LCPS 2018 Report: 95% of Lebanese Think We’re Headed in The Wrong Direction

The Lebanese Center for Policy Studies released its Feb 2019 report and revealed some interesting finds after conducting a survey back in October 2018 with 1,200 respondents. According to the repot, The survey was distributed equally between genders, and is representative of the confessional and regional distribution of Lebanese citizens. Here are some of the findings: - 98% of Lebanese think that there is corruption in the country. - 95% of respondents believe the country…

Lebanese Candidate Ziad Hayek to Challenge U.S. President Trump’s Choice

World Bank elections are nearing and Lebanon has put forward a candidate that may challenge U.S. President Trump’s Choice David Malpass. In fact, the status-quo in picking the world bank president, which relied on a gentlemen's agreement between the US and its European allies, may not be respected in the upcoming elections following tensions between the Trump administration and European countries. Lebanon's candidate is Ziad Hayek, has previously served as chief executive of Lonbridge Associates…
Business

The McKinsey Report for #Lebanon is Out!

2 months ago
The Ministry of Economy has uploaded the McKinsey full report entitled “Lebanon Economic Vision” on its website. It’s a 1274 pages long report with a long and comprehensive executive summary of around 150 pages. You ...
Economics

Lebanon’s Gross Public Debt In First Half of 2018 is Higher Than All of Last Year’s Debt

4 months ago
During 2017, Lebanon’s gross public debt hit $3.76 billion. During the first half of 2018 only, the gross public debt grew by $3.4 billion, vs $1.6 billion in the same period of 2017. Overall, Lebanon’s ...
Business

World Bank Urging Lebanese Authorities To Form Government, Implement Reforms

4 months ago
We have the world’s third largest public debt-to-GDP ratio, fiscal and electricity reforms, which are seen as priorities ,are not in place yet; inflation is the highest in five years, projection for 2018 real GDP ...
Economics

Lebanon Among the 20 Most Corrupt Countries in the World

5 months ago
The 2018 Global Competitiveness Report is out and Lebanon has ranked 80th out of 140 countries, which is a major improvement from last year’s 101st spot but there are still a lot of worrying indicators ...
Economics

Lebanon’s Inflation Rate at 6.5 Percent, Highest in Five Years

8 months ago
A deteriorating economy, alarming unemployment rates, a crumbling infrastructure, an ever increasing corruption rate and on top of all that increasing consumer prices. In this recent BLOM report, all components of the Consumer price index ...
Critiques

Unemployment Rate in #Lebanon at 46%?

11 months ago
I was just reading that President Aoun warned yesterday “that the grave economic situation, presence of Syrian refugees and the reluctance of Lebanese to take low-paid jobs has caused unemployment to soar to 46 percent”, ...
Business

VAT is Officially 11% Now in #Lebanon

1 year 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, ...
Critiques

How will Tax Increase Affect Us?

1 year ago
The new taxes were approved and the laws were published Monday as a special appendix to the Official Gazette, which means that they are already in place as we speak. What are these new taxes? ...
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