2019 Mercer Report: Beirut 53rd Most Expensive City WorldWide, Fourth Among Arab Countries

Mercer's 2019 Cost of Living Survey ranked Beirut as the 53rd most expensive city in the world, and fourth among Arab cities after Dubai , Abu Dhabi and Riyadh . "Mercer's widely recognized survey is one of the world’s most comprehensive, and is designed to help multinational companies and governments determine compensation allowances for their expatriate employees. New York City is used as the base city for all comparisons, and currency movements are measured against…

The Proposed Austerity Budget: A Recipe for Chaos

"Lebanons is nearing fiscal crunch", "Lebanese PM Warns of Catastrophe", "EBRD urges Lebanon to pursue painful economic reforms to avoid crisis", "Lebanon Is Facing an Economic and Environmental Disaster" and "As Lebanon leaders talk austerity, protesters cry ‘thieves!’" are some of the headlines you find online on the current financial situation in Lebanon. Are we facing a financial crisis? Definitely. Is the country on the brink of collapse? We've been hearing that for the past…
Business

Lebanon’s Debt Increases $21,000 Every Minute

3 months ago
In 2018, Lebanon’s national debt increased by $6.6 Billion Dollars, which amounts to almost $12,500 every minute. This year, the debt is expected to increase by $11 Billion Dollars, which means that that it will ...
Business

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

4 months ago
The Lebanese Center for Policy Studies (LCPS) 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 ...
Business

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

4 months ago
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 ...
Business

The McKinsey Report for #Lebanon is Out!

6 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

8 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

8 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

9 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

1 year 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 ...
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