Home » LEBANON BRIEF » Issue January 2017 » Issue January 2017 - Week 1
According to Rymco’s June 2016 balance sheet, the company’s total assets grew by 22.46% year-on-year to $196.54M while total shareholders’ equity edged up by 3.72% year-on-year to $52.02M. The main drivers ... read more
According to the Association of Lebanese Banks, Lebanon’s gross public debt registered a rise of 6.02% since year-start and a 5.83% year-on-year increase to stand at $74.54B by November 2016, the ... read more
Lebanon’s Balance of Payments (BoP) recorded a surplus of $331.9M by Nov.2016 compared to a $2.98B deficit by Nov. 2015. The surplus is mainly an indirect result of the Swap Operation coordinated by BDL in ... read more
The Central Bank of Lebanon recently issued Intermediate Circular #446 entitled “Financial Operations and Activities in Financial Markets”. According to the circular, Lebanese banks must register the ... read more
The balance sheet of Lebanese commercial banks revealed an 8.05% year-to-date (YTD) progress in assets and a 9.7% year-on-year increase, to stand at $200.95B by Nov.2016. In particular, Reserves (44% of ... read more
Although total tourist spending in the first half of 2016 plunged by 14% y-o-y, it improved in the second half of 2016. According to Global Blue, tourist spending in 2016 recorded a decelerated plunge of ... read more
According to the Lebanese Ministry of Industry, the value of total industrial exports dropped from $255.3M in October 2015 to $220M in October 2016. The main exported products were Machinery and Mechanical ... read more
Banque Du Liban’s (BDL) Balance Sheet revealed a 12.56% year-on-year (y-o-y) increase in assets to $102.3B by Dec.2016. BDL’s swap operation in July was mainly behind the 9.75% yearly uptick in the central ... read more
Data from the Customs reveal the Lebanese trade deficit spiraled by 6.3% y-o-y to reach $14.4B by Nov. 2016 as exports increased by a yearly 3.47% to $2.81B and imports rose by 5.81% y-o-y to $17.2B. In ... read more
Lebanese Forex Market Demand for the dollar on the Lebanese forex market decreased over the past two weeks, going from $/LBP 1,514.5 on Dec.30th to a mid-price of $/LP 1,514 within the range $/LP 1,513.75 ... read more
The BLOM Bond Index (BBI) rose by 1.8% over the past two weeks to reach 103.77 points, outpacing the JP Morgan Emerging Markets’ Bond Index which increased by a weekly 1.38% to 748.99 points. As such, the ... read more
The Beirut Stock Exchange (BSE) ended the past two weeks in the red as the poor performance of real estate stocks overshadowed the positive performance of most banking stocks. Since year-start, the BLOM ... read more
During the week ending December 22, Broad Money M3 rose by a weekly LBP 2,613B ($1.7B) to reach LBP 199,301B ($132B). As such, M3 recorded a 7.24% annual increase and a 7% rise since the start of the year. ... read more
During the month of December, Lebanon’s Purchasing Managers’ Index (PMI) recorded its highest reading since February, with the index standing at 47.0 points, still below the neutral mark of 50 points ... read more
2016 can be described as a revolutionary year in terms of political and economic events. The world’s main movers saw their equities heavily fluctuate after the occurrence of each development topped by the ... read more