For decades, Lebanon’s economy has overwhelmingly served the interests of certain economic actors, who preside over widespread monopolies and oligopolies.
For decades, Lebanon’s economy has overwhelmingly served the interests of certain economic actors, who preside over widespread monopolies and oligopolies.
How farms and factories can make or break Lebanon’s future.
Holding those in power to account will be no simple task, given Lebanon’s notorious culture of impunity in the construction sector.
The latest draft capital control law purports to impose formal rules on this unfair situation. Yet, in doing so, the bill would place the system’s management in entirely untrustworthy hands. Under the legislation, the nation’s rapacious politico-banking elites would have ample opportunities to twist capital controls to serve their narrow, selfish interests.
Announced in February 2022, a World Bank-sponsored redevelopment plan could finally turn Beirut Port into both an economic powerhouse and vibrant community space. Unfortunately, early signs suggest that the proposed planning and regulatory reforms risk entrenching the same corrupt management and practices that brought the port to its current nadir.
Eliminating National Oil Dependence Will Clear Out Conflicts Of Interest.
During the spring, everyone said the same thing: the Iran War had pushed oil prices up, causing gasoline and diesel prices to rise as well. Oil then came down again, with the global benchmark Brent crude dipping below its pre-war price by July, but Lebanese were at...
