Economics & Policy articles

Lebanon’s electricity crisis

Lebanon’s electricity crisis

Lebanon’s power sector is a substantial drain on the state’s treasury, responsible for 40 percent of the country’s fiscal deficit, according to the World Bank. Significant reforms are required to cut the fiscal shortfall and address structural and governance issues at the root of the crisis. The country’s power generation capacity is nearly 2,050 megawatts

A vision for Lebanon in 2050

Everyone is aware that we are in a global world, but awareness of globalization’s causes and consequences is not universal. In my humble understanding, globalization shows that the notion of economic independence has become obsolete and that “consuzenship” (a combination of citizenship and consumerism) has replaced the old concept of citizenship. Nowadays, people are driven

Oil and gas in the Eastern Mediterranean

This year saw the translation of international oil companies’ interest in the Eastern Mediterranean—following the discovery of Zohr, in Egypt, in 2015—into concrete projects, and the confirmation of the region’s potential, with a new and promising discovery in Cyprus. Egypt received its final liquified natural gas (LNG) shipment in September and is aspiring to become

Lebanon faces a lot of big IFs in 2019

Since 2011, Lebanon’s economy has been exhibiting recessionary symptoms. Economic growth slowed from 8 percent in 2010 to 0.6 percent in 2017, as measured by the country’s public bean counter, the Central Administration of Statistics. For 2018, the International Monetary Fund (IMF) projected GDP growth at just 1 percent. At the time of this writing,

The case to end sexual orientation change efforts in Lebanon

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

Lebanon, lend us your ears

The exciting world of audio storytelling remains relatively unexplored in the Middle East today, despite the region’s reputation for masterful storytellers. While podcasting as a medium is rapidly growing in the US and Europe, many radio stations in Lebanon and across the Arab world have yet to join this trend and produce innovative content. Two

The impetus for change

Shareholder activism has experienced a revival and is now growing in influence globally as an effective tool to transform companies by unlocking share price value and improving their strategic vision and governance tactics. The phenomenon of shareholder activism is not new. When it started back in the 1980s, it sparked numerous controversies due to the

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