#Lebanon Still Has Third Highest Debt-to-GDP Ratio in the World

Debt is not necessarily a bad thing when governments borrow to fund spending on infrastructure or hospitals and schools, which is clearly not happening in Lebanon. Still though, we have an increasing debt-to-GDP ratio at 156.1 and we're closing in on Greece in second spot. That's a problem McKinsey is expected to help with, but that will require a complete restructuring of the economy and a war on corruption. No oil business is going to…

Can McKinsey Help Revive Lebanon’s Economy?

Lebanons is hiring McKinsey & Co. to help restructure the economy and has apparently given the company half a million dollars in advance to kick off the study. The six-month agreement should kick off next week according to Economy and Trade Minister Raed Khoury, who stated that current figures suggest that "Lebanon has no choice but to restructure its economy". In fact, overall unemployment stood at 24% as of 2014, with rising youth unemployment exceeding…

Holidays Tourists Spending Down by 30% in 2017, NYE Parties Booking Ratio Up to 80%

2 weeks ago
The Syndicate of Owners of Restaurants, Cafes, Nightclubs & Pastries in Lebanon stated a week ago that spending during the holidays has dropped by 30 to 40% this year when compared to last year. He ...

VAT is Officially 11% Now in #Lebanon

2 weeks ago
The increase in VAT from 10 too 11% officials went into effect yesterday on Jan 1st 2018. The 1% increase is expected to lead to a 5 to 7% increase in the prices of goods, ...

Lebanon’s Central Bank Prohibits The Use of Bitcoin

1 month ago
A friend posted yesterday about BDL’s ban of bitcoin in Lebanon so I remembered an old draft I had not published yet about that matter. One month ago, during the 7th CSR Lebanon Forum, Central ...

Beirut Ranked 101st Most Stressful City in the World

3 months ago
An online website (Zipjet) ranked the least and most stressful cities in the world using various factors such as green spaces, public transport, mental health, noise pollution, sunshine hours, air pollution, traffic and race equality. ...

12 Lebanese Women in Forbes’ Top 100 Most Powerful Arab Businesswomen 2017 List

5 months ago
The 2017 Forbes list of the 100 most powerful Arab Businesswomen is out and 12 Lebanese women made the list. Forbes collects information from annual reports and company websites and look at criteria such as ...

Le Charcutier Aoun is not Selling and will Remain 100% Lebanese

7 months ago
For the past three years, I’ve been hearing rumors about Charcutier Aoun selling out to Al Futtaim but the deal never took place. Negotiations were apparently serious this year but the deal was cancelled and ...

Where is Lebanon Headed?

8 months ago
Mustapha From Beirut Spring shared with me a really important piece by Synaps on Lebanon’s economy and where the country is headed to. It’s a bit long but an eye opener and a must-read if ...

Travel & Tourism 2017 Index: Lebanon Among The Least Safe Countries in the World

9 months ago
The 2017 Travel and Tourism Competitiveness Index measures “the set of factors and policies that enable the sustainable development of the travel and tourism sector, which in turn, contributes to the development and competitiveness of ...