DECEMBER 2015
EDITORIAL
ECONOMICS & POLICY
Environment
Costs of the trash crisis
Cabinet’s approach to waste management comes with very high costs
Matt Nash
Telecoms
Slow progress
Lebanon is reporting little progress in implementing a new vision for telecoms
Matt Nash
Monetary
Central bank plays government
Lebanon’s central bank steps in where lawmakers and ministers have failed
Matt Nash
Lebanon’s fiscal challenges
Deficits and high debt
Lebanon must begin to implement credible fiscal management
Annalisa Fedelino
Accounts and the EBRD
Q&A with Alain Bifani
Overcoming the country’s problems requires cash injection and smart financing
Jeremy Arbid
Sustainable energy market
Positive plans in the works
The sustainable energy market in Lebanon: an unexpected uptick
Pierre El Khoury
Jbeil electricity plan
Waiting for approval
A mighty plan is on the agenda, but will it be approved?
Jeremy Arbid
Health care
Drug prescriptions
The role of the pharmaceutical industry and its impact on health
Fadi El Jardali and Racha Fadlallah
Refugee crisis
Lebanon’s collective responsibility
Lebanon and the international community must not abandon Syria’s refugees
Khairunissa Dhala
An unquantifiable tragedy
The Syrian tragedy
Q&A with UNHCR
representative Mireille Girard
Matt Nash
BANKING & INSURANCE
The mechanics that keep the boat afloat
Banking sector maintains its performance in 2015
Thomas Schellen
Banking outlook
Predictions for 2016
Bankers project many-colored shades of optimism and realism on 2016
Thomas Schellen
Insuring Lebanon
Q&A with Max Zaccar
Lebanese insurance companies embark on new initiatives
Thomas Schellen
ENTREPRENEURSHIP
REAL ESTATE
Sector overview
A lack of data
The real estate market continues to lack solid price and demand statistics
Matt Nash
2015 real estate in review
Setting the facts straight
Slow is not dead for Beirut’s property market
Karim Makarem
MANUFACTURING & AGRICULTURE
Overview
Seeking new tactics
and markets
Food and agriculture producers seek new tactics and markets
Jeremy Arbid
Make it or break it
Q&A with Hassan Hajj Hassan
Lebanon’s manufacturing industry continues to sail a tumultuous sea
Jeremy Arbid
Agriculture sector
Q&A with Maurice Saade
Executive talks targets for agriculture with Maurice Saade of the FAO
Jeremy Arbid
HOSPITALITY,TOURISM & RETAIL
Repositioning Lebanon
Lebanon’s tourism minister talks rural boom, culture, garbage and future plans
Nabila Rahhal and Thomas Schellen
Hotel sector overview
Ebbs and flows
Beirut’s hotels hang on despite the many challenges
Nabila Rahhal
Hotel industry
Q&A with Pierre Ashkar
The head of Lebanon’s Hotel Owners Association on the country’s struggling industry
Nabila Rahhal
Regional expansion
Q&A with Rudi Jagersbacher
Hilton sees opportunity to grow despite setbacks in Lebanon
Sophie Rimingtonpounder
F&B sector overview
Changing with the market
The Lebanese food and beverage sector embraces the changing market
Nabila Rahhal
Addmind: a success story
Q&A with Tony Habre
Executive speaks with Addmind about managing two regional hospitality hotspots
Nabila Rahhal
Retail sector overview
Adaptation skills
Lebanon’s retailers respond to a sticky situation
Nabila Rahhal
AUTOMOTIVE
Speed bumps ahead
Q&A with Antoine Boukather
The automotive sector drives through another slow year
Paul Cochrane
ART
Cultural wealth
A key to prosperity
Art and culture as a means to economic prosperity
Thomas Schellen
Elitism, disruptiveness and a lack of strategy
Peculiarities and challenges of Beirut museum landscape
Thomas Schellen
WINE
Sector overview
Regulating the industry
The trials, tribulations and steady growth of the local wine industry
Nabila Rahhal
Chateau Musar
Family and tradition
Passing on Chateau Musar’s wine-making history through the generations
Nabila Rahhal
Promoting Lebanese wine
Q&A with Zafer Chaoui
The helping hands getting Lebanese wine on tables worldwide
Nabila Rahhal