In his book “The Great Divide”, Nobel Prize winner Joseph Stiglitz highlights the idea that, in the period leading up to the 2008 financial crisis, large banks lost sight of their main function: financial ... read more
According to the Association of Lebanese Car Importers, the total number of newly registered commercial and passenger cars fell 4.10% year- on- year (y-o-y) to 33,311 cars by October 2016. In details, the ... read more
Discover today’s performance of BLOM indices, the closing prices of Lebanese stocks and Eurobonds, as well as the exchange rate of major currencies against the LBP. read more
According to Ernest and Young’s Hotel Benchmark Survey, Beirut hotel occupancy rate steadied at 58% by October 2016, when compared to the same period last year. However, this was accompanied with hotels ... read more
On November 16, BLOM Bank announced it has signed an agreement, which is expected to be completed during the first half of 2017, to acquire HSBC Bank’s assets and liabilities. HSBC had 3 branches in ... read more
Discover today’s performance of BLOM indices, the closing prices of Lebanese stocks and Eurobonds, as well as the exchange rate of major currencies against the LBP. read more
By June 2016, records of Lebanon’s Ministry of Finance indicated treasury transfers to EDL amounted to $334.40M compared to $627.54M in H1 2015. The decline may seem economically revitalizing vis-à-vis the ... read more
Bank Audi’s Turkish subsidiary, ODEA Bank, announced its results for the third quarter of 2016. As a result, the Bank’s financial statements revealed an increase in its net profits to $3.02M compared to a ... read more
A version of this article appeared in the print edition of The Daily Star on November 11, 2016, on page 4. General Overview Tied to the economic, political, social and demographic aspects of the country, ... read more
Discover today’s performance of BLOM indices, the closing prices of Lebanese stocks and Eurobonds, as well as the exchange rate of major currencies against the LBP. read more
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