Opinion articles

Q&A with Riad Obegi, chairman of Banque BEMO, on banking sector challenges

Q&A with Riad Obegi, chairman of Banque BEMO, on banking sector challenges

Reading Time: 7 minutes At a time when banking is materially challenged by economic and financial stresses, and is faced with extreme criticism from distressed depositors and the explosion of economic commentators and activists of all colors in the country, Executive wanted to know what local banking leaders have to say about the quagmire and the way forward. Riad

UNESCO survey exploring remote learning experiences during COVID-19 lockdowns

Reading Time: 7 minutes According to the initial results from a May survey being administered by the UNESCO Regional Bureau for Education in the Arab States (UNESCO Beirut Office), more than half of the parents of schoolchildren in the Arab region consider current online studying (whether using an online platform, mobile application, etc.) to be “inefficient” when compared to

Q&A with Ziad Hayek on his and Gérard Charvet’s plan to overcome Lebanon’s financial crisis

Reading Time: 8 minutes The arrival of a team by the International Monetary Fund (IMF) in Beirut for negotiations on the national need for financial assistance under a rescue package has sparked a wave of discussions on the task. This interest is fueled by widespread concerns that the latest official draft plan—based on a paper by international financial firm

Analysis of recent inflation using the Consumer Price Index

Reading Time: 6 minutes In October 2019, following years of dysfunctional public policies, Lebanon entered the vortex of an unprecedented collapse. This was evidenced by, among other indicators, a further dramatic decline in economic growth rates, exceptional primary deficits and a negative balance of payments, a banking sector in crisis, and the emergence of a parallel foreign exchange (FX)

Q&A with Kamal Mouzwak on the impact of COVID-19 on Tawlet and Souk El Tayeb

Reading Time: 5 minutes After being closed down starting March 11 for almost eight weeks, due to measures taken in response to the COVID-19 pandemic, Lebanon’s restaurants were allowed to re-open on May 4 as part of a phased easing of the lockdown. To learn more about considerations F&B operators were taking into account before reopening, Executive chatted beforehand

Food insecurity in Lebanon

Reading Time: 6 minutes As Lebanon weathers through an economic crisis and COVID-19 outbreak, food insecurity has become a major concern across media headlines and in society. More stories are surfacing on how many families can no longer afford to meet their food needs, raising questions on the future of Lebanon’s fragile food sector.   What is food security, and

Lebanon’s refugee restrictions could harm everyone’s health

Reading Time: 3 minutes Government responses to the spread of the COVID-19 virus have exposed the extra barriers to healthcare for refugees and migrants worldwide. But discriminating against already marginalized noncitizens not only erodes their capacity to avoid or survive infection, but inevitably has a negative impact on the wider society’s health. This is undeniably the case in Lebanon,

Q&A with Nadine Habbal, acting head of the Insurance Control Commission

Reading Time: 5 minutes Lebanon’s insurance sector is highly fragmented, featuring extreme competition between small local players, bank-affiliate insurers, providers that are parts of multinational insurance giants, and—outside of the regulated sphere of commercial insurance companies—even quasi-insurers with competitive privileges that are categorized as mutual funds. The diverse and overpopulated sector, mired in opacity of companies, has not been

Top