Home » LEBANON BRIEF » Issue June 2017 » Issue June 2017 - Week 3
According to RAMCO, the sale prices of apartments under construction in Beirut have decreased by 1.5% in 2016, compared to a slower 1.2% and 0.7% drops in 2015 and 2014, respectively. Through its ... read more
According to E&Y’s Middle East Hotel Benchmark Survey, Beirut’s hotel occupancy rate increased from 57.3% in the first five months of 2016 to 64.7% over the same period in 2017. With Eid al-Fitr coming ... read more
According to a statement released by Midclear, Cedrus Invest Bank increased its capital on 21/06/2017 through the issuance of new nominal ordinary shares. The bank increased its capital from LBP ... read more
According to the balance sheet of Banque du Liban (BdL), total assets remained almost stable at $102.4B in mid-June 2017, as they registered an incremental 0.08% uptick from Dec.2016’s levels. In details, ... read more
According to the Central Administration of Statistics (CAS), Lebanon’s average inflation rate rose by 4.61% by May 2017 compared to May 2016. The average costs of “Housing and utilities (water, ... read more
In compliance with the Central Bank’s circular #411 related to cancelling bearer shares in Lebanon, and in reference to the Beirut Stock Exchange’s (BSE’s) list of required action on the process: Ciments ... read more
In November 2016, BLOM Bank S.A.L had signed an agreement to acquire the assets and liabilities of HSBC Bank Middle East Limited (a subsidiary of HSBC Holdings plc.) by H1 2017, subject to Banque du ... read more
The activity at the Rafic Hariri International Airport improved slightly by May 2017, as the total number of passengers increased by an annual 1.36% to 2.84M. The number of arrivals to Lebanon registered a ... read more
According to the Association of Lebanese Car Importers (AIA), the number of newly registered commercial and passenger cars declined by an annual 1.81% to stand at 15,022 cars by May 2017. The downtick came ... read more
The BLOM Stock Index (BSI) lost 1.11% over the past week to 1,155.92 points. The average weekly traded volume dropped from 187,286 to 118,874 and the average traded value declined from $2.83M to $1.67M. ... read more
Lebanese Forex Market Demand for the Lebanese Pound stabilized over the past week on the Lebanese Forex market with the value of the Lebanese Pound trading within the range of $/LP 1,514 – 1,514.5 with a ... read more
During the week ending on the 8th of June 2017, Broad Money M3 rose by a weekly LBP 296B ($197M) to reach LBP 205,070B ($136B). Moreover, M3 recorded an 8.09% annual increase and a 3.03% rise since the ... read more
The BLOM Bond Index (BBI) declined by a weekly 0.36% to settle at 105.57 points this week. The performance of emerging bonds continued to be subdued, with the JP Morgan Emerging Markets’ Bond Index (EMBI) ... read more
As one of the most competitive economic sectors in Lebanon, the insurance sector has been posting profits, challenging the country’s both economic and political conditions. In fact, the insurance market in ... read more