stimulus

Banque du Liban (BDL), Lebanon’s central bank, makes a curious claim on its website. Under “Monetary Overview” in the “About Us” section, the bank says that, beginning in 2013, it…

Subsidies are always tricky and generally dangerous. Benefits are impossible to predict with certainty and unintended consequences range from valuation bubbles and boosts of inflation to loss of competitiveness. Governments…

As cities go, Beirut has every reason to be regarded as the grand dame of regional urbanity — a proud dowager that stands out among Arab metropolises as queen of…

Instead of hoping for good political news in Lebanon today, property hunters should just trust their fortunes. The country is much more stable than it looks, and smart money has…