to still go shopping, without knowing how long their luck will last. The large and growing first group includes

Reversing the Trend of Emotional Lows: The Case of the Beirut Explosion

“The impact of a traumatic event of this intensity and scale goes well beyond what the eye can see. It is therefore important to acknowledge that victims of this traumatic event are not only limited to survivors of physical injuries, as victims include responders and witnesses who might also exhibit psychological and emotional distress. In

Top