Home » LEBANON BRIEF » Issue November 2018
According to the Lebanese Ministry of Industry, the total value of industrial exports during the first eight months of the year 2018 rose by 1.3% year-on-year (y-o-y) from $ 1.65B by August 2017 to stand ... read more
According to the central bank of Lebanon, Cement deliveries declined by an annual 4.13% by Q3 2018 to stand at 3.63M tons. In fact, the number of construction permits also decreased by a yearly 16.47% to ... read more
The revenues of the Port of Beirut witnessed a decline by 1.30% during the first ten months of the year to reach $195.05M by October 2018. Total container activity including transshipment (TEU+TS) grew ... read more
According to the Ministry of Finance, transfers to EDL witnessed a significant yearly increase of 44.1% to reach $ 521.73M by April 2018. In details “Payments to fuel and oil gas suppliers KPC and ... read more
Lebanon’s trade deficit widened by 3.93% year-on-year (y-o-y) to reach $12.96B by September 2018. In fact, total imports increased by a yearly 4.86% to $15.16B by September 2018 and exports recorded a ... read more
According to the Central Administration of Statistics (CAS), consumer prices in Lebanon grew by 6.31% in the first 10 months of 2018 since the average Consumer Price Index (CPI) reached 106.28 by October ... read more
The real estate market is currently dominated by a large stock of unsold properties which has accumulated over the past period. In fact, this has impacted negatively on the overall investment climate, ... read more
The activity at Rafic Hariri International Airport increased during the first 10 months of 2018, where the total number of passengers rose by a yearly 8.73% to 7.63M. In fact, the number of arrivals to ... read more
According to the Ministry of Finance (MoF), Lebanon’s gross public debt reached $83.84B by Q3 2018, inching up by a yearly 7.28% over the period, owing to increases in both, local and foreign currency ... read more
According to the data from the General Directorate of Land Registry and Cadastre (LRC), the number of real estate (R.E) transactions which may include one or more realties, dropped by a yearly 17.63% to ... read more
According to the Association of Lebanese Car Importers (AIA), the total number of newly registered commercial and passenger cars deteriorated by an annual 9.08% to stand at 30,545 by October 2018. This ... read more
According to the Ministry of Finance, Lebanon’s fiscal deficit expanded from $907.59M by June 2017 to $3.04B by June 2018. In fact, fiscal revenues witnessed an annual decrease of 1.97% to reach $5.94B ... read more
According to the central bank’s (BDL) balance sheet, total assets climbed by 15.48% year-to-date (YTD), to reach $136.56B in October 2018. In details, BDL’s Foreign assets (constituting 31.58% of total ... read more
BLC’s board of directors invites its shareholders to a general assembly meeting to be held at the bank’s headquarters in Beirut. The meeting will take place on November 19th 2018 at 11:00 am to elect a new ... read more
Odeabank, Bank Audi’s Turkish subsidiary, released its financial statements for the first nine months of 2018. The bank revealed a net profit of $29.84 million (M), down from $41.95M recorded in Q3 last ... read more
According to the Lebanese Ministry of Industry, , the total value of industrial exports during the first seven months of the year 2018 rose by 2.56% year-on-year (y-o-y) from $ 1.43B in July 2017 to $ ... read more
According to the latest report published by Ernst & Young, Beirut’s hotel occupancy rate fell yearly by 1.8 percentage points (p.p) to 63.6% by September 2018, compared to the same period last year. ... read more
According to the Central Bank of Lebanon, Lebanon’s Balance of Payments (BoP) witnessed a deficit of $1.31B by September 2018 compared to $189.9M deficit recorded during the same period in 2017. In ... read more
BLOM Bank published today its unaudited financial results for the first nine months of 2018. In a difficult environment characterized by a slowing economy and continuing political paralysis, BLOM Bank ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets grew by 9.67% year-to-date (y-t-d), to stand at $241.12B by September 2018. In details, Currency and deposits with BDL ... read more
Speculation is rife across Lebanon over the future of the national economy, the banking sector, and state finances. As part of its efforts to spur constructive dialogue on pressing national issues, LCPS ... read more
During the week ending November 15, Broad Money (M3) declined by a weekly LBP 573 B ($380M) to stand at LBP 210,55B ( $139.6M). As such, M3 declined by an annual 1.17% and by 1.18% since December 2017. In ... read more
Lebanese Forex Market The Lebanese Pound steadied 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 the Central ... read more
The BLOM Stock Index (BSI) rose by 0.77% to reach 980.94 points over the last 2 weeks. The market capitalization increased from $9.49B, last week, to $9.56B this week. On average, 675,131 shares worth ... read more
Lebanon’s BLOM Bond Index (BBI) decreased over the past 2 weeks by 1.42% to close at 85.95 points. As for the JP Morgan Emerging Markets’ Bond Index (EMBI), it also recorded a decline by 6.87% and reached ... read more
Lebanese Forex Market The Lebanese Pound steadied 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 the Central ... read more
Lebanon’s BLOM Bond Index (BBI) decreased over the last week by 1.25% to close at 87.19 points. As for the JP Morgan Emerging Markets’ Bond Index (EMBI), it recorded a weekly increase by 6.45% and reached ... read more
The BLOM Stock Index (BSI) decreased by 1.01% to reach 973.43points over the last week. The market capitalization declined from $9.58B, last week, to $9.49B this week. On average, 73,406 shares worth ... read more
During the week ending November 1th, Broad Money (M3) rose by a weekly LBP 457B ($303M) to stand at LBP 211,398B ($140.24B). As such, M3 rose by an annual 1.05% and by 1.59% since December 2017. In ... read more
During the week ending October 18th, Broad Money (M3) shrank by a weekly LBP 309B ($205M) to stand at LBP 211,342B ($140B). As such, M3 rose by an annual 1.03% and by 1.56% since December 2017. In fact, M1 ... read more
Lebanon’s BLOM Bond Index (BBI) this week recorded a downtick of 1.18 % to close at 88.29 points, due to a lower demand for 5Y and 10Y Lebanese Eurobonds which lagged behind The JP Morgan Emerging Markets’ ... read more
The BLOM Stock Index (BSI) declined by 0.42% to reach 983.34 points over the last week. The market capitalization rose from $9.54B, last week, to $9.58B this week. On average, 951,407 shares worth ... read more
Lebanese Forex Market The Lebanese Pound steadied 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 the Central ... read more
The BLOM Lebanon Purchasing Managers’ Index (PMI) rose from 45.8 in September to 46.2 in October 2018, on account of softer contractions in output, new orders and new exports. Hence, the GDP growth implied ... read more
Abstract The study explores the landscape and size of Lebanon’s national pharmaceutical drugs industry, alongside its main national players who operate on regional and sometimes international dimensions. ... read more
Given that traditional regulation permitted financial vulnerabilities to go unchecked, contributing to the 2008 financial crisis, authorities in many countries have been studying a more systemic approach ... read more
The recent gridlock around the formation of a government is hurting confidence. According to the Central Bank of Lebanon, the growth in total private sector deposits slowed from 7.2% in 2016 to 3.8% in ... read more