Comment articles

Preserving Lebanon’s water resources requires multisectoral collaboration

Preserving Lebanon’s water resources requires multisectoral collaboration

Reading Time: 4 minutes In winter, Lebanon seems to have an abundance of rainfall. When the rainy season is over, however, the country’s traffic woes are often compounded by large tankers blocking roads as they supply buildings with water. Lebanon is rich in water resources, but these are replenished seasonally,  through rain and snow that generally falls between October

An urgent need for reform

Reading Time: 4 minutes There has been a growing concern over Lebanon’s debt outlook. True, the fiscal deficit at end of Q3 2018 was twice that of 2017 for the same period. Two main factors contributed to its escalation: First, the wage and salary increases that were adopted during the last quarter of the 2017 budget and extended through

Seeking climate consensus

Reading Time: 4 minutes The Paris Agreement, adopted in early 2016, aims to reduce the global man-made emissions that are trapping heat in the atmosphere, causing a cascade of extreme weather events due to variations in temperature. The agreement sought to keep the increase in global average temperature well below 2 degrees Celsius, while attempting to limit it to

The Eastern Mediterranean Gas Forum

Reading Time: 7 minutes Energy ministers from Egypt, Cyprus, Greece, Israel, Italy, Jordan, and the Palestinian Authority took an important step toward establishing an Eastern Mediterranean Gas Forum (EMGF) on January 14, in Cairo. According to the declaration that followed the meeting, the EMGF will, among other things, assist in the creation of a regional gas market, ensure the

Currency conundrum

Reading Time: 6 minutes Two major topics are keeping economists, politicians, academicians, journalists, and others busy nowadays. The first topic is the real value of the Lebanese lira and if the nominal rate must be de-pegged or moved to a lesser pegged value in order to relieve us from our current monetary, economic, and financial misery. The other topic

Advocating true wisdom

Reading Time: 5 minutes In Executive’s view of things that happened locally in January 2019, three incidents testified to the presence—and the perils of—irrational expectations. Such expectations actually work in two directions, with different attendant risks: The first direction is that of excessive enthusiasm, very well-known to the economically literate from the last global exposure to “irrational exuberance,” in

Arab summit shows a Lebanon at the mercy of disinterested regional powers

Reading Time: 4 minutes The Arab League Economic and Social Development summit hosted in Beirut in late January produced at least one solid takeaway: the reiterated recognition that Lebanon does not hold the keys to its own future and so must ride the bench during this economically and politically pivotal time for the region. With a government finally formed

Lebanon’s waste sector at risk of the same mismanagement as electricity

Reading Time: 4 minutes The waste crisis and the mismanagement of the sector have become a symbol of government incompetence and corruption. Millions of dollars have been squandered, and instead of having modern infrastructure, we have been left with an ongoing disaster affecting our health and draining our resources. There are 941 open dumps in Lebanon, more than 150

The case to end sexual orientation change efforts in Lebanon

Reading Time: 4 minutes Homosexuality is part of the natural spectrum of human identity and is not a disease, a disorder, or an illness to be treated or “fixed.” However, there is a plethora of evidence documenting the challenges that lesbian, gay, bisexual, and transgender (LGBT) people experience daily as a result of discrimination, rejection, and stigma. Sexual orientation