On May 26, 2017, Solidere applied for the delisting of its Global Depository Receipts (GDRs) from the official list of the UK Financial Conduct Authority. The real estate company has also applied for the ... read more
According to the statement of income of Bank Audi’s Egyptian subsidiary, net profit for Q1 2017 fell by 26.54% year-on-year (y-o-y) to $11.74M. The decrease was driven by a 36% annual rise recorded in ... read more
“Casino gaming has wider social and economic implications. […] The profile and tourism revenues generated by casino gaming can bring major benefits to cities and entire regions.”(PWC Gaming Outlook ... read more
The BLOM Stock Index (BSI) declined by 0.30% over the past week to 1,155.86 points. The average traded volume and value of shares however increased from last week’s 1,747,590 shares worth $11.3M to ... read more
Lebanese Forex Market Demand for the dollar remained stable 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 mid-price of $/LP ... read more
The BLOM Bond Index (BBI) fell by 0.32% in the past week to settle at 105.26 points this week. The Lebanese index was outpaced by the JP Morgan Emerging Markets’ Bond Index (EMBI), which rose by a weekly ... read more
During the week ending on the 4th of May 2017, Broad Money M3 rose by a weekly LBP 243B ($161M) to reach LBP 203,303B ($135B). Moreover, M3 recorded a 7.73% annual increase and a 2.14% rise since the start ... read more
Discover today’s performance of BLOM indices, the closing prices of Lebanese stocks and Eurobonds, as well as the exchange rate of major currencies against the LBP. read more
According to the Ministry of Tourism, the number of tourist arrivals rose by a yearly 17.45% to 503,805 by April. This rise was partly due to the relatively stable security situation in Lebanon and the ... read more
According to Midclear, BLC Bank S.A.L acquired all the assets, liabilities, rights and obligations of BLC Invest S.A.L. BLC Invest has therefore been scratched off the list of banks in Lebanon and its ... read more
Discover today’s performance of BLOM indices, the closing prices of Lebanese stocks and Eurobonds, as well as the exchange rate of major currencies against the LBP. read more
The political and security stability in the country is still favouring higher leisure and tourism activities in the country. According to E&Y’s Middle East Hotel Benchmark Survey, Beirut’s hotel ... read more
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