Supporting Lebanon’s Struggling Hospitality Industry

I woke up today to the news that Le Bristol Beirut is shutting down after 70 years. Even though this was not confirmed yet by the hotel's management, it goes without saying that Lebanon's hospitality industry has been suffering for months now and the latest COVID-19 pandemic has made the situation ten times worse. Just to give you an idea, Lebanon's hospitality industry employs more than 394,000 people which is 18.4% of total employment. Added…

#JobsforLebanon: Make Lebanon Work

In addition to the health pandemic that the World is suffering from, Lebanon has been going through a disastrous economic crisis with soaring unemployment rates and thousands of business closures. For that purpose and earlier this year, Jobs For Lebanon was created to enable the 16 million Lebanese across the world to create new job opportunities and recruit local talent. The aim in is to help talented and skilled workers now stuck at home with…
Critiques

With BDL’s Latest Circular, We Now Have Four Lebanese Lira Rates

1 year ago
Leave it to the BDL geniuses to figure out new ways to screw us over while pretending to “facilitate” cash withdrawals for people. It took me a couple of hours today to understand the latest ...
Critiques

Defaulting is Imminent

1 year ago
Moody’s downgraded in the last few days Lebanon’s government issuer ratings from Caa2 to Ca, which translates to “Judged to be highly speculative and with likelihood of being near or in default, but some possibility ...
Critiques

2019 Corruption Index: Lebanon Ranked 137 Out of 180

1 year ago
“Nearly one in two people in Lebanon is offered bribes in exchange for their votes, while more than one in four receive threats if they don’t vote a certain way”. [Full Report] I think this ...
Critiques

A Saudi-like Shisha-Tax Could Work in Lebanon

1 year ago
Saudi Arabia implemented last week a highly controversial Shisha tax that is angering a lot of people online. To sum it up, you get taxed 100% on your bill at any Shisha cafe or restaurant ...
Beirut

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

1 year ago
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 (#21), Abu Dhabi (#33) and Riyadh (#35). “Mercer’s widely recognized survey ...
Critiques

The Proposed Austerity Budget: A Recipe for Chaos

1 year ago
“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, ...
Business

Lebanon’s Debt Increases $21,000 Every Minute

2 years 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

2 years 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 ...
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