Home » LEBANON BRIEF » Issue December 2017 » Issue December 2017 - Week 1
As part of its international development strategy, SGBL has recently signed an agreement to acquire KBL Richelieu Banque Privée in France and KBL Monaco Private Bankers, which are both subsidiaries of the ... read more
Since the end of Summer 2017 through October of the year, the activity at the Rafic Hariri International Airport has witnessed substantial growth. The positive developments on the political scene including ... read more
According to the Association of Lebanese Banks (ABL), the total number and value of cleared checks fell by 1.42% and 0.49% year-on-year (y-o-y) to stand at 11.13 million (M) and $61.98 billion (B), ... read more
Lebanon’s fiscal deficit narrowed from $2.53B by August 2016 to $1.39B by August 2017. The contraction is mainly attributed to the 14.85% annual increase recorded in public revenues, which also outweighed ... read more
According to the Central Bank’s balance sheet, total assets reached $115.93B in November 2017, up by 13.3% since the beginning of the year. In details, Foreign assets (composing 36.14% of total assets) ... read more
During the week of Nov. 16th – Nov. 23rd 2017, Broad Money (M3) declined by a weekly LBP 529B ($351M) to reach LBP 206,071B ($137B). Nonetheless, on a yearly basis, M3 grew by 5.37% and by 3.53% since the ... read more
The stock market’s recovery continued this week and was supported by the withdrawal of the PM’s resignation, yet it remained shy as the BLOM Stock Index (BSI) registered a 0.28% uptick to stand at 1,118.95 ... read more
The BLOM Bond Index (BBI) stood at 100.21 points, up 0.4% from last week but still below the pre-crisis level of 102.38 points. However, by Dec.7th, Hariri’s resignation has been suspended and the first ... read more
Lebanese Forex Market Demand for the local currency on the Lebanese forex market steadied, with the value of the Lebanese Pound trading within the range of $/LP 1,514 – 1,514. 5 with a mid-price of ... read more
Despite the persisting declines in the levels of output and new work, contraction within the private sector economy soothed in November. Although employment levels kept on deteriorating, the rate at which ... read more
Lebanon has been through many tough economic times, but none quite like current times. The novelty in the economic slowdown Lebanon has been witnessing since 2011 is most strikingly its prolonged nature. ... read more