DECEMBER 2008
EDITORIAL
COMMENT
BY INVITATION
The public and private spheres – partners in prosperity
Public and private prosperity
Rabih Abouchakra
Company-customer communication in times of crisis
Communicating in a crisisia
Joumana Brihi and Ramsay G. Najjar
BANKING
Overview – Banks temper the tempest
Region's lending institutions to elude worst of the global financial storm
Executive Staff
Lebanon – Cedar‘s solid assets
Beirut sitting pretty as central bank’s policies prone “conservative is cool”
Executive Staff
Charles P.S. Hall – Q&A
HSBC’s CEO speaks candidly about the banking sector’s performance
Executive Staff
Lebanon – Dr. Francois S. Bassil
The head of Byblos Bank puts the financial crisis in perspective
Executive Staff
Running realty’s gauntlet
Fortified banks wary of real estate woes lurking at the gates of 2009
Executive Staff
Saudi Arabia – Kingdom holds the fort
Though not unscathed, Saudi banks sheltered from global crisis
Executive Staff
Kuwait – A sinking ship in the fleet
While most persevere the crisis alone, Gulf Bank clings to rescue
Executive Staff
Qatar – Liquidity’s breakwater
Doha’s banks a beacon for investors as shelter from the global crisis
Executive Staff
Oman - The vault of profit
Sultanate will watch global financial crisis largely pass it by in 2009
Executive Staff
Lebanon’s banks invested in rebuilding the country‘s economy
Lebanon’s banks invested in rebuilding the country‘s economy
Fadlo Choueiri
Islamic Banking – Sharia‘s security
Tenets of Islamic-based savings institutions pay dividends
Tenets Of Islamic-Based Savings Institutions Pay Dividends
PRIVATE EQUITY
Iraq – For the intrepid investor
In the lull of war, opportunity beckons private equity
Executive Staff
Lebanon – Kabab-ji‘s stars and stripes
Investment deal delivers Lebanese cuisine’s American dream
Executive Staff
Maghreb‘s frontier feel evolves to emerging market
Maghreb‘s frontier feel evolves to emerging market
William Fellows
Overview – Paltry protection
Slim coverage, slowing economies offer modest growth for 2009
Executive Staff
Overview – The health of insurance
Government mandated coverage looks to drive policy growth rates
Executive Staff
MENA – The underwriting tow
Insurance industry to cast off risks of investment income in 2009
Executive Staff
GCC & Levant – The fog of financial crisis
Transparency at a premium as insurers issue obfuscation
Executive Staff
REAL ESTATE
Lebanon - A boom where others bust
Property development defies logic while banks thrive in global crisis
Executive Staff
UAE - How the bull went bear
Emirates property market plummets from once soaring heights
Executive Staff
GCC - Development hits the wall
Companies thin their books and put new projects on the shelf
Executive Staff
$20 billion in undeveloped land at Lebanese banks
$20 billion in undeveloped land at Lebanese banks
Abdallah Hayek
The components of the most resilient market in the region
The components of the most resilient market in the region
Karim Makarem
ECONOMY & FINANCE
MENA – 2009 to tally the toll
How the region will feel the fallout of the global financial crisis
Executive Staff
Inflation – Price bubble spring leak
Global financial crisis sucks the wind from the sails of demand
Executive Staff
Turkey – Running from fire to fire
The Pandora’s box of 2008 still open for Ankara in 2009
Executive Staff
TOURISM
Lebanon – Back on the map
Shunned by travelers in recent years, allure returning to the Land of the Cedars
Executive Staff
Lebanon – Vacation of the state
Tourism could thrive if only the government did its job
Executive Staff
Lebanon – Hedonists hooray!
Beirut renowned as the region’s capital city of partying
Executive Staff
MONEY MATTERS
CONSUMER SOCIETY
BUSINESS ESSENTIALS
FINANCIAL INDICATORS
CAPITALIST CULTURE
Economic crisis – Fair-weather finance
Politics and bailouts undermine free market’s function
Michael Young
