We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

The business of… Beirut

The business of… Beirut

Despite infrastructure challenges, a hefty national debt, and Lebanon’s $4 billion deficit, the business of Beirut is booming.


June 28, 2010 10:48 by

You might sum up the state of Lebanon’s struggling telecom industry in one term: “state-owned.” The country’s cell market was ranked the least competitive in the region this year, based on the fact that the government owns the two mobile operators and retains full control over the sector. Lebanon’s only fixed line operator, Ogero, is state-owned, as well.

This lack of participation from the private sector means Lebanon has the highest cell phone rates in the region, at $0.44 a minute. Combined with stone-age slow internet and pending enforcement of a ban on voice over internet telephony, one begins to see the urgent crisis facing business in need of affordable communications – not to mention a Lebanese diaspora estimated at more than 12 million strong.

Recent calls to enforce a 2002 law banning voice over internet telephony have been met with outrage, as critics contend that the state-owned telecoms sector and the Finance Ministry have too much to lose by privatizing. Telecoms revenues, estimated at $1.6 billion last year, remain a vital source of income for the national budget.

But relief may be in sight. Raya al-Hassan, Lebanon’s finance minister, said privatization efforts may begin soon, a move that proponents say could bring in as much as $7 billion for the sector.

Earlier this month, the chairman of Egypt’s Orascom Telecom, whose company has a management contract with one of Lebanon’s mobile telecoms firms, said “You are the only country where penetration is not 100 percent. It’s unbelievable that underdeveloped countries in Africa have reached 120 percent and you’re at 60-70 percent.”

“Someone has to take this company and spend on it, improve the quality, introduce new technologies and increase sales,” he added.

Pages: 1 2 3 4 5


Tags: , , , , , , , , ,

Leave a Comment