Lebanon has often been referred to as the “Switzerland of the Middle East,” a line once taken seriously until the 1975-1990 war brought on howls of laughter whenever that cliché …
lebanon
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With high oil prices pumping fairy-tale-like sums of money into the coffers of the oil producers, the private equity wave is sweeping the region, with more and more capital looking …
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A few weeks ago, a friend, who works in finance, told me a story. A Lebanese banker had come to see him and, very excitedly, told him about a great …
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Is the government losing to Hizbullah in the battle of hearts and minds over reconstruction from last year’s devastating month-long war? Although much has been achieved in the past 12 …
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One aspect of any form of capitalist culture — a culture of openness, cosmopolitanism, free minds and free markets — is the rule of law. With September 25 set as …
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Former jewelry designer Paula Naaman launched her scarf collection seven years ago with only four designs and ended up with more than 40 orders at her first trade fair. While …
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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 …
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In July, a controversy erupted when two Israel journalists traveling under foreign passports came to Lebanon to report on the country a year after the summer 2006 war. The pair, …
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Slump? What slump? If you listen to some of the pundits, one would be forgiven for thinking that the Beirut real-estate sector had forgotten the country is on the edge …
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Last March, Lebanon requested to use $77 million (25% of itsquota) of IMF financing as Emergency Post-ConflictAssistance (EPCA) for the first time since it joined thisinternational financial institution on April …
