Eight Top Lebanese on Wall Street

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wall_street
Picture taken from Executive-Magazine

Executive Magazine highlights in its recent articles cases of successful Lebanese across the Big Apple – in retail, food, advertising and even diplomacy. I listed them below but you can read more about them if you like [Here].

Name: Anwar Zakkour
Company: JP Morgan
Title: Vice-chairman of investment banking
Would you move back to Lebanon: “I would consider experimenting with a move, probably after retirement”
Will you vote in next elections: “No”

Name: Rudolph-Riad Younes
Company: Artio Global Investors
Title: Head of International Equity
Would you move back to Lebanon: “Very difficult to do anything constructive in our field in Lebanon”
Will you vote in next elections: “I should”

Name: Habib Kairouz
Company: RHO Ventures
Title: Managing partners
Would you move back to Lebanon: “Definitely after retiring. Question is if I would consider going back while working”
Will you vote in next elections: “Yes”

Name: Wissam Kairouz
Company: Morgan Stanley
Title: Managing Director in Leverage and Acquisition Finance
Would you move back to Lebanon: “I always think and still hope I will”
Will you vote in next elections: “I hope so. I think so”

Name: Marc Malek
Company: Conquest Capital Group
Title: Founder and Managing Partner
Would you move back to Lebanon: “I consider it every day. It boils down to a security question”
Will you vote in next elections: “Yes”

Name: Jimmy Traboulsi
Company: Capital E Group
Title: President
Would you move back to Lebanon: “I don’t think so, I never really lived there”
Will you vote in next elections: “Yes, if I can vote for anyone I want and not just for someone from my own religion”

Name: Charles Boorady
Company: Triple Tree Capital Partners
Title: Managing Partner
Would you move back to Lebanon: “I spend four weeks a year in Lebanon and hope to spend more time there”
Will you vote in next elections: “I don’t know”

Name: Samer Nsouli
Company: Lyford Group International
Title: Chief Investment Office
Would you move back to Lebanon: “The problem is [foreign] investors frown upon you being in Lebanon”
Will you vote in next elections: “Yes”

Thanks Roy!

Air Crash Investigation S12E11 – Ethiopian Airlines Flight 409

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Mayday / Air Crash Investigation S12E11 [Source]

Up until today, and even though the black box was found, we still don’t know how this plane crashed.

Ethiopian Airlines Flight 409 was an international scheduled Beirut–Addis Ababa passenger service that plunged into the Mediterranean Sea shortly after takeoff from Beirut–Rafic Hariri International Airport on 25 January 2010, killing all 90 people on board. This was the first crash for Ethiopian Airlines since the hijack of Ethiopian Airlines Flight 961 in 199

How a drink for Arab mystics went global

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Picture taken from BBC

I had no clue coffee traced back to the Arab World. Read the rest of the article [Here].

Although a beverage made from the wild coffee plant seems to have been first drunk by a legendary shepherd on the Ethiopian plateau, the earliest cultivation of coffee was in Yemen and Yemenis gave it the Arabic name qahwa, from which our words coffee and cafe both derive.

Qahwa originally meant wine, and Sufi mystics in Yemen used coffee as an aid to concentration and even spiritual intoxication when they chanted the name of God.

Thanks Mohammad!

Telecom Ministry announces measures to prevent illegally imported devices

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Update: Here’s a [link] to an article from the DailyStar

I just finished reading the latest statement done by the Minister of Telecommunication Nicolas Sehnaoui and based on what I understood:

– New measures will take place as of June 1, 2013 in order to prevent illegally imported devices & protecting the consumer from counterfeits. All imported devices (Smart phones and 3G Enabled tablets and devices) after June 1 2013 will have to be registered now at Alfa or MTC at the airport otherwise they will not work. This means that if you purchased a new phone from abroad, you will have to register it or else you won’t be able to use a Lebanese SIM on it.

– Knowing that the iPhone is not officially distributed in Lebanon, if the government allows few local dealers to sell the iPhone, it will be at least 25% more expensive due to custom fees and VAT. As for other iPhones, if you activated them and used a Lebanese SIM before June 1, 2013 then you will be safe.

– If you wish to sell your phone, u need to release it by sending an empty sms to 1014 then sell it. Also and I am not sure if I got this properly, but if you have two SIMs, you need to release the phone from the first SIM then register it to the second SIM.

I honestly have mixed feelings about these measures as I worry that even though they might stop smuggling and counterfeit products, but it will pave the way for few dealers to control the market and set their own prices. I read that this might be an advertising for phones with contracts as hinted by Alfa during the Arabnet conference but I am not sure about it.

Thanks Amer for the help!

Juste après…

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lebanese_politician
Picture taken from RyanHamze

A great read [Just après ..] in L’Orient Le Jour today written by Hala Moubarak.

Où sont passés les idéaux ? Les hommes, les vrais. Les ancêtres de la nation – parce que c’est une nation qu’il nous faut reconstruire avant le pays et bien avant la politique, et surtout avant de parler élections législatives.
Une nation ! Là où tous les cœurs battent ensemble, pour les mêmes intérêts, contre un même ennemi. Toutes ces soirées à regarder des programmes télévisés qui ne font que nous rendre un peu plus comateux, plus apathiques. Une masse qui suit au lieu de brûler le pays pour reconstruire une nation, une masse qui a faim, qui n’a pas pu fêter Noël, qui s’endette de plus en plus. Une masse divisée en deux.
Le dégoût de soi, le dégoût de moi… de ne rien pouvoir faire, alors que je suis de ceux qui se baissent pour ramasser les morceaux.