Three Key Obstacles For Firms In Lebanon: Instability, Corruption & Electricity

Business owners and top managers in 561 firms were interviewed from April 2013 through September 2014 and the top three obstacles for Lebanese companies willing to grow were identified as Political Instability, Electricity and Corruption. In terms of corruption, 1/3 of Lebanon's firms had requests for bribes, and 40% of them stated they were expected to give gifts to get a construction permit for example. Bribery incidence : 30.2 in Lebanon vs 27.2 in all…

Lebanon Among The 15 Most Billionaire-dense Countries: One Billionaire For Every 586,000 Lebanese

Someone crunched the numbers from Forbes' 2015 billionaire list and came up with a a list of the most billionaire-dense countries. Lebanon made the list with 7 billionaires for a population of 4,104,000, which equals one billionaire per 586,286 Lebanese. The Mikati and Hariri families are basically Lebanon's billionaires in addition to Robert Mouawad. It is worth noting that the Hariri and Mikati families are originally from Saida and Tripoli, two of the poorest areas…
Business

LOGI: An Initiative To Advocate For Transparency in Lebanon’s Oil & Gas Industry

9 years ago
We all know by now that Lebanon’s oil and gas reserves off its coast might be the richest and best in the Mediterranean, and a lot of Lebanese are thrilled about this discovery and already ...
Business

16 Lebanese Featured Among The 100 Most Powerful Arabs Under 40

9 years ago
Arabian Business published the 100 most powerful Arabs under 40 list which included 16 Lebanese. The top ranked was Iqbal Al Asaad who’s a Palestinian refugee in Lebanon, followed by Amal Clooney, Maher Zain, Rani ...
Business

Can Minister Abou Faour Implement The Smoking Ban (Law 174) In Lebanon?

9 years ago
Health Minister Wael Abu Faour announced that indoor smoking ban will be enforced, and that the ministry will be raiding restaurants and other enclosed public places to make sure the law is being implemented. The ...
Business

Can You Chat With An Israeli Or Become Friends With One? What Are The Rules Of Lebanese-Israeli Engagement?

9 years ago
via NowLebanon As you all know, relations between Israel and Lebanon are governed by two laws, the 1943 Lebanese Criminal Code and the 1955 Lebanese Anti-Israeli Boycott Law which forbids any interaction with nationals of ...
Business

London’s ‘Gherkin’ Tower Sold To Lebanese-Brazilian Billionaire Joseph Safra

10 years ago
Joseph Safra is presumably the richest banker in the world and is the top ranked Lebanese in the world’s richest Arabs list. The Safra Group bought the Gherkin for a bit over 1 Billion Dollars. ...
Business

Lebanon’s Top 20 Entrepreneurial Companies in Science and Technology

10 years ago
Rami Khawandi, the founder of the Tari2ak app which I posted about few weeks back made the list Executive Magazine revised their methodology for this year and compiled 20 of the hottest entrepreneurial enterprises in ...
Beirut

CNN Money Puts Beirut On Top Of The Up-and-coming Cities For The Rich

10 years ago
Source According to Savills, Candy & Candy, and Deutsche Asset & Wealth Management, Beirut is the top city for real estate investors over the next few years. Honestly, it’s very surprising to read that real ...
Business

Lebanese Michel Daher rings Wall Street opening bell for the second time in three years

11 years ago
Michel Daher is the founder and chairman of Daher Capital. He also founded Master Chips and Poppins, two of the largest FMCG companies in the Middle East and North Africa, as well as the very ...
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