The visit of Jesse Baker, (Deputy Assistant Secretary of the Treasury for Asia and the Middle East in the Office of Terrorist Financing and Financial Crimes) to Lebanon on March 7-8, 2024, has raised ... read more
In H1 2015, Solidere S.A.L, Lebanon’s only listed real estate company, witnessed a significant annual growth in revenues to $57.84M, but ended H1 with a net loss of $28.70M due to a provision of $50.51M ... read more
The number of total real estate transactions (local and foreign transactions) stood at 33,796 in the first seven months of the year, with a 12.65% y-o-y (year-on-year) drop from 38,691 by during the same ... read more
According to Rymco’s June balance sheet, the company’s total assets grew by 17% year-on-year to $160.49M while total shareholders’ equity edged up by 1% year-on-year to $50.15M. Rymco’s net income ... read more
According to the financial statements of Bank Audi’s Egyptian subsidiary, net profit surged by 31.47% year-on-year to reach $38.67M. Higher profits came about as net interest income grew from $50.22M at ... read more
According to a statement released by the Beirut Stock Exchange, MENA Invest has been scratched off the list of Brokers. This decision came about after the Central Bank of Lebanon announced it has removed ... read more
Five out of nine custom offices revealed higher volumes of imports in H1, 2015 compared to the same period in 2014 despite the 1.27% y-o-y (year-on-year) decline to 7.53M tons in the overall imports, as ... read more
The Lebanese Gross Public Debt (GPD) reached $69.03B (LBP 104,582B) in H1 2015, broadening by 5.02% year-on-year (y-o-y) and 3.69% year-to-date (y-t-d). Thus, Lebanon’s public debt reached 137.94% of Gross ... read more
According to Ernst & Young Middle East hotel benchmark survey, Lebanon recorded the second largest year-on-year (y-o-y) improvement in its occupancy rate by July, after Egypt. This is in parallel with ... read more
The number of construction permits experienced a yearly plunge of 14.30% to reach its lowest level in 6 years at 8,652 by July 2015, compared to a higher level of 10,096 in 2014. In this context, the ... read more
According to the Central Administration of Statistics (CAS), the consumer price index (CPI) remained on its downtrend, dropping from 100.77 in July 2014 to 96.89 in July of this year, registering a 3.86% ... read more
According to the latest study conducted by RAMCO Real Estate Advisers, covering 345 residential buildings under construction across Municipal Beirut, the average price of a 1st floor is of $3,720 per SQM. ... read more
Bank Audi S.A.L invites all its common shareholders to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Tuesday September 8, 2015 at the Bank’s Head Office located at Audi Plaza Bab ... read more
Fiscal deficit for H1 of 2015 showed a 33.29% year-on-year (y-o-y) expansion to $1.78B compared to the $1.34B deficit recorded H1 of last year. This was partially attributed to the 16.60% yearly decrease ... read more
According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars during the first 7 months of 2015 improved by 1.06% year-on-year (y-o-y) to 23,585 cars ... read more
The slowdown in economic activity had its toll on new projects guaranteed by Kafalat, as the number of guarantees given dropped in the first 7 months of 2015. Kafalat’s guarantees recorded a 29.1% decline ... read more
Retail activity in Lebanon maintained its steady progress over Q1 of 2015 with the number of outstanding payment cards rising by a yearly 9.2% to 2.51M. Notably, total cards held by foreigners fell ... read more
Lebanon’s trade deficit dropped by 18.78% year-on-year (y-o-y) in H1, 2015 to record $7B due to a 16.77% decrease in overall imports outpacing the 6.34% decline in total exports. This was mainly due to ... read more
The unconsolidated financial statements of Odeabank, Bank Audi’s Turkish subsidiary, revealed that the bank registered a $7.14M profit as at the end of June 2015 compared to a loss of $10.86M as at the end ... read more
Total consolidated assets of commercial banks amounted to $180.08B in H1, a 2.50% growth since year start, and an improvement of 6.20% year-on-year (y-o-y). In terms of assets, total reserves, with a ... read more
In spite of a 21% year-on-year (y-o-y) contraction in trade deficit and an improved performance in the tourism sector, Lebanon’s Balance of Payments (BoP) revealed a deficit of $1.32B in H1 2015, compared ... read more
Despite the 5.20% year-on-year (y-o-y) decline of the overall imports’ tonnage in the first five months of 2015 to 6.05M tons of goods worth $7.1B, four out of nine custom offices revealed higher volumes ... read more
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