In November 2023, four years after the start of Lebanon’s severe financial crisis, Harvard Growth Lab suggested that Lebanon consider adopting full dollarization among other economic and financial restructuring and…
financial crisis
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Safety, security, stability, and sustainability have become enshrined as humanitarian wishes in our global community. These concepts inform our values and perceptions of universal human rights. In concert with dignity…
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Banking & FinanceCommentSpecial Report
No Legal Legs to Stand On: Mikati’s Plan for the Financial Crisis
Since the start of Lebanon’s financial woes at the end of 2019, the government has proposed several measures to address the liquidity crisis in banks. Yet all the suggested measures…
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After the exhausting rush of 2010, which saw new luxury boutiques cropping up in downtown Beirut like saplings in springtime, Lebanon’s luxury retail market has settled into a more stable…
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Bankers and politicians alike delight in calling the banking sector immune — immune to the financial crisis, immune to political rumblings and knee jerks in public opinion. But the…
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The Arab World’s 16 active stock markets’ combined market capitalization in the fourth quarter of 2010 amounted to substantially more than $900 billion, confirming that Middle East and North…
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Raya Hassan has been Lebanon’s Minister of Finance since the government was sworn in, in November 2009. Before becoming a minister, she worked in the office of the prime minister…
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An economic crisis is too good an opportunity to waste. It is an ideal time to step off the treadmill and ponder improving your business, your core offering and your…
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One can hardly describe the recent pick up in initial public offerings in the Middle East and North Africa region as a recovery. As of July 22, the number of…
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Sheikh Mohammed bin Rashid al Maktoum, ruler of Dubai and vice president of the United Arab Emirates, likes nothing better than foreign media reports depicting his emirate as the “economic…