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An uninspiring economic vision

An uninspiring economic vision

In January, Lebanon published slides outlining McKinsey’s economic vision—the outcome of a report commissioned by the Ministry of Economy and Trade in late 2017 following government discussions. The 1,274-slide document was developed over the first half of 2018, and outlines an economic vision produced by the consulting firm and owned by the government.    If

McKinsey’s uninspiring economic vision

In January, Lebanon published McKinsey’s economic vision slides that were the result of government discussions in late 2017 on commission by the Ministry of Economy and Trade. The 1,274 slide show document was developed over the first half of 2018, and can be seen as an economic vision outsourced to the consulting firm with ownership

Turning point

In its 20 years of reporting, rarely has this magazine witnessed a Lebanon that feels as vulnerable as it does today. It seems that the Lebanese citizen has totally surrendered under the weight of seven long years of geopolitical turmoil, which has depleted our self-confidence and enthusiasm along with our economic resources and infrastructure. The

Targeting the right people for our advocacy

When Lebanon signed the United Nations Convention Against Corruption (UNCAC) in 2008, our political elite unwittingly embarked on a path toward better governance and more transparency. For many reading this article, this statement will come as a surprise—particularly given the high levels of corruption in Lebanon today and the general perception that no one is

Opportunites for new startups abound

Near the center of Beirut sits the heart of Lebanon’s startup ecosystem, the Beirut Digital District. It is mainly here that Lebanon’s entrepreneurs gather to pitch and develop solutions to problems that are uniquely Lebanese, and others that are less so. The country’s entrepreneurship ecosystem today faces challenges that are not insurmountable, and there are

You can’t handle the truth

Our naive and simple minds have proven time and time again to be susceptible to transparent excuses. They shield us from accepting the facts on the ground and allow us to orbit in an imaginary reality instead—one that suits our ambitions and aspirations. Sometimes reality is so unacceptable, it needs to be absorbed and digested,

Peace for those left behind

“Just a bone,” she said. “All I need is one bone for me to put his memory at peace.” On the International Day of the Disappeared, at an event organized by the International Committee of the Red Cross (ICRC), a woman from the crowd took the floor and reminded us again why, year after year,

Lebanon in need of a housing policy

There is a perception among Lebanese that the state is unresponsive to the needs of the public—it’s easy to understand why people might think that. For much of their thrice-extended mandate, from 2009 until May’s parliamentary elections, lawmakers neglected to legislate, the presidency was vacant for two and a half years, and laws that were

Going it alone

The conventional wisdom of the Lebanese real estate market, and I’m sure the readers of this magazine have heard it a million times, is: “The value of real estate never goes down.” Making it the undisputed bulletproof investment or saving tool that we have adopted through generations. Our real estate industry is accustomed to riding

On your own

If you moved back to Lebanon after the civil war during your late 20s with the dream of rebuilding the nation—and of course, haven’t held any public office—we predict you’re going to be working until you drop dead. Yes, Lebanese are known to be successful entrepreneurs—it’s a reputation that a few outliers have given us—but

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