Lebanon is at a defining moment—a fragile economy teetering between recovery and collapse. “People are hopeful now, but the problem is, people are poor,” says Khalid Zeidan, founder and chairman/general…
Finance & Economy
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Judging an economy solely by the numbers rarely reflects the situation on the ground, especially in Lebanon. In 2009, the country experienced an economic rollercoaster with gross domestic product growth…
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Beirut SE (1 year) Current Year High: 1,200.49 Current Year Low: 705.56 All things considered, the Beirut Stock Exchange outperformed its regional peers in 2009, when measured at the beginning…
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Companies, companies, everywhere, and nay a share for sale. The ancient mariner could have rhymed to no end about primary markets in 2009 and it looks as if not a…
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Finance & Economy
Adjusting the Lebanese socio-economic debate: It is about growth, not debt
by Mazen Soueidby Mazen SoueidThe size of Lebanon’s public debt — which at $48.5 billion amounts to 1.5 times the country’s gross domestic product, one of the highest debt to GDP ratios in the…
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During the first quarter of 2009, Lebanon braced itself for a steep fall in remittances. The logic held that the global financial crisis would severely affect remittance inflows from outside…
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This year’s poster child for financial excess surely had to be the Gulf stock markets. We warned on several occasions, in past issues of Executive, that the level of gambling…