Breakdown of the Lebanese government’s main sources of revenue

One way to close down the debt and bring more revenues to the government is by increasing the taxes on the illegal sea resorts. Here's a cool guide to Lebanon's public debt also posted by Executive. Since its introduction in February 2002, Lebanon's value added tax has been a major source of cash for the government, regularly providing approximately a quarter of its income. Customs duties, on the other hand, have not been nearly so…

72% of newly built residential projects in Beirut still unsold

View from Sama Beirut via Skyscrapercity.com Why am I not surprised to read the below numbers? I always wondered whether these new projects in Achrafieh and Beirut are getting sold specially that they are selling at unbelievably high prices. Some 72 percent of residential projects in Beirut completed over the course of 2012 with a market value just shy of $400 million are still unsold, according to a study released Tuesday by real estate adviser…
Economics

90% of Lebanese think the economy is bad

11 years ago
I don’t think we needed a poll to realize that but this is yet another proof, a scientific one this time, that Lebanon is not doing well and that businesses will suffer this summer unfortunately. ...
Critiques

Revisiting an old post: Is it profitable to open at the Zaitunay Bay?

11 years ago
Zaitunay Bay almost empty during Winter – Picture taken via Instagram [@LeNajib] This was posted on Thursday on Amarres Bistro & Cafe Francais’ Facebook page: Our lovely restaurant Amarres in Zaitunay Bay has had to ...
Economics

Correction on Lebanon’s Rankings in The Global Information Technology Report

11 years ago
I posted almost a week ago on how Lebanon was ranked in the top 5 countries of the World for Maths and Science education and in the top 10 for Quality of the Educational System ...
Economics

Eight Top Lebanese on Wall Street

11 years ago
Picture taken from Executive-Magazine Executive Magazine highlights in its recent articles cases of successful Lebanese across the Big Apple – in retail, food, advertising and even diplomacy. I listed them below but you can read ...
Economics

Lebanon has the 3rd-highest degree of wealth inequality in the world

11 years ago
Source: Credit Suisse Global Wealth Databook 2012 Out of 141 countries, the U.S. has the 4th-highest degree of wealth inequality in the world, trailing only Russia, Ukraine, and Lebanon. Yet the financial industry keeps creating ...
Economics

Ripoff Report Confirmed on Lebanese-Jordanian Amer Hazime

11 years ago
via +961 I posted about Amer Hazime back in February and almost two months later, the story turned out to be true. I hope his neighbor Najib Mikati didn’t give him any money by mistake.
Economics

The Cost of Living in Lebanon

11 years ago
[YouTube] A nice report by Reform Lebanon. The cost of consumer goods is still on the rise in Lebanon while salaries are still the same. Everything’s becoming so damn expensive and no one seems to ...
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