Currency boards or central banks?

With Lebanon going through hyperinflation, some economists have deemed the establishment of a currency board (CB) necessary to help curb inflation. To better assess the possible establishment of a CB, and its probable effect on the Lebanese monetary situation, Executive Magazine talked to Steve Hanke, professor of Applied Economics at Johns Hopkins University and one

Currency board for Lebanon

The Lebanese are currently subjected to depreciation, with the ever-rising prices of goods and services, self-imposed limits on withdrawals by banks at a rate of LBP 3,900 to the dollar, and a local currency estimated at LBP 9,600 to the dollar as at March 1st 2021. Rampant inflation was estimated at 84.8 percent for the


Newsmedia, the publisher of Executive Magazine, is seeking a Junior Research Assistant for a temporary assignment within the Lebanon Enterprise Development (LED) project in partnership with the United States Agency for International Development (USAID). The will assist the Executive Magazine Editorial Team in organizing a series of 5 roundtables with experts and analysts. The Junior


Newsmedia, the publisher of Executive Magazine, is seeking a Content Consultant for a temporary assignment within the Lebanon Enterprise Development (LED) project in partnership with the United States Agency for International Development (USAID). The Content Consultant will lead on the production of communication outputs (brochures, checklists, social media posts) in collaboration with the Executive Magazine

Protests against recusal of Beirut port blast judge

Parents and relatives of the victims of the Beirut port blast staged a spontaneous protest near the Courts of Justice in Adlieh in the evening of February 18th 2020 to express their anger and frustration at the recusal of Judge Fadi Sawan from the investigation earlier in the day, a decision condemned by both human

Vaccination campaign finally launched

On Sunday, February 14th 2021, began the pre-vaccination campaign organized by the Lebanese Ministry of Health for Lebanese medical personnel at the Rafic Hariri University Hospital, Saint Georges Hospital University Medical Center, and the American University of Beirut Medical Center (AUBMC), to be followed on Monday 15th by a general vaccination campaign for Lebanese citizens

The Funeral of Lokman Slim

In the midst of Beirut’s beleaguered southern suburbs, statements for logic and reason, as well as empathis condemnations of terror and weapons, were solidified on this February 11, as clerics and dignitaries from Lebanon’s religious communities along with several foreign ambassadors joined with activists and family in the funeral of slain Lebanese filmmaker and fearless

Civil unrest in Tripoli

Tripoli protests continued to be intense, on January 31, 2021, in Al Nour square. It started with the arrival of demonstrators from Beirut, and ended up with armored vehicles and the Lebanese army soldiers’ pursuit of a group of young demonstrators in the streets of Tripoli.

Civil unrest turns violent

Tripoli protests January 28, 2021, in Al Nour square. 7:30 p.m. Protesters have already set fire to one of the doors of Al Tell police station, Bechara El Khoury street. Tear gas grenades rain down from the roof of the building and the air is unbreathable.  Gas floods the adjacent streets for more than 2.5


We are looking for a new managing editor to help steer our coverage in the coming years and at this critical moment for Lebanon.  Role/Responsibilities:  Oversee production of the monthly magazine from conception to print   Coordinate with editorial staff on editorial agenda for each issue, agreeing on the focus and setting submission deadlines for articles  Commission and

Pivotal events of 2020

DECEMBER 19Parliamentary consultations take place. Mr. Hassan Diab is nominated to form a government, backed by the Amal movement, Hezbollah, the Free Patriotic Movement, the Marada and others. DECEMBER 20-31Heavy protests take place, protesting the nomination of Hassan Diab as Prime Minister. JANUARY 14Lebanese Protests resume after weeks of calm. Banks are heavily targeted as

Executive Magazine’s December issue

Dear Executive readers, It is our honor to present to you our end-of-year issue. The year behind us has been tumultuous worldwide, and especially for Lebanon – a small country that has many times carried its weight throughout international and regional crises. The tri-tragedy of the pandemic, the port explosion, and the collapse of the

Lebanese start-up funding threatened

Eager to capitalize on the tech-savvy population,high education rate and entrepreneurial spirit, Banque du Liban’s (BDL) Circular 331, released in 2013, paved the way for the creation of dozens of startups in Lebanon, in addition to accelerators and incubators. Despite this support, events of the past few years have put a stop to the generous

Fate, not misfortune

Over two decades of experience The Investment Development Authority of Lebanon (IDAL) was established in 1994 with an economic vision to attract mega investments to the country. It targets foreign and local investors and provides them with services on three main levels: investment promotion, export promotion and startup support. IDAL grants incentives and provides facilitations

Banking on crisis

As Winston Churchill worked to form the United Nations after WWII, he said, “Never let a good crisis go to waste”. This has been Antoine Assi’s motto and business model, Managing Partner of ESTIA Real Estate Group. Assi predicted the crisis in Lebanon three years before it happened. At the time, a similar hurricane of