Saturday, September 13, 2008

Economic transformation opens road to Damascus

It appears that the Bush leadership has not resulted in stronger allies, so much as vulnerable one. Expect the same from McCain.


Dresses are displayed in a shop window in Damascus, Syria, Monday, Sept. 8, 2008. Today's Syria, at least on the surface, is starkly different from the bland socialist country it was few years ago. But as it transforms itself economically, many are wondering whether the country can break with its hard line, rigid reputation as it emerges from the shadows of its past and change politically, too, at the same pace. (AP Photo/Bassem Tellawi)

Country comes in 10th among 19 states in mena regionDaily Star staff
Saturday, September 13, 2008
BEIRUT: The World Bank and the International Finance Corporation ranked Lebanon in 99th place among 181 countries worldwide and 10th among 19 countries in the Middle East and North Africa region in terms of Ease of Doing Business in 2009, as reported by Lebanon This Week, the economic publication of the Byblos Bank Group.
Lebanon also ranked in 26th place among 35 upper-middle income countries and came in 98th place globally in the 2008 survey. The index is a composite of 10 sub-indices of business regulation that track the time and cost to meet government requirements in business start-up, operation, trade, taxation, and closure. Globally, Lebanon ranked behind Dominican Republic and Yemen and came before Zambia and Jordan, while it ranked ahead of Seychelles and Croatia and behind Belarus and Palau among upper-middle income countries.
Lebanon ranked in 98th place globally on the Starting a Business sub-index, up 38 places from 2008, and in 10th place in the MENA region. This category reflects the challenges to launch a business in a country....