BLC Bank’s unaudited financial statements revealed that net profits barely changed year-on-year (y-o-y) with profits of $23.14M in H1 2015, a very slight decrease of 0.57% from H1 2014. On the statement of ... read more
Banque BEMO recorded profits of $7.97M in H1 2015, a 33.18% surge from June 2014, according to their unaudited financial statements. This mainly came on the back of the 1.59% yearly increase in net ... read more
The value of cleared checks fell 7.76% during H1 of this year, which might be due to lower business spending, and the fact that people are possibly substituting payments via checks with various payment ... read more
According to the “Richest and Poorest Countries in the World for 2013” survey recently released by Global Finance Magazine (GFM) based on data gathered from IMF published reports, Qatar achieved the 1st ... read more
Byblos Bank recorded profits of $70.1M in H1 2015, a 1.07% increase from H1 2014, according to their unaudited financial statements. This mainly came on the back of the 8.83% yearly increase in net ... 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 in H1, after Egypt. This goes hand in hand with ... read more
Bank Audi group recorded profits of $202.09M in H1 2015, a 6.52% increase from June 2014, according to their unaudited financial statements. This mainly came on the back of the respective increases of ... read more
Total real estate transactions (local and foreign transactions) stood at 28,722 by June, with a 14.97% yearly drop from 33,780. In addition, those total transactions were worth $3.59B, declining by an ... read more
On the 21st of July 2015, the EuroMena Fund announced that it has withdrawn from regional insurance Chedid Capital Holding (CCH), the prior month, by selling its share in the company to Saudi Al Rashed ... read more
Rafic Hariri International Airport (RHIA) activity increased during the first 6 months of 2015, where the total number of passengers improved by 6.49% year-on-year (y-o-y) to 3.11M, compared to a lower ... read more
The number of construction permits witnessed a yearly plunge of 15.87% to reach its lowest level in 6 years at 7,387 in H1 2015, compared to a higher level of 8,780 in 2014. In this context, the ... read more
According to the Central Administration of Statistics (CAS), the consumer price index (CPI) has been prone to deflationary pressures in H1 2015 compared to H1 2014. The CPI dropped from 100.61 in June 2014 ... read more
Lebanon’s Central Bank’s (BdL) revealed a 0.41%monthly growth by Mid-July in its total assets to $91.13B compared to a lower amount of $90.76B by June 15. Foreign assets, which grasped 42.87% of total ... read more
According to Midclear, Fransabank completed the redemption of 500,000 non-listed preferred “A” shares 2008 on July 15th after full payments were made to their shareholders. The redemption was approved by ... read more
Retail activity in Lebanon maintained its steady progress over 2014 with the number of outstanding payment cards rising by a yearly 11.4% to 2.43M. In fact, 97.3% of total cards were held by residents in ... read more
During its annual ordinary general assembly held on July 13th, 2015, Solidere declared the distribution of cash-dividends and stock-dividends, which, combined, are equivalent to a distribution of ... read more
According to Lebanese customs, Lebanon’s trade deficit shrunk by a yearly 21% to reach $5.83B by May 2015. The smaller deficit came about as both imports and exports posted yearly declines of 19% and 8% to ... read more
In their latest publication, real estate advisers RAMCO, surveyed 346 buildings under construction across Municipal Beirut and revealed the average asking sales prices of apartments on the first floor in ... read more
According to the Ministry of Finance, transfers to EDL dropped by a yearly 3.6% to reach $1.81B up to November 2014. Excluding EDL’s debt service, the reimbursements for the purchase of gas and fuel from ... read more
Total consolidated assets of commercial banks amounted to $179.03B by May, a 1.90% growth since year start, and an improvement of 6.97% year-on-year (y-o-y). In terms of assets, total reserves, with a ... read more
According to Kafalat figures, the number of issued guarantees in the first half of 2015 (H1 2015) reached 292 down from 443 in H1 2014. The value of the issued Kafalat guarantees also declined by 26.53% ... read more
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