The number of real estate transactions (local and foreign transactions) stood at 51,096 in the first 10 months of the year, with an 11.52% yearly decline from 57,751 during the same period last year. Their ... read more
Lebanon has recently applied to become a shareholder of the European Bank for Reconstruction and Development (EBRD) in order to be allegeable to get loans from the bank. Hence, a fact-finding mission, ... read more
According to the Ministry of Industry, industrial exports totaled $1.54B in H1 2015, 2.60% lower than the same period in 2014 and 14.79% below the value reached in 2013. The decline in the first 6 months ... read more
Demand for Lebanese Eurobonds slightly improved causing the BLOM Bond Index (BBI) to tick up by 0.02% to 102.94 points, narrowing its year-to-date loss to 4.22%. Yield on the 5Y Lebanese Eurobonds ... read more
In its quarterly Industry Risk/Reward Index for Q1, 2016, in terms of the pharmaceutical industry, Business Monitor ranked Lebanon 3rd out of 17 in the Middle East and Africa (MEA) region. Lebanon’s ... read more
The Alpha Group’s balance sheet showed that the 4.10% annual rise in the value of loans to customers to $61.12B lifted total assets by a yearly 6.19% to $199.61B by end September. The value of the Alpha ... read more
Customs activity was in the red over the first nine months of 2015 recording yearly downturns of 15.94% and 3.37% in terms of value and volume of transported goods. However, the steep decline in the value ... read more
Lebanon’s trade deficit declined by 18.57% year-on-year (y-o-y) by September, to record $10.67B due to a 17.38% decrease in overall imports outpacing the 11.10% decline in total exports. The prominent ... read more
The Lebanese Gross Public Debt (GPD) reached $68.72B (LBP 103,597B) by end September, widening by 4.17% year-on-year (y-o-y) and 3.23% since the start of the year. Accordingly, Lebanon’s public debt ... read more
According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars during the first 10 months of 2015 increased by 2.15% year-on-year (y-o-y) to 34,734 ... read more
The number and value of guarantees given by Kafalat declined by 24.32% and 17.42% in the first 10 months of 2015 to 554 worth $77.38M, respectively, compared to 732 guarantees worth $93.70M by October ... read more
Total consolidated assets of commercial banks reached $181.34B by September, a 3.21% growth since year start, and an expansion of 5.84% year-on-year (y-o-y). In terms of assets, total reserves, with a ... read more
Lebanon’s Balance of payments (BoP) deficit reached $1.77B by September 2015, the biggest since 2012 and five times higher than the $301.8M deficit recorded a year earlier. The deterioration in the BoP is ... read more
Rafic Hariri International Airport (RHIA) activity progressed during the first 10 months of 2015, where the total number of passengers increased by 9.93% year-on-year (y-o-y) to 6.12M. The number of ... read more
The Board of Directors of Banque Libano-Francaise (BLF) decided to redeem its 1,000,000 BLF preferred shares 2010 Series 2 worth LP 10,000,000,000. These shares will be replaced by 1,000,000 common shares ... read more
According to the Ministry of Finance, transfers to EDL reached $315.46M up to March 2015, significantly lower than the $615.13M recorded during Q1 2014. Excluding EDL’s debt service, the reimbursements for ... read more
The Central Bank’s (BDL) balance sheet revealed a minor monthly uptick of 0.53% in total assets to $92.11B by End-November 2015. Foreign assets, constituting 40.97% of total assets, inched down by 1.34% to ... read more
In its quarterly Industry Risk/Reward Index for Q4, 2015, in terms of the medical device industry, Business Monitor ranked Lebanon 7th out of 17 in the Middle East and Africa (MEA) region (Saudi Arabia ... read more
The value of cleared checks fell 8.51% during the first 9 months of the year, which might be due to lower business spending, and the fact that people are possibly substituting payments via checks with ... read more
Banque BEMO reported a 15.40% annual increase in net income to $10.32M. This increase was primarily due to a $2.72M write-back of provisions and an 11.77% y-o-y decrease in administrative expenses to ... read more
BLC Bank witnessed a 25.56% y-o-y decline in their net income over the first three quarters of 2015 to $32.78M. Net interest income shed 29.66% to $92.18M, and net fee and commission income lost a similar ... read more
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