Executive Magazine More than seven months into the fiscal year, Lebanon ratified its 2019 state budget. The law’s passage comes after months of delay and deliberation over expenditure-saving and revenue-boosting measures in what is being dubbed the austerity budget, though more accurately is a reformist one. The 2019 budget is the third in three years, […]

Executive Magazine Last month, the United States designated two elected Lebanese legislators and members of Hezbollah as terrorists. This was an escalation of the US measures targeting the party, alleging that Hezbollah smuggles drugs and launders the proceeds to finance its militia and alleged terrorism activities. Little more than two years since Lebanon’s Prime Minister […]

Local production of medicines currently makes up between 7 and 10 percent of medicines consumed in Lebanon, but there is potential to increase the share of locally-made generics. Bernard Tannoury, chairman of Lebanese pharmaceutical BentaPharma, said in a public statement that Lebanon’s 11 pharmaceutical companies could satisfy the medicine needs of the country, which could […]