Home » LEBANON BRIEF » Issue March 2019 » Issue March 2019-Week 4
According to the Income Statement of Bank Audi’s Egyptian subsidiary, net profit for 2018 gained an annual 24.15% to $73.13M. The Increase in profits came on the back of the increase in bank’s operations ... read more
The research published by Moody’s investors’ service on Thursday March 21, 2019 maintained a stable outlook for Lebanese banks on expectations of improved economic growth, and higher deposit inflows in the ... read more
Cement deliveries were slashed by an annual 20.91% in the first month of 2019, to stand at 217,379 tons compared to 274,856 tons in the beginning of 2018. In fact, this can be explained by the decrease in ... read more
Figures released by the Ministry of Finance show that transfers to EDL witnessed a significant yearly increase of 41.44% to reach $ 1.63B by November 2018. In details “Payments to fuel and oil gas ... read more
Lebanese Forex Market The Lebanese Pound (LP) steadied this week 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 ... read more
In the week ending March 14th 2019, Broad Money (M3) rose by a weekly LBP 245B ($162.52M) to stand at LBP 210,495B ($139.63B), rising 0.11% year-on-year (y-o-y) and declining 0.77% since the start of the ... read more
The BLOM Bond Index (BBI) ended the week at 89.08 points, declining weekly by 2.55%. In fact, the weighted yield rose by 0.70% as political tensions escalated this week and investors are still waiting ... read more
The BLOM Stock Index (BSI) registered a slight improvement of 1.32% to stand at 972.70 points, by the week ending March 29. As such, the market capitalization rose from last week’s $9.36B to $9.48B, this ... read more
A version of this article appeared in the print edition of the Daily Star Newspaper on the 29th of March 2019. The slump in the Lebanese economy is no surprise. Real GDP growth is estimated to have ... read more