The use of online services in the field of banking, amongst others, is gradually gaining appeal in Lebanon. In an attempt to regulate this market, the Central Bank of Lebanon recently issued Intermediate ... read more
Port of Beirut (PoB) continued to show a sustained activity, in the first half (H1) of 2015 as receipts grew 11.72% year-on-year (y-o-y) to 117.60M high in the last 5 years. This might be due to the longer ... read more
In spite of a 22.29% 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 $525M in the first 5 ... read more
Fiscal deficit for the first 3 months of 2015 showed a 14.95% year-on-year (y-o-y) contraction to $506.29M, on the back of 4.19% higher revenues and 4.35% lower expenditures, over the same period. In ... read more
The Central Bank’s (BDL) balance sheet exposed a positive 0.75% monthly upturn in total assets to $90.68B by End-June, compared to $90.01B by End-May. In terms of the assets’ category in the balance sheet, ... read more
Tourist spending in Lebanon grew 7% y-o-y in the first six months of 2015, according to “Global Blue”. The improvement of tourists’ spending in the first half of the year was mainly the result of the ... read more
According to the Ministry of Finance (MoF), the item “Salaries, Wages and Related Benefits” of government spending, which mainly includes the cost of basic salaries, allowances and indemnities, increased ... read more
Banque Misr-Liban (BML) S.A.L held a general assembly on April 24, 2015 in which it was decided to increase its capital by $13.27M to $79.60M by raising the nominal value of each share from $0.83 to $1/ ... read more
Cascada village, extending over 200,000 square meters of built-up area with an investment of around $200M, announced the starting of the construction phase of its 4,800 square meter medical center, Cascada ... read more
Transfers to EdL for the first 10 months of 2014 showed a 9.3% year-on-year (y-o-y) drop to $1.63B. This was mainly due to the fact that international prices of oil fell by a yearly average of 0.05% by, ... read more
Despite some negative political and security developments in Lebanon during 2014, according to UNCTAD’s annual World Investment Report, Lebanon’s Foreign Direct Investment (FDI) inflows grew by 6.6% ... read more
According to the Ministry of Finance, Lebanon’s fiscal deficit narrowed by 6.44% year-on-year (y-o-y) to reach $111.66M in January 2015. The fiscal deficit tightened following a 16.78% y-o-y slump in total ... read more
The Lebanese gross public debt amounted to $69.46B (LBP 104,708B), or 146.24% of Lebanon’s GDP, by April 2015, broadening by 7.06% year-on-year (y-o-y) and 4.34% year-to-date (y-t-d). Debt in domestic ... read more
Given lack of quorum during the general assembly initially called for on the 22nd of June 2015, Solidere released an invitation for a second general assembly to be held on July 13th, 2015. The general ... read more
Following the general assembly held on the 18th of June 2015, Ciments Blancs announced the dividend distribution of LBP 505/share as of the 6th of July 2015. For Ciments Blancs’ bearer and nominal shares ... read more
The stable Lebanese security scene in 2015 has played in favor of the tourism sector despite the ongoing political deadlock. According to the Ministry of Tourism, the number of tourist arrivals rose by a ... read more
The value of cleared checks fell 