Banking & Finance articles

Forgotten festival?

Reading Time: < 1 minute Shopping month is upon us again. But this year it has come almost as a surprise. In mid-January there had still been no pre-festival publicity.

Nabatieh’s lost crusade

Reading Time: < 1 minute There is anger and disappointment in south Lebanon that a $62 million World Bank cultural heritage and urban development loan will not cover Beaufort Castle. The castle, a 12th century monument built during the Crusades, was used both by the PLO and Israel and its Lebanese allies as a strategic outpost during the war years

Q&A: Naji Boutros

Reading Time: 7 minutes Among globally active real estate funds, investment firm Colony Capital has made their mark after over 13 years of investing in real estate to the tune of almost $1 billion annually and managing equity capital on behalf of leading institutional investors. By identifying and buying real estate, real estate-dependent companies, distressed assets and non-performing loans,

Hi, and bye

Reading Time: < 1 minute In July and August, a new resolutely apolitical lifestyle magazine called Hi hit the Lebanese newsstands. Available only in Arabic, the magazine featured stories on singers, student life, online matchmaking and other matters that the publishers hoped would appeal to youth in the Middle East. What made this product noteworthy was not so much its

August rebound

Reading Time: 2 minutes Lebanon’s traditional gush of summer season optimism has failed to shroud a painful reality – July was a bad month for the $1.5 billion-a-year tourism sector. Hotels, restaurants, and car rental agencies all acknowledged business was down significantly in July, compared to the same period last year. Industry insiders bemoaned, in particular, a relative paucity

FYI Briefs July

Reading Time: < 1 minute Less popular cruises? While 60 cruise ships dock at Beirut each summer only one, the Ausonia, takes on new passengers, and for three years now, Lebanese holidaymakers have signed up for the weeklong Greek island cruise, organized by the Cypriot company, Louis Cruise Lines. That was until this year, when prices went up by about

FYI Briefs – September

Reading Time: < 1 minute Interminable terminal The saga concerning the private jet terminal at the Beirut airport continues. The new terminal was supposed to open its doors last June, but until now it has not.

Regional perspective

Reading Time: < 1 minute ARAB COUNTRIES: Insurance Density and Insurance Penetration (SOURCE: Muhanna Foundation) This could be a very opportune time to take a good long look at the Middle Eastern insurance industry, where far-reaching changes are expected region-wide. On the static side of how things are, stand the numbers on territory, population and economic performance, in relation to