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Society

Out in the cold

by Sam Tarling January 26, 2013
written by Sam Tarling
This makeshift tented community in Lebanon's Bekaa Valley has become home to some 150 families who have fled the conflict in neighboring Syria. The families here live with little protection from the elements in homes made of plastic sheeting and scavenged materials [Photo: Sam Tarling/Save The Children/Executive]
Despite the cold already setting in, many of the children at this camp still lack proper winter clothes and footwear to adequately protect them. More than 300,000 registered refugees have fled the conflict in Syria to neighboring countries [Photo: Sam Tarling/Save The Children/Executive]
A child runs through the mud at the camp [Photo: Sam Tarling/Save The Children/Executive]
Abdulla, 5, has only sandals to protect his feet. "I want a blanket and I want a carpet," he said, fingers and toes chapped from exposure to the cold [Photo: Sam Tarling/Save The Children/Executive]
Roughly constructed, tented homes provide little protection from the cold or the rain [Photo: Sam Tarling/Save The Children/Executive]
The settlement is far more crowded than it was earlier in the year and, with no end to the Syrian civil war in sight, will likely become more so in the coming months, further compounding problems the residents face such as lack of running water and adequate drainage [Photo: Sam Tarling/Save The Children/Executive]
The children and their families living in the camp rely on donors and the UN [Photo: Sam Tarling/Save The Children/Executive]
In Wadi Khaled, North Lebanon, the situation is little better. With just a blanket to cover the windows of the room in which she now lives, Khadiji, 5, and her family face a bitterly cold winter [Photo: Sam Tarling/Save The Children/Executive]
Unfinished and unfurnished, these rooms make for Spartan shelters for families. Fatmeh, 50, (right) said: "We only have seven blankets for nine people, including one I had to borrow from my neighbor" [Photo: Sam Tarling/Save The Children/Executive]
Mona, 16, holds Malak, her five-month-old baby, in the bare concrete room in which she lives. She said "we are using thin blankets to cover the windows but it is very cold at night" [Photo: Sam Tarling/Save The Children/Executive]
Eight year-old Fatma shivers as she sits on the concrete floor [Photo: Sam Tarling/Save The Children/Executive]
January 26, 2013 0 comments
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The Buzz

Morning briefing: 25 Jan 2013

by Executive Staff January 25, 2013
written by Executive Staff

Economics and politics

Libya will strengthen security around its oil facilities, officials said on Thursday, in the wake of a deadly attack on a gas site in neighboring Algeria.

More from AFP

 

The U.N. panel that settles claims for damages from victims of Iraq's 1990 invasion of Kuwait has paid out another $1.3 billion — bringing the total so far to $40.1 billion.

More from Associated Press

 

A combination of pro-government tribal leaders and businessmen looks set to dominate Jordan's next parliament again, after more than 1.2 million voters turned out in what supporters of King Abdullah II acclaimed as an endorsement of his policy of measured political reform.

More from The National

 

Police have clashed with protesters gathering in Tahrir Square in the Egyptian capital, Cairo, ahead of the second anniversary of the uprising that swept Hosni Mubarak from power.

More from the BBC

 

Companies

Early morning fog blanketed the UAE for the third consecutive day on Thursday causing yet more problems for air passengers.

More from The National

 

Iraq's semi-autonomous Kurdistan Regional Government (KRG) has awarded the operatorship of a major oil block to U.S. oil giant Chevron, continuing the consolidation of the region's oil sector into the hands of larger, better capitalized oil companies.

More from Iraq Oil Report

 

January 25, 2013 0 comments
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Economics & Policy

Unemployment in the Middle East

by Benjamin Redd January 25, 2013
written by Benjamin Redd

The International Labor Organization’s Global Employment Trends 2013 was released on Tuesday, January 22, 2013. The body has been recording data on global labor trends since it was established in 1919, and the report provides a snapshot into how working patterns in the Middle East and North Africa are changing.

Click here or on the map below to reveal our interactive graphs.
January 25, 2013 0 comments
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The Buzz

Morning briefing: 24 Jan 2013

by Executive Staff January 24, 2013
written by Executive Staff

Lebanese Prime Minister Najib Mikati said on Wednesday that despite the drop in the number of tourists this year compared to previous years, the banking sector in Lebanon saw its customer deposits surge.

More from The Daily Star

 

Gold could see record average highs this year and next, but its 12-year long bull run may be reaching a plateau as gains get smaller on expectations for monetary policy to stabilise in the United States and other key economies, a Reuters poll showed.

More from Reuters

 

The vice-speaker in Algeria’s parliament, Mohamed Djemani, noted that his country’s relationship with Iran has strengthened recently and voiced the hope that it would continue to do so in the future.

More from Nuqudy

 

Benghazi is seeking to become the development capital of Libya, with a number of new projects lined up.

More from Reuters

 

Jordanians have voted for the first time since the Arab Spring uprisings began in 2010, testing King Abdullah II's unprecedented political campaign to allay public frustration and encourage voting.

More from The National

 

Companies

Kuwait’s parliament approved an amended draft law on Wednesday paving the way for the long-overdue privatisation of Kuwait Airways, state-run news agency KUNA reported.

