Economics & Policy articles

The US approach to Hezbollah and the new Lebanese government

The US approach to Hezbollah and the new Lebanese government

Reading Time: 3 minutes The United States’ approach to Lebanon seeks to reconcile two often conflicting policies: supporting the Lebanese state, army, and government, while pursuing a maximum pressure campaign on Hezbollah. During the past months, the “Iran lens” defining US policy has overshadowed the commitment to supporting stability and building state institutions in Lebanon. This was clear in

Analytical approaches to economic rescue plans for Lebanon

Reading Time: 7 minutes Lebanon’s political economy today is in a situation where risks are existential and inaction opens the gates to disaster, but potential payoffs are highly skewed to the upside—if successful. This suggests that the newly eager-for-action behaviors in the political class—which appear in many ways counter intuitive to previous decision-making patterns here—convey at least a modicum

Experts tackle Lebanon’s dilemmas with a plethora of rescue plans

Reading Time: 13 minutes IN BRIEF The implications of Lebanon’s current fiscal crisis are grave, but not fated to be devastating.  Economic rescue plans circulating remain in the pro-private and neo-liberal economic modes of thought. As a result, there is a reassuring amount of overlap but little efforts to explore solutions outside these paradigms.  At the beginning of 2020,

Lebanon needs concrete steps to tackle corruption to restore confidence

Reading Time: 3 minutes Trust in politicians and governments is usually a result of a successful performance, but it is also—perhaps more significantly—an ingredient for success. Without it, citizens and businesses are less likely to respond to public policies, especially those that are seeking to promote economic recovery and stability. Trust is necessary to increase the confidence of investors

A roadmap to recovery

Reading Time: 27 minutes There is one question on everyone’s mind: Is there still a way out of the current crisis or are we going to fall into an abyss with an intense deterioration of all economic indicators that could lead to dire consequences? A summary of the current economic situation will help us analyze its sustainability.  Then we

Oil and gas will not save Lebanon

Reading Time: 3 minutes As Lebanon races to enter the new oil producers club, decision-makers display a dangerous tendency to put all hopes on this uncertain sector and label it as the economic savior. This goes against the advice of Lebanese experts who have been warning against a “presource” curse  (the underperformance of economic growth after a commercial discovery,

Reforms to the Lebanese electricity sector beset by delays

Reading Time: 11 minutes The September 15 attack on Saudi oil facilities that temporarily wiped out 5 percent of global supply did more than trigger a short-term oil trading frenzy with wild price jumps on international markets. It put into sharp relief the issue of Lebanon’s dependency on fossil fuel and—most important in the context of dismal fiscal health—its

UAE emerging as a global innovator in AI

Reading Time: 5 minutes The past few decades have seen major advances in the field of artificial intelligence (AI). As a result, AI has become a transformative business force, specifically in the technology sector. Numerous organizations are significantly expanding their use of AI tools and services, with 2018 a landmark year for this trend. Supporting technologies, such as computational

Eugene Kaspersky on how to protect industry in the IoT age

Reading Time: 14 minutes On his first visit to Lebanon, Russian cybersecurity magnate Eugene Kaspersky divided his time between discussions with ministries, long-time banking clients, and visits to the country’s famed archeological sites. In between, he took time to sit down with a few media entities. In an interview that was arranged as a joint meeting of Kaspersky with

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