Posted By
Najib
Feb 23, 2019 05:14
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…
Posted By
Najib
Jan 05, 2019 03:47
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 can download it . I haven't had the chance to read it yet but what I find weird is the timing of its publishing as Caretaker Economy Minister Raed Khoury said he won't be publishing it before the new government…
Economics
5 years 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
5 years 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
5 years 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
5 years 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
6 years 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
6 years 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
6 years 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? ...
Critiques
6 years ago
The newly approved VAT increase from 10% to 11% will have a negative impact on all Lebanese as it will lead to an increase in living expenses and a decrease in the purchase power. Some ...
