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Lebanon This Week
Issue 57 March 3-7, 2008 Economic Research & Analysis Department LEBANON THIS WEEK In This Issue Charts of the Week Economic Risk Ratings for MENA Countries (year-end 2007) Economic Indicators....................1 60 48 47.5 47 46.5 46.5 46.5 46.5 Capital Markets...........................1 50 44 39.1 38.5 37.5 40 36 35.5 33.5 33.5 33 29 28.5 25.5 Lebanon in the News...................2 30 Beirut ranks 83rd globally in property rentals, 62nd in roundtrip transaction 20 cost and 42nd in rental yield 10 Lebanese industrialists call for fair trade with Arab markets 0 Ad spending in Lebanon up 29% to UAE Iran Iraq $108m in 2007, TV gets 40% of total Libya Qatar Egypt Syria Kuwait Oman Jordan Sudan Yemen Bahrain AlgeriaMedian Tunisia Morocco Lebanon Lebanon represented in Forbes maga- Saudi Arabia zine's list of world billionaires Economic Risk Ratings for Lebanon (year-end) 40 Corporate Highlights..................4 Total non-life premiums post 8% rise to 35 $482.65m in 2007 Solidere's net profits down 22.4% to 30 29 $60.2m in first half of 2007 26 26 25.5 25.5 25 Global communications firm WPP acquires majority stake in THG Group 20 15 Ratio Highlights...........................5 10 2003 2004 2005 2006 2007 Risk Outlook................................5 Source: The PRS Group Quote to Note Ratings & Outlook......................5 “Typically this would be followed by a Standby Arrangement, but the current Lebanese political situation means that [authorities] can't sign onto one.” Mohsin Khan, director of the IMF's Middle East and Central Asia department, on the expiration of the EPCA program and the obstacles towards moving to the next logical step. -
Social Classes and Political Power in Lebanon
Social Classes This document has been produced with the financial assistance of the Heinrich Böll Stiftung - Middle East Office. The views expressed herein are those of the author(s) and can therefore in no way be taken to reflect the opinion of the Foundation. and Political Power in Lebanon Fawwaz Traboulsi Social Classes and Political Power in Lebanon Fawwaz Traboulsi This document has been produced with the financial assistance of the Heinrich Böll Stiftung - Middle East Office. The views expressed herein are those of the author(s) and can therefore in no way be taken to reflect the opinion of the Foundation. Content 1- Methodology ..................................................................................................................................................................................... 4 2- From Liberalism to Neoliberalism .................................................................................................................................... 23 3- The Oligarchy ................................................................................................................................................................................. 30 4- The Middle Classes............................................................................................................................... ..................................... 44 5- The Working Classes ................................................................................................................................................................. -
Forbes Middle East Magazine
FORBES MIDDLE EAST THE COUNTRY’S TOP LEADERS AND INNOVATORS GUIDE 2018 / LEBANON EANON HAS ALL THE ADVANTAGES T E E EGI OP TECHNOLOGY HUB.” TECHNOLOGY E E EGI OP T ADVANTAGES ALL THE HAS EANON SAAD LEBANON HARIRI “Lebanon has all the advantages to be the region’s top 100 technology hub.” LEBANON LOOKS AHEAD GUIDE 2018 / LEBANON LEBANON’S PRIME MINISTER IS MOVING FORWARD WITH REFORMS AND INTERNATIONAL INVESTMENT TO PROVIDE THE COUNTRY’S CITIZENS WITH MORE STABILITY AND A BETTER QUALITY OF LIFE. UAE ....................................AED 30 BAHRAIN ...........................BHD 3 OMAN ............................... OMR 3 92 FORBES MIDDLE EASTSAUDI I ARABIAGUIDE ................. 2018 SAR 30 KUWAIT .........................KWD 2.5 OTHERS .................................... $8 STEERING A GLOBAL GIANT’S ELECTRIC AMBITIONS IN THE REGION, HE’S USING CUTTING-EDGE TECH TO IMPROVE 91 FORBES MIDDLE EAST I GUIDE 2018 Ad Checking.indd 1 8/7/18 9:36 AM Contents Guide 2018 / Lebanon ON THE COVER 24 I LEBANON LOOKS AHEAD Saad Hariri, Prime Minister of Lebanon, is moving forward with a programme of reforms and international investment to provide the country’s citizens with more stability and a better quality of life. He spoke exclusively to FORBES MIDDLE EAST about his plans for the future of the country. By Claudine Coletti GUIDE 2018 I FORBES MIDDLE EAST 1 Contents Guide 2018 / Lebanon 6 I Side Lines // Claudine Coletti On The Cusp Of A Transformation LeaderBoard 12 I Lebanon’s Young Innovators Thought Leaders 14 I Lebanon’s Bond With Fintech By Nikhil Shah 28 I A Rise In Retail And Economic Outlook By Rahul Rathi 86 I The Role Of Risk Management In Lebanon’s Economic Future By Ahmad Waarie Energy 18 I An Imbalance Of Power: Lebanon’s Energy Crisis From its heyday as an exporter of power, to an energy crisis that it has been battling since the 1990s, Lebanon is trying to correct the imbalance of supply and demand with reform measures. -
Lebanon This Week
Issue 107 March 9-13, 2009 Economic Research & Analysis Department LEBANON THIS WEEK MinisterIn of This Economy Issue reinstate Charts of the Week Economic Indicators....................1 Monetary Freedom Index in MENA Countries for 2009 80.0 80.0 80 78.6 78.4 Capital Markets...........................1 77.3 Lebanon in the News...................2 75 74.0 Lebanon ranks 128th globally, 17th in MENA region in credit ratings 71.7 71.4 Average Coincident Indicator rises by 70.3 69.8 10.2% in 2008 70 68.4 Launch of anti-corruption center 67.3 67.2 66.5 65.9 Beirut has 33rd highest office occupan- cy cost and 43rd most expensive retail 65 rent in the world UAE Oman Libya Qatar Syria Egypt Lebanon represented in Forbes maga- Jordan Algeria Tunisia Kuwait Yemen zine list of world billionaires Morocco Lebanon Bahrain Saudi Arabia Beirut Port launches $120m expansion Monetary Freedom Index in Lebanon plan 95 Activation of €45m Iranian loan to Lebanon 91.3 Economy Ministry signs MoU with Iran, 90 88.4 launches Lebanese Quality Management Model 85 83.5 Net public debt at $41.4bn at end- 82.9 January 2009 82.0 Airport passengers up 18.6% in first two 80 77.8 months of 2009 77.3 Most tourists spending in Lebanon in first two months of 2009 originated from 75 Saudi Arabia and the UAE 2003 2004 2005 2006 2007 2008 2009F International institutions to provide technical support for June elections Source: Heritage Foundation/Wall Street Journal, 2009 Quote to Note Corporate Highlights .................6 Commercial banks' assets reach $93.8bn at end-January 2009 “Prudent fiscal and monetary policies, ongoing vigilance in financial supervision, and proactive contingency planning should top the policy agenda.” Kafalat loan guarantees reach $17.1m in first two months of 2009 The International Monetary Fund, on the needed priorities of Lebanese author- SGBL’s profits at $44m in 2008 ities in view of the risks facing the domestic economy.