In recent years, the Lebanese banking sector has been breaking records time and time again. Within the first nine months of 2008, Lebanese banks saw an astounding $7.8 billion increase …
economy
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It’s that time of year again, but this time the party hats and horns are being distributed with a bit more caution than in previous years. Depending on who you …
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By Invitation
Potholes and checkpoints along Lebanon‘s knowledge economy path
by May Wazzanby May WazzanThose who had previously destined the ‘knowledge economy’ (KE) to buzzword status have probably changed their minds by now. The concept has had immense implications for the behavior of governments, …
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The resilience of the Lebanese has become legendary, and each war confirms that by the end of it people will sweep off the rubble and return to business as usual. …
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A deep-felt sense of relief descended on Lebanon as soon as Lebanese politicians inked the Doha Agreement on May 21, ending nearly 18 months of political deadlock. It was remarkable …
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Syria’s current economic performance is strong, as the country benefits from growth in exports and inflows of private investment, which helped the economy to grow at a rate of 6.2% …
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As I am writing these words, stock markets around the world are witnessing one of the most dramatic free falls in their history. The subprime problem is now snowballing to …
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This year’s Executive Facts and Forecasts has picked three nations in the MENA region that it believes best represents its economic heartbeat: an emerging Sudan, a thrusting UAE and a …
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There is little doubt that reform over the past 15 years is helping Jordan to grow. The Jordanian economy has done especially well recently: Jordan’s real gross domestic product grew …
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By Invitation
Overcoming the debt trap in Lebanon: from a rent-based to a productive economy
by Georges Cormby Georges CormAny proper understanding of the debt phenomenon in Lebanon requires a short historical review of how this huge amount of debt could have piled up. It is to be noted …