Cover story articles

An analysis for 2013-2018

An analysis for 2013-2018

Reading Time: 4 minutes Banks included in Bankdata’s classification for alpha and beta banks with deposits respectively exceeding $2 billion and $0.5 billion are regarded by many international analysts and local banking industry observers to represent the top tiers within the Lebanese banking sector of 59 banks, comprised of 46 commercial banks and their 13 subsidiaries.  Together, the 16

McKinsey’s agriculture plan

Reading Time: 5 minutes When the conclusions of the $1.4 million McKinsey Lebanon Economic Vision first came to light, social media feeds were flooded with videos praising the consultancy firm’s magical solutions to the country’s economic woes: avocado and cannabis.  Many even began to imagine a Lebanon on its way to becoming an avocado toast and cannabis-infused-water-pipe millennials’ paradise.

Childcare is not just a practical problem

Reading Time: 4 minutes I had been working in childcare for two years before I became a mom. As a founder of Jaleesa, an online platform to find babysitters and nannies in Lebanon, I have spoken to hundreds of parents—mainly moms—about the challenges of work and childcare. Parents have helped us to define a carer’s main role: to keep

Redefining roles

Reading Time: 8 minutes Fleeing conflict, leaving one’s home, and settling in a strange—and often unwelcoming—environment is challenging. For female refugees these challenges can be compounded, as many experience a shift in their accustomed gender roles. Many women in Syria played the role of housewife, but in Lebanon they must assume a new role—that of breadwinner.  The 2018 Vulnerability

All in a day’s work

Reading Time: 16 minutes To paraphrase a popular saying: You cannot truly understand someone until you have walked a mile in their shoes. Even with all the research and theorizing on the plight of working moms, fully grasping the experience of raising children while maintaining a career requires actually living it, or the next best thing—truly listening to those

McKinsey’s economic vision emphasizes microscopic details over fundamentals

Reading Time: 12 minutes Lebanon has no difficulty evoking the idea of a circus, or, as we said in the previous issue of this magazine, a political carnival. Our absurdist theater troupe had seemingly perfected its performance of the tragicomedy with the title “Government without Head.” But in January, there were two new and hopeful twists added to the

The essential view

Reading Time: 11 minutes Executive sat down with Riad Salameh, the governer of Banque du Liban (BDL) to discuss the prospects for the country’s GDP, the role of the central bank, and the external and internal challenges that lie ahead. E   Thank you for sitting down with Executive at this crucial time for Lebanon. I understand that you

The noose around Lebanon

Reading Time: 5 minutes Over 300 days have passed since Saad Hariri, Lebanon’s prime minister, stood on the White House lawn next to Donald Trump as the US President promised an answer to the “menace” of Hezbollah within 24 hours. That answer did not materialize in the form of a comprehensive foreign policy or as diplomatic niceties, at least

IT in banking

Reading Time: 5 minutes Some business success stories surprise like new gourmet recipes. It occasionally happens that culinary innovations start with ingredients which by and in themselves do not appeal to everyone as superb delights for the senses—for example liverwurst and artichokes, or Brussels sprouts and tofu—but make a winning dish when combined. Likewise, hardcore banking and software development