According to the Lebanese Ministry of Industry, , the total value of industrial exports during the first seven months of the year 2018 rose by 2.56% year-on-year (y-o-y) from $ 1.43B in July 2017 to $ ... read more
The Lebanese tourism sector is a key driver of economic growth and job-creation. While real estate and construction constituted 19.2% of Lebanon’s Gross Domestic Product (GDP) as per CAS, tourism’s total ... read more
During the week ending October 18, Broad Money (M3) shrank by a weekly LBP 309B ($205M) to stand at LBP 211,342B ($140B). As such, M3 rose by an annual 1.03% and by 1.56% since December 2017. In fact, ... read more
Lebanese Forex Market The Lebanese Pound steadied within the range of $/LP 1,514 – 1,514.5 against the dollar with a mid-price of $/LP 1,514.25. The peg continues to be supported by the Central ... read more
Lebanese Forex Market The Lebanese Pound steadied within the range of $/LP 1,514 – 1,514.5 against the dollar with a mid-price of $/LP 1,514.25. The peg continues to be supported by the Central ... read more
During the week ending October 11th, Broad Money (M3) shrank by a weekly LBP 533B ($354M) to stand at LBP 211,652B ($140B). As such, M3 rose by an annual 1.15% and by 1.71% since December 2017. In fact, ... read more
Bank of Beirut (BoB) decided to increase its capital from LBP 115.22B ($76.43M) to LBP 119.67B ($79.38M) through a private placement of 3.05M “BoB common shares” to HPG Urban Development Pty Ltd., member ... read more
According to the Ministry of Finance, Lebanon’s gross public debt added an annual 8.31% to reach $83.69B by August 2018, on the back of an 18.64% year-on-year (y-o-y) rise in foreign currency debt and a ... read more
In reference to BLC’s Extraordinary General Assembly Meeting conducted on May 10, 2018 which decided to raise the bank’s capital, the newly issued 263,510 number of Preferred “E” (Pref E) shares will be ... read more
According to Global Blue, tourist spending in Lebanon added 5.41% by Q3 2018, compared to Q3 2017. The rise can be linked to the 3.88% yearly increase in tourist arrivals to 1.51M by Sept. 2018. The number ... read more
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