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Lebanon ratifies 2019 budget
More than seven months into the fiscal year, Lebanon ratified its 2019 state budget. The law’s passage comes after months of delay and deliberation over expenditure-saving and revenue-boosting...
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Gas sector a catalyst for further cooperation between Lebanon and Egypt
The first six months of 2019 saw an unusual series of meetings between Lebanese and Egyptian officials, with energy cooperation at the core of these discussions. If memory serves well, the frequency...
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US sanctions Hezbollah lawmakers
Last month, the United States designated two elected Lebanese legislators and members of Hezbollah as terrorists. This was an escalation of the US measures targeting the party, alleging that Hezbollah...
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The deterioration of human capital in Lebanon
Economic and social prosperity in a country is measured by assessing the standard of living of its people. Those born in a country with high levels of poverty and corruption have a higher risk of...
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Le Gray’s general manager’s four years in Beirut
Lebanese born and raised, George Ojeil was the hotel manager at the Intercontinental Hotel in Amman, Jordan, when he was offered the position of general manager (GM) of Le Gray Beirut, which he...
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Education and the 21st century
The 21st century will cause a rupture in the way we think, feel, behave, create, produce, and live. Fire took eons to start changing humanity—tools, a little less. The first agricultural revolution...
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Are Arab countries on track for UN education goals?
A region of renowned civilizations and contribution to humanity, the Arab region has become one of paradoxes in recent times: Young, highly educated, dynamic nations, on the one hand, and multiple...
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The view from Lebanon’s education ministry
The Lebanese economy is changing. Our education system must follow suit. The Ministry of Education and Higher Education (MoEHE) is committed to achieving the United Nations Sustainable Development...
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Updated laws on e-transactions, offshore companies, and code of commerce
Pressure to update the seven-decades-old Lebanese code of commerce was threefold. First, pressure to reform followed the decision of Banque du Liban (BDL), Lebanon’s central bank, to issue Circular...
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A plane in the sky
You can no longer live in denial, just clicking on what interests you in this fake voyeur world. Stop looking the other way, reality is now upon us. Swiping left is no longer an option. The drums of...
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Lebanon needs a long-term solution to its trash woes
Lebanon on the precipice of another trash crisis, with its own garbage floating in the sea, lining the streets, and forming a mountain in Tripoli. All this not even five years after the last crisis...
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Lebanese investors must stay alert to opportunities
In today’s Lebanon there are two biases. Let us call them the phoenix bias and the shithole bias. The first is the narrative of an indestructible culture, a country and haven of wealth that has never...
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Asset management in Lebanon
The problem of our age is the proper administration of wealth, so that the ties of brotherhood may still bind together the rich and poor in harmonious relationship. The problem of Lebanon in the...
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Reinvention of Lebanese equities and the coming capital market
Metaphorically, the asset class of equities, based on trading claims of minuscule ownership slices in listed enterprises, is the ballroom dance queen and king in the palace of financial markets....
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Questioning Lebanese real estate as an investment proposition
In the beginning, the land was empty and without borders, but then came people who settled on the land and built upon it. The people divided the land into plots large and small and invented rights of...
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Lebanon’s struggle to implement a coherent waste management strategy
Calls for a sustainable solid waste management plan in Lebanon have not abated over the four years since the last garbage crisis left Beirut’s streets littered with trash in 2015. Its presence is very...
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Currencies, bonds, gold, and emerging assets
The mundane reality of human wealth advisories is keeping investors in the purgatories of risk. Thus, it seems proper for the investor to track the evolutions of asset classes in a world where...
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The opportunity of peer-to-peer lending in Lebanon
Through conversations with Lebanese entrepreneurs, business owners, bankers, and politicians, I have had a number of eye-opening discussions into the challenges and opportunities faced by Lebanon’s...
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Book review: Aftermath, Seven Secrets of Wealth Preservation in the Coming Chaos
American economic writer James Rickards has delivered his fourth book on dystopian economics in a series that started in 2011 with the publication of The Currency Wars. Aftermath, released in July,...
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New ABL chair talks adjustments to state budgets and his views on banking
As the banking sector is, for the umpteenth time in the last quarter century, the litmus test for Lebanon’s economic survivability and hopes of prosperity, Executive sat down with Salim Sfeir,...
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