Comment articles

Going digital

Going digital

Reading Time: 5 minutes Digital technology is reshaping wealth management around the globe, according to a Strategy& survey that appeared in our Global Wealth Management Outlook 2014–2015. Interestingly, however, wealth managers in the Middle East, while generally confirming the importance of digital technologies, did so with less conviction and sense of urgency than their Asian, European, and North American

Sowing seeds

Reading Time: 3 minutes Much is written and more is discussed about the impact of Syrian refugees on the Lebanese labor market. Plenty of analyses and proposals are in the air. This is as commendable as it is understandable: Lebanon faces both a humanitarian crisis and a labor market crisis. In the labor market, an already bad situation is

Extracting transparency

Reading Time: 3 minutes In October 2014, Lebanon hosted its first ever Petroleum Day. Much of the event’s focus was on civil society’s role in monitoring the country’s natural resources. One of the primary tools to aid this endeavor will come through the adoption of the Extractive Industry Transparency Initiative (EITI) — a global transparency initiative led by governments,

Promising outlook

Reading Time: 3 minutes Lebanon’s entrepreneurial landscape has been maturing in recent years, as witnessed by the emergence of highly motivated youth, the growth of the venture capital industry, and the creation of accelerators and programs to support the development of new companies. Despite these commendable achievements, the country’s startups continue to face numerous challenges. While Lebanon provides a

Industrial revolution 2.0

Reading Time: 3 minutes Technological leaps are almost always accompanied by a loss of jobs. Tailors, blacksmiths and letter carriers are all either obsolete or in steep decline thanks to advances over the past several hundred years. Yet most of the time, these losses are outnumbered by new positions created as a result of such destructive technologies. The companies

Bright ideas

Reading Time: 4 minutes According to a recent World Bank study on global competitiveness published in 2012, Lebanon ranks very poorly on its capacity for innovation and the quality of its research institutions, in addition to low private sector spending on research and development (R&D). Having said this, there is consensus among international financial organizations that Lebanon has the

The unsuspected juggernaut

Reading Time: < 1 minute There’s a parallel space we Lebanese have learned to operate in — a place where the crooks in power have no influence. In that space, we’ve flourished in 2014. Our banks are strong, our entrepreneurs are maturing, our design space is expanding and our industrialists are investing in mechatronics, putting the country on a path

In search of gas

Reading Time: 3 minutes Since the suspension of nuclear facilities after the 2011 nuclear disaster in Fukushima, Japan has been seeking to diversify its energy sources. Among a variety of resources, the country has substantially increased its import of natural gas, particularly from the Middle East. After Fukushima, the import of liquefied natural gas (LNG) almost doubled in terms

How a moustache can cure cancer

Reading Time: 5 minutes November is the month of the year when we see a profusion of men growing moustaches, proudly sharing their pictures and enthusiastically encouraging their friends to join the movement. This “Movember” craze is organized every year to raise awareness and funds for men’s health, essentially cancer-related diseases. What started as a pretext among friends in

We’re 20 years too late

Reading Time: 2 minutes In the mid 90s, tech startups were new and sexy. Bill Clinton was in the White House, and Monica too. Marrouche restaurant was still serving. All while American entrepreneurship was changing the world, generating trillions of dollars of value, pleasing clients and investors. The bubble that formed out of the frenzy burst in 2000. It