Home » LEBANON BRIEF » Issue May 2018 » Issue May 2018 - Week 2
Lebanon’s Ministry of Finance (MoF) released on Friday that a debt exchange was completed with the Central Bank of Lebanon (BDL) whereby Treasury Bills (TBs) held by the latter will be exchanged for $5.5B ... read more
The revenues of the Port of Beirut increased by 4.22% from $18.93 Million in April 2017 to $19.73 Million in April 2018. Despite the increase in revenues, the number of ships that docked at the Port of ... read more
According to the Ministry of Tourism, the total number of tourists in Lebanon rose from 345,168 in Q1 2017 to 362,398 in Q1 2018, owing it to the yearly growths recorded in tourist arrivals from Europe and ... read more
Kafalat s.a.l, a Lebanese financial company that provides loan guarantees to small and medium enterprises (SMEs) issued the number of loan guarantees given from January 2018 to April 2018. According to ... read more
Odeabank, Bank Audi’s Turkish subsidiary, released its financial statements for the first three months of 2018. The bank revealed a net profit of $17.26 million (M) compared to $21.33M recorded in Q1 2017. ... read more
Characteristics of BLC Capital Increase Increase in capital $174,799 Number of preferred shares issued 263,510 Price/share $0.66 Capital after issuance $142.6M BLC’s Board of Directors (BOD) invited its ... read more
BLC’s board of directors (BoD) invites its shareholders to a general assembly at the bank’s headquarters in Beirut. The meeting will take place on the 31st of May 2018 at 10:00 am. The key items on the ... read more
According to the Association of Lebanese Car Importers (AIA), the number of newly registered “commercial” and “passenger” cars recorded a 5.65% annual downtick to settle at 10,909 cars by April 2018. In ... read more
The BLOM Stock Index (BSI) lost a weekly 0.32% this week, to reach 1,129.57 points by May 18th 2018. The market capitalization however shrank marginally from last week’s $11.16B to $11.13B this week. An ... read more
Lebanese Forex Market The Lebanese Pound traded within the range of $/LP 1,514-1,514.5 against the dollar with a mid-price of $/LP 1,514.25 by the week ending May 18th, at the same range as last week. The ... read more
Lebanon’s BLOM Bond Index (BBI) dropped by 1.17% over the past week to reach 93.49 points. As for the JP Morgan Emerging Markets’ Bond Index (EMBI), it recorded a lesser weekly downtick of 0.57% and ... read more
Ministry of Finance Raised $400M in its May 10th T-Bills AuctionDuring the week ending on May 3rd, Broad Money (M3) rose by a weekly LBP 234B ($156M) to reach LBP 210,670B ($140B). On a yearly basis, M3 ... read more
Despite favourable recent developments, Lebanon continues to face vulnerabilities and mounting challenges. The conflict in Syria and the resulting mass influx of refugees into Lebanon have affected the ... read more