The opening of Ericsson’s regional office in Beirut is a rare andwelcome development, since pessimism clouds Lebanon’s outlook.Nael Salah, vice president and general manager ofEricsson Middle East, talks to EXECUTIVE …
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The participation of the private sector in decision making isan essential prerequisite for sound policies. This is becauseit leads to policies that are compatible to the private sectorneeds, reduces uncertainty …
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Remember all the glowing clichés you’ve heard aboutLebanon? A bastion of capitalism within a sea of controlledeconomies, a regional hub, the Switzerland of the MiddleEast. With relatively low tax rates …
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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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TRABOULSI: Our capacity for producing electricity is around 2,200 megawatts. The Beddawi and Zahrani plants produce 900 megawatts, Zouk 550 megawatts, Jieh 300 megawatts, Litani about 150 megawatts, Baalbak and …
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The banking sector in an economy is an important determinant of economic growth. It raises funds from those who have an “excess” of capital and lends them to those with …
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Sell Fast, a company founded by Kheireddine Fakhoury and Kamal Sinno in 1994, is a concept designed for an economically challenged country like Lebanon. The idea was to stock a …
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Beirut’s experience is typical. The city is owed money by just about everybody. “Nobody is paying us on time. The Independent Municipal Fund is way behind and we’re concerned that …
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By early next year, the government is expected to launchits development plan – a sequel to last year’s five-yearfiscal program. Although little is known about its contentand coverage, one expects …
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Steady streams of unmistakable yellow cabs snaking throughthe streets of Manhattan dominate the view of New York fromatop the Empire State building. Beirut might be just as saturatedwith taxis, but …