First National Bank Launched a fund, on the 7th of October 2015, named “First National Dollar Fund“, Authorized by MidClear. The fund will be mainly a mixture of investment in fixed income securities ... read more
On the 17th of March 2015, the general ordinary shareholders assembly of Banque De L’Industrie Et Du Travail (BIT) S.A.L convened to discuss the increase of the bank’s capital. On the 16th of September, ... read more
Total consolidated assets of commercial banks amounted to $181.62B in the first 8 months of the year, a 3.37% growth since year start, and a progression of 6.62% year-on-year (y-o-y). In terms of assets, ... read more
Tourist spending in Lebanon grew 5% y-o-y in the first eight months of 2015, according to “Global Blue”. The improvement of tourists’ spending in the first three quarters of the year came from the ... read more
Lebanon’s Balance of payments (BoP) deficit reached $1.65B by August 2015, almost four times higher than the $432.9M recorded a year earlier. In fact, the deficit level was the worst since 2012 and was ... read more
In its annual Global Competitiveness Index (GCI) 2015-2016 report, the World Economic Forum ranked Lebanon 113th globally (Switzerland being 1st) out of 140 countries and 10th out of the Arab counties ... read more
The Central Bank’s (BDL) balance sheet posted a 0.18% monthly increase in total assets to $91.63B in September 2015. In details, foreign assets, constituting 41.74% of total assets, fell by 0.89% from the ... read more
On the 23th of September 2015, the Beirut Stock Exchange announced that the delisting of Bank Audi preferred shares class “E” will occur on the 29th of the same month. This came after the board’s decision ... read more
The value of cleared checks declined illustrating a slowdown in the Lebanese economy and lower business spending. The value of clear checks fell by 8.33% during the first eight months of the year, as the ... read more
Rafic Hariri International Airport (RHIA) activity progressed during the first 9 months of 2015, where the total number of passengers increased by 10.50% year-on-year (y-o-y) to 5.55M. The number of ... read more
Lebanon’s touristic sector progressed by July 2015, to reach its highest level in 3 years. According, to the Ministry of Tourism, the number of incomers by July 2015 reached 880,079, a 17.90% surge from ... read more
The number of construction permits experienced a yearly fall of 13.27% to reach its lowest level in 6 years at 9,814 in the first 8 months of the year, compared to a higher level of 11,315 during the same ... read more
On the London Stock Exchange (LSE), two of the four listed Lebanese Global Depository Receipts (GDRs) traded on Friday. The real estate sector saw a partial recovery, where Solidere GDRs increased by 3.45% ... read more
Total real estate transactions (local and foreign transactions) stood at 39,783 in the first 8 months of the year, with an 11.49% yearly decline from 44,945. Furthermore, those total transactions were ... read more
The Global Innovation Index (GII), co-published by Cornell University, INSEAD, and the World Intellectual Property Organization, draws an innovation efficiency ratio for each country by assessing the ... read more
According to Ernst & Young Middle East hotel benchmark survey, amongst the MENA countries Lebanon’s occupancy rate stood 4th at 56% by August, ahead of Egypt, Bahrain, Jordan and Kuwait, while losing ... read more
According to the Central Administration of Statistics (CAS), the consumer price index (CPI) recorded a 4.60% yearly fall to 96.37 by August compared, to last year’s 101.01. This deflationary pressure was ... read more
According to the National News Agency (NNA), the first 2015 aid package from the European Union (EU), totaled €15M ($16.5M) to support Lebanon’s socio-economic developments. In details, €10M ($11M) will go ... read more
Emerging Investment Partners (EIP) announced its first investment in the Lebanese market, through the acquisition of a majority stake in a large real-estate project, Backyard Hazmieh. The total project is ... read more
Lebanon’s Central Bank’s (BdL) revealed a 0.55%monthly growth by Mid-September in its total assets to $91.36B compared to a lower amount of $90.86B by August 15. In addition, a 6.60% growth in total assets ... read more
Customs activity was negative over the first seven months of 2015 recording yearly drops of 13.6% and 1.9% in terms of value and volume of transferred goods. However, the steep decline in the value of ... read more
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