DECEMBER 2014
EDITORIAL
ECONOMICS & POLICY
Still a long way to go
Many challenges remain ahead of the 2015 Millenium Development Goals deadline
Raghed Assi
No direction home
UNHCR looks for opportunities to improve Lebanese communities while assisting Syrian refugees
Matt Nash
The incremental approach
The Finance Ministry’s director general outlines problems with Lebanon’s finances, and how he wants to fix them
Jeremy Arbid
Race to the bottom
With a widening deficit and sluggish growth, Lebanon’s economy is in trouble
Matt Nash
OIL & GAS
Floating an idea
New technologies are key for addressing gas export challenges in the Eastern Mediterranean
Mona Sukkarieh
Towards energy independence
Helping Lebanon strengthen transparency in the oil and gas sector
Svein Aass
Reality sets in
After more than a year of waiting, Lebanon still sees no action on oil and gas exploration
Matt Nash
BANKING
Banking in subdued colors
The success of foreign operations sees Lebanese banks looking abroad
Thomas Schellen
FINANCE
Going digital
Middle East wealth management prepares for the future
Daniel Diemers and Abdulkader Lamaa and Jihad K Khalil
How to do an IPO
Regulations are still being put into place, but the requirements of listing on the Beirut Stock Exchange are clear
Chadia El Meouchi and Carine Farran
It's hard to enter when you can't exit
Romen Mathieu and Gilles de Clerk explain the challenges facing private equity in the Middle East
Executive Editors
ENTREPRENEURSHIP
Preparing for takeoff
Lebanon’s startup ecosystem has made big gains in recent years, yet questions remain about the future
Livia Murray
INDUSTRY
Industrial revolution 2.0
Lebanon should not miss out on the next big technological advance: Mechatronics
Barbar Akle
Industrialization in a global economy
Cristiano Pasini explains the difficulties of encouraging growth in a statistical wasteland
Thomas Schellen
AUTOMOTIVE
It came out of nowhere
A startling new regulation will hurt both auto dealers and buyers
Rachid Rasamny
Two wheels forward
More motorbikes could be a game changer for traffic and pollution in Lebanon
Paul Cochrane
RETAIL
Lebanese fall for ‘fast fashion’
Customers look to midmarket products amid financial crunch
Laurence Leigh
Retail highs and lows
Lebanon needs an ‘electric shock’ to stop it from falling into recession in 2015
Nabila Rahhal
WINE & SPIRITS
In the spirit of Lebanon
The head of the Union Vinicole du Liban speaks about efforts to promote Lebanese wine abroad
Nabila Rahhal
J2 vodka hits the ground running
A new Lebanese brand tries to solidify a home base before looking for opportunities abroad
Nabila Rahhal
HOSPITALITY & TOURISM
A break in the clouds
Minister of Tourism Michel Pharaon explains his campaign to encourage foreign and domestic tourism
Nabila Rahhal and Thomas Schellen
A bumpy ride
Lebanon’s hotels did better than expected this year, but aren’t yet in the clear
Nabila Rahhal
REAL ESTATE
Building for demand
Lebanon’s construction regulation process should take market needs into account, says Jihad Ibrahim
Matt Nash
Impending calamity
According to Ghassan Moukheiber, legal ambiguity regarding the new rent law will spell trouble in 2015
Matt Nash
The slump begins to hurt
Developers are cutting prices and looking abroad to up their cash flow
Matt Nash
ART
Preservation and innovation
Tarek Mitri discusses the reopening of the Sursock Museum
Nabila Rahhal and Thomas Schellen
In photos: Art in the city
In both its licensed and unlicensed forms, art is retaking Beirut’s public spaces
Thomas Schellen and Greg Demarque
Beirut, the artistic capital
The eternal struggle between art and commerce continues
Thomas Schellen
LAST WORD
Sowing seeds
Lebanon is behind in labor reforms, but can make a fresh start in 2015
Zafiris Tzannatos