Lebanon Among The Top 20 Countries With The Largest Flows Of Remittance Payments From The U.S.

Migrants to the United States are responsible for sending almost a quarter of the global total of intentional remittances. While the countries with the biggest flows are Mexico, India and China, Lebanon is in 14th position and sent over 1.5 Billion Dollars in the year 2012. The map was done by Pew Research Center based on data from the World Bank. Read the full article .

Lebanese Economist Rand Ghayad’s Research On Long-Term Unemployment

Rand Ghayad is a Lebanese Economist who will shortly be receiving his Ph.D. in economics from Northeastern University. He published a paper back in 2012, along with his doc­toral adviser William Dickens, which offered a new take on long-term unemployment and found that "the long-​​term unem­ployed were qual­i­fied for jobs but were ranking lower than other poten­tial can­di­dates because of the length of time they had been out of the workforce". Rand's paper was described…
Economics

Standard & Poor’s Cuts Lebanon’s ratings To B-

11 years ago
As a result of this downgrade, S&P lowered as well the ratings of three Lebanese Banks, Bank Audi SAL–Audi Saradar Group, BankMed s.a.l., and Blom Bank, from B to B-. What S&P is basically telling ...
Economics

Lebanon 111th in ‘Ease of Doing Business’ global report; UAE in 23rd spot worldwide

11 years ago
Lebanon ranked 111th in the “Ease of Doing Business” 2014 report, way behind the UAE which topped the Arab World and jumped three slots this year to land at No. 23 in the world. Here ...
Economics

0.3% of Lebanese adults own half the country’s wealth

11 years ago
The Mikati and Hariri families alone have 15% of the all the private wealth. Read more about it [Here]. At least 48 percent of Lebanon’s privately-held wealth is concentrated in the hands of some 8,900 ...
Economics

Cost of Living Comparison Between Beirut and Dubai

11 years ago
The cost of living in Beirut is higher than Dubai yet the local purchasing power in Dubai is 185.86% higher than in Beirut. I looked at the items mentioned in the comparison between the two ...
Economics

In Numbers: How Syria’s Conflict is affecting Lebanon

11 years ago
Children pose for a picture in the Za’atari refugee camp in Jordan. PHOTO BY: Jeff J Mitchell According to a World Bank report, Syria’s conflict will cost Lebanon $7.5 billion in cumulative economic losses by ...
Economics

Businesses closing down in Lebanon

11 years ago
Via AlJadeed The Lebanese Economy is in a very bad state and will not get better before things cool down in Syria. To make things even worse, unlicensed businesses are being started by Syrian refugees ...
Critiques

The importance of tomorrow’s nationwide strike

11 years ago
Picture from Al-Akhbar The Economic Committees in Lebanon, which constitute the private sector groups, as well as all the Lebanese banks are closing tomorrow to demand the immediate formation of a Cabinet. Most people I ...
Economics

Lebanon Has The Arab World’s LEAST competitive cellular market for 2013

11 years ago
This ranking is not surprising at all as two companies (Touch & Alfa) designated by the government are monopolizing the market in Lebanon. The Cellular Competition Intensity Index results for 2013 revealed that Saudi Arabia ...
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