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Inside this issue
• The Gulf diaspora has fed impressive bank deposits and fuelled a staggering real estate boom
• Even in Beirut, there are three-hour power cuts every day and internet speed is slower than in Yemen - -
Content
Society waylaid by political paralysis
Roula Khalaf on yet another crisis polarising a country that was once seen as the Middle East’s premier business hub
The economy: Expatriate community drives growth
Roula Khalaf on how the country seems to thrive against all the odds
Infrastructure: Politics stymies upgrading of public services
Abigail Fielding-Smith reports on a parlous lack of investment
Banking: In need of new business model
Expansion abroad is the way ahead, reports Abigail Fielding-Smith
Profile: Byblos Bank – determined to venture into uncharted territory
Abigail Fielding-Smith looks at a ‘risk averse’ group with big ambitions abroad
Riad Salameh: A model of low leverage and discipline
Roula Khalaf and Abigail Fielding-Smith meet the governor of the central bank
Politics: Hizbollah charges stoke fear of violence
A UN-backed tribunal is about to make life uncomfortable, says Roula Khalaf
Eating out: Culinary influences make a comeback
More than 12,000 restaurants have opened since 2006, reports Abigail Fielding-Smith
Real estate: Beirut’s heart beats for the wealthy
Lucy Fielder on a sector that has seen prices rising by 25% a year
Tourism: Staggering beauty and a niche in rhinoplasty
Lucy Fielder reports on an industry that is, increasingly, the country’s lifeblood
