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Thursday, August 13, 2020

MENA & GCC

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...
covid-19 lebanon

Covid-19: Lebanon staring at historic opportunity

Could the COVID-19 outbreak be an opportunity for the Lebanese economy? The “Arab Spring” which was earlier seen as the most disruptive event which shook the Middle East to its core since...
offshore oil lebanon

Lebanon: The next ‘oil-cursed’ country?

Late last month, a drillship anchored off Lebanon's coast started exploring for oil and gas raising hopes for a more prosperous economy, which currently is hanging by a thread off a cliff’s...
UAE nuclear power plant Barakah

Energy: UAE gains its first nuclear power plant

In a first of its kind in the Middle East, the UAE is set to host a nuclear power plant in the region. The 5,600MW Barakah nuclear power plant (NPP), located around...
Paul Tourret ISEMAR

Paul Tourret on investing in Lebanon: “The Chinese are not adventurers”

ByTheEast: What have been the major transformations in maritime transport over the past 20 years? Paul Tourret: With regard to the maritime industry, its timeframe can be divided...
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)...
Rabih el-Chaer corruption Lebanon Banking secrecy ByTheEast

Rabih El Chaer on corruption: "We need a complete lifting of banking secrecy"

ByTheEast: Since the beginning of the Thawra on October 17th, corruption is the theme of many debates. How do you evaluate the words flowing freely in Lebanon nowadays?
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...