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Wednesday, January 27, 2021

ECONOMIC DIPLOMACY

1000 Lebanese Pounds

Lebanese Pound’s crisis, an opportunity in disguise?

The glamorous rate of the Lebanese Pound, artificially indexed to the US dollar for so many years, is history now. In recent months, the pressure on Lebanon’s economy is seeing a pile-up....
lebanon oil gas

Lebanon’s gas boom dead in the water?

Lebanon’s quest for gas and oil has so far yielded no meaningful results with the country’s first-ever offshore search for hydrocarbons throwing up commercially unviable results. “No matter where you turn, the...
lebanese pound banking system

Lebanon: The banking system needs reforms to stop the bleeding, not politics

Something has to change in the wonderful world of the Lebanese banking system. The manner in which Lebanon is addressing its financial crisis leaves a lot of room for improvement, with Lebanon’s...
berlin libya summit

Libya: The economic potential of a failed state

The international community knows this: Libya is a model of a failed state. But a failed state with potential. Nine years since the start of the Arab Spring, which saw a wave...
Lebanon Beirut protest Central Bank

Foreign support needed: Why always the same solution?

We have already been there. Several times. Asking for foreign support. Lebanese authorities are pretty desperate for solutions outside to support the country's economy. As it was the only solution, THE solution...
Swiss job $2 billion corruption

The Swiss job: the greatest heist in Lebanon's History?

Swiss banks have been like Heaven on Earth for some Lebanon's “creme de la creme” for a long, long time. Will it be over soon? “Intensive investigations were launched Friday (December 27)...
jordan economy tourism

Jordan wants to get the ball rolling

The sun seems to still shine over Amman. Last Sunday, Jordanian government said it expects its economy to grow by 2.2 percent in 2020 in spite of local and regional challenges. Iraq...
banks lebanon crisis protest

Restoring confidence: the impossible Lebanese jigsaw

Confidence is not something you can buy. Or summon. In Lebanon nowadays, confidence won't be restored without the right men in the right position at the right time. This looks like one...
Iraqi civil society

Iraq’s missed economic opportunities fueling strife

Years of economic mismanagement, corruption and runaway spending has fueled an uprising in civilian protests in Iraq that has killed scores of people and without deft handling risks spiraling into full-fledged civil...
cairo egypt new capital

What future for Egypt’s new capital city?

Egypt's new capital is not a mirage in the desert anymore. But still. It's far from being completed. Forging new capitals from scratch ain't a new phenomenon: countries are used to build...