Over the past 30 years, there has been a proliferation of special economic zones under a myriad of names: “free zone”, “free trade area”, “export-processing zones”, and “special economic zones”,…
economics
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One comes out of the IMF/World Bank annual meetings in Washington DC realizing how much the world economic landscape has changed over the last several years. The rise of emerging…
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What are the three most important things for GCC real estate developers? The proper answer has to be (1) strategy, (2) strategy, and (3) strategy. This is the case for…
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Beirut Gate, the $600 million Abu Dhabi-financed real estate development in Solidere, is going ahead as planned. How quickly and successfully it does so will be a confidence test for…
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We have spoken at great length, and on several occasions, in these pages about the Gulf capital markets and equities in particular. Twice, in the last quarter of 2005, we…
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In early July 2006, Liban Lait, Lebanon’s largest dairy farm, was witnessing an unprecedented growth spurt. “At the beginning of July, the market was booming; we had a peak in…
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The July war had many similarities to the outbreak of the 1975 hostilities – most notably in how it began, with a political party dragging the nation into conflict –…
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Like many Lebanese at the time, my grandfather, Esper Karam, left Lebanon at the end of the 19th century and headed for Brazil to make his fortune. He established Esperadio…
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We business journalists are often invited to dinners and lunches along with many heads of private sector companies. Without fail, we are asked about the outlook for the economy, as…
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Syria’s ruling Baath Party introduced a meager set of reforms at its June 6-9 congress, dashing hopes that the eagerly-awaited event would launch a more rapid process of economic and…