More from Gulf Business

 

AM Financials, a Lebanese financial institution offering online equities trading, has terminated its operations after the Central Bank withdrew its license.

More from Lebanon Business News

 

Debt-ridden developer Nakheel has announced a 57 per cent profit surge to AED2.017bn for the year ending December 31 2012. The company also saw  revenues come in at  AED7.8 billion, up 91 per cent over the same period.

More from Arabian Business

 

January 24, 2013 0 comments
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Economics & Policy

Mobile phone prices across the Arab world

by Benjamin Redd January 24, 2013
written by Benjamin Redd

The Lebanese are used to complaining about the price of their phonecalls, but are they really so much worse off than the rest of the region?

Executive mapped the price of a phonecall and a text across the Arab world and found some surprising results. Click here or on the map below to go straight to the interactive data.

 

January 24, 2013 0 comments
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The Buzz

Morning briefing: 23 Jan 2013

by Executive Staff January 23, 2013
written by Executive Staff

Gold held near a one-month high on Wednesday but faces a strong resistance at US$1,700 an ounce, as it struggles to attract fresh buying from investors who opted for riskier assets against the backdrop of a global economic recovery.

More from Reuters

 

Brent crude held above $112 a barrel on Wednesday, supported by a brighter outlook for the global economy while investors awaited inventory data from the United States for clues about demand in the world's largest oil consumer.

More from Reuters

 

Israeli Prime Minister Benjamin Netanyahu has pledged to form "start anew," after his alliance won a narrow election victory.

More from the BBC

 

Egypt recorded a 17 percent rise in tourists in 2012 and a 13 percent increase in income generated, the tourism minister said on Tuesday, indicating a steady recovery in the vital industry.

More from Reuters

 

Dubai used its first big debt sale of 2013 on Tuesday to show the world the glitzy desert city-state had well recovered from its credit crisis of four years ago, as investors scrambled to get a piece of the $1.25 billion deal.

More from Reuters

 

Lebanon’s Telecoms Minister Nicolas Sehnaoui has shrugged off allegations made by Future Movement MP Ghazi Youssef that he had embezzled government funds.

More from The Daily Star

 

Companies

The first phase of Doha’s new Hamad International Airport will open on April 1, initially accommodating 12 passenger airlines and low-cost airlines.

More from Gulf Business

 

Bahrain Telecommunications Co reported a 10th profit drop in 11 quarters on Tuesday as domestic competition and one-off charges from a cost-cutting program hurt the bottom line.

More from Reuters

 

The Beirut-based car company W Motors has completed the first prototype of its $3.4 million “ultra-luxury hypercar” and is gearing up to officially launch sales at the Qatar Auto show on Jan. 29.

More from The Daily Star

 

Lebanese nuts maker Al Rifai has ceased its cooperation with Kuwaiti partner Saleh Al Homaizi.

More from Lebanon Business News

January 23, 2013 0 comments
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The Buzz

Morning briefing: 22 Jan 2013

by Executive Staff January 22, 2013
written by Executive Staff

Economics

Brent crude edged up near US$112 a barrel on Tuesday as Japan was expected to pump in more money to boost its economy, adding to positive growth signals from the United States and China in past weeks.

More from Reuters

 

Saudi Arabia, the world’s largest crude exporter, said it cut production last month to adjust to decreased demand rather than to prop up oil prices.

More from Bloomberg

 

Gulf Arab countries have promised Yemen further aid on top of the $7.9 billion pledged by foreign donors last autumn, but an amount has yet to be specified, a Yemeni government minister said Monday.

More from Reuters

 

The Lebanese government’s 50-day plan to encourage tourism with discounts appears to be struggling after two weeks, with many hotels still empty.

More from The Daily Star

 

Rents in Dubai rose 16 percent in 2012 as confidence returned to the emirate's property market.

More from The National

 

Saudi Arabia has called for a minimum 50 percent increase in the capital of the Arab Fund for Economic and Social Development, a leading Arab soft-loan development institution, and urged more commerce between Arab countries.

More from Reuters

 

Companies

German luxury car maker Audi plans to double its Middle East sales to at least 20,000 vehicles a year by 2020, helped by investment in showrooms and service centres, its local chief said.

More from Gulf Business

 

The US$13 billion merger of Abu Dhabi's largest developers could free up stalled projects in the city as the new merged entity rethinks its strategy.

More from The National

 

Shares in Abu Dhabi's Aldar Properties drop 6.1 percent to a two-week low, extending losses since announcing an all-share merger with Sorouh Real Estate.

More from Arabian Business

 

Tamweel, the Dubai-based Islamic mortgage lender, posted a 11.3 percent drop in fourth-quarter net profit on Tuesday, Reuters calculations show, with the company blaming a full-year decline in earnings on provisions.

More from Reuters

January 22, 2013 0 comments
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The Buzz

Morning briefing: 21 Jan 2013

by Executive Staff January 21, 2013
written by Executive Staff

Economics

Gold inched up on Monday to reverse losses from the previous session, bolstered by expectations for aggressive monetary easing from the Bank of Japan.

More from Reuters

 

Average rental rates for residential property in Dubai increased 17 percent last year while villa rentals rose 14 percent following a rebound in the emirate’s real estate sector, according to a new report.

More from Arabian Business

 

Masdar and Morocco have signed a framework agreement that paves the way for investment into the North African country's burgeoning renewable energy sector.

More from The National

 

The number of tourists in Lebanon during 2012 reached 1.36 million, down by 17 percent from 2011, according to the statistics of the Ministry of Tourism (MoT).

More from Lebanon Business News

 

Companies

Growth in Lebanon’s Bank Audi’s local and foreign operations – mainly Turkey and Egypt – have outpaced the contraction of its activity in Syria, the bank reported Sunday as it released its 2012 end year results.

More from The Daily Star

 

WorleyParsons has been awarded a three year contract by Shell Gas Iraq BV to provide project management support and services for the rehabilitation of gas facilities and infrastructure that are part of the scope of Basrah Gas Company (BGC).

More from Worley Parsons

 

Etihad Airways has signed a three-year, multi-million dollar partnership with Sydney Opera House in a bid to further grow its cultural profile in Australia.

More from Gulf Airways

 

Saudi Arabia’s Kingdom Holding, the investment firm of billionaire Prince Alwaleed bin Talal, posted an 11.6 per cent increase in its fourth-quarter net profit, it said in a bourse statement on Monday.

More from Gulf Business

 

Saudi Arabian Mining Co (Maaden) posted a forecast-beating 45 per cent increase in its fourth-quarter net profit after it began production of ammonia and di-ammonium phosphate, it said in a bourse statement on Sunday.

More from Reuters

January 21, 2013 0 comments
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The Buzz

Morning briefing: 18 Jan 2013

by Executive Staff January 18, 2013
written by Executive Staff

 

More companies are expected to buy the oil and gas data from Lebanon as the bid for the first round of a prequalification tender in February, the CEO of Britain-based Spectrum has said.

More from The Daily Star

 

The United Arab Emirates’ economy is estimated to have grown by around 4 percent in 2012, little changed from the previous year, and a similar clip is seen in 2013, its economy minister has said.

More from Reuters

 

Two days of talks between the UN atomic agency and Iran have ended in Tehran, apparently without agreement, a diplomatic source told yesterday.

More from The National

 

The Lebanese Cabinet authorized, in its session Thursday, the Energy and Finance ministries to mull funding for a $305 million project aimed at boosting power supply by 260 megawatts.

More from The Daily Star

 

Companies

Dubai stocks rose to the highest level in more than two years as the emirates’ biggest companies prepare to report full-year earnings that investors expect will improve amid an economic recovery.

More from Bloomberg

 

Russian oil major Lukoil has renegotiated its contract for the West Qurna 2 oil field, reducing the production target from 1.8 million barrels per day (bpd) to 1.2 million bpd.

More from Iraq Oil Report

 

Elsewhere in Iraq, Baghdad is considering a proposal for British oil giant BP PLC to begin work on a major oil field that lies in territory contested by Baghdad and the country's Kurdish minority.

More from Associated Press

 

Qatar National Bank is said to be among the suitors to submit preliminary bids to buy Rabobank's Indonesian unit in a $400m deal, sources with direct knowledge of the matter have said.

More from Arabian Business

January 18, 2013 0 comments
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Economics & Policy

A beginner’s guide to Lebanon’s oil and gas

by Joe Dyke January 18, 2013
written by Joe Dyke

Lebanon's oil and gas sector has the potential to transform the country's economy. Experts estimate the gas in Lebanon's waters may be worth more than $75 billion, nearly double the country's GDP.

If done well, the resources could be used to reduce debt while also stimulating growth. But if politicians negotiate bad deals or if corruption seeps in, Lebanon could be hit by so-called 'Dutch disease' – with the country becoming inefficient and other sectors suffering.

Without an understanding of the country's oil and gas sector, the public will struggle to hold politicians to account on the issue.

Therefore, we present our beginner's guide to the issues. Click here or on the image below to see the interactive tables.

January 18, 2013 0 comments
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Since its first edition emerged on the newsstands in 1999, Executive Magazine has been dedicated to providing its readers with the most up-to-date local and regional business news. Executive is a monthly business magazine that offers readers in-depth analyses on the Lebanese world of commerce, covering all the major sectors – from banking, finance, and insurance to technology, tourism, hospitality, media, and retail.

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    Executive Magazine
    • ISSUES
      • Current Issue
      • Past issues
    • BUSINESS
    • ECONOMICS & POLICY
    • OPINION
    • SPECIAL REPORTS
    • EXECUTIVE TALKS
    • MOVEMENTS
      • Change the image
      • Cannes lions
      • Transparency & accountability
      • ECONOMIC ROADMAP
      • Say No to Corruption
      • The Lebanon media development initiative
      • LPSN Policy Asks
      • Advocating the preservation of deposits
    • JOIN US
      • Join our movement
      • Attend our events
      • Receive updates
      • Connect with us
    • DONATE