According to the Ministry of Finance, transfers to EDL reached $787.34M for the first 8 months of 2015, substantially lower than the $1.47B transferred over the same period in 2014. This decline mainly ... read more
Rafic Hariri International Airport witnessed increased activity in January 2016, as the total number of passengers increased by a yearly 8.56% to 546,609. In details, the number of arrivals to Lebanon ... read more
The balance sheet of the Lebanese Central Bank, BDL, posted a 1.42% monthly increase in total assets to $92.19B in January 2016. Foreign assets, constituting 40.15% of total assets, inched down by 0.20% ... read more
The trade deficit in Lebanon contracted by 12.04% (year on year) y-o-y by the end of December 2015, to register $15.12B due to a 11.83% decline in total imports outpacing the 10.75% fall in total exports. ... read more
BLOM Bank’s unaudited financial statements revealed a 10.93% yearly surge in net profits to $404.66M, end of 2015, driven by increases in profit at its foreign subsidiaries. Among the listed banks, BLOM ... read more
The real estate market continued its downtrend in 2015 as evidenced by the decline in total transactions. Total real estate transactions stood at 82,790 by the end of 2015, recording a 5.4% yearly decline, ... read more
Byblos Bank announced its financial results for the year 2015 revealing a declining net profit by 8.48% year-on-year (y-o-y) to $160.60M. This was driven by declines in net fees and commissions and net ... read more
BEMO Bank’s financial statements revealed a 19.63% year-on-year (y-o-y) surge in its net profits to $13.43M in 2015. Although net interest income and net fee and commission income dropped 3.92% and 1.19% ... read more
With its initiative to regulate the micro finance sector in Lebanon, the BDL recently issued a set of regulations to control the credit operations performed by the small credit companies called “credit ... read more
Lebanon’s tourism sector improved by the end 2015 as the number of incomers surged by 12.05% to reach 1.52M tourists. The number of European visitors, grasping 33.29% of the total, augmented by 12.87% ... read more
Fransabank increased its capital from $301.49M to $308.46M by issuing 525,000 new preferred shares series E Issue 2015 with nominal value of $13.27 per share (or LP 20,000). The capital increase came in ... read more
According to the Ministry of Finance, transfers to EDL reached $472.07M up to May 2015, significantly lower than the $943.88M over the same period in 2014. Out of the government’s primary expenditures of ... read more
Deflationary pressures succeeded to end 2015 with a decline in consumer prices by 3.75% compared to an inflation of 1.86% in 2014, according to data released by the Central Administration of Statistics ... read more
The board of directors of BLC Bank called on the bank’s shareholders to attend the general assembly meeting which is to be held at the bank’s headquarters on the 04/2/2016 at 11 o’clock. On the meeting’s ... read more
According to the Lebanese Franchise Association (LFA), retail sales activity witnessed a positive yearly performance during the first six months of 2015, on both consumer goods and services levels. Retail ... read more
According to the Association of Lebanese Banks, gross public debt grew to $70.4B by November 2015 indicating a 5.71% increase on a year-on-year basis and a 2% monthly increase. Public debt denominated in ... read more
According to the Ministry of Finance (MoF), “Salaries, Wages and Related Benefits”, which mainly include the cost of basic salaries, allowances and indemnities paid to employees of the public sector, grew ... read more
According to the Association of Lebanese Banks (ABL), the number and the value of cleared checks respectively declined by a yearly 3.51% and 7.31% to 12.51 million checks worth $72.03B. Cleared checks ... read more
According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars in 2015 increased by 3.78% to 41,654 cars. The improvement is the result of price ... read more
The prominent trends of both the depreciating Euro and falling international oil prices are the main factors behind the tightening of Lebanon’s trade deficit since the start of the year. Lebanon’s trade ... read more
Total consolidated assets of commercial banks amounted to $183.18B in the first 11 months of 2015, recording a 4.26% growth since year start, and an expansion of 6.37% year-on-year (y-o-y). In terms of ... read more
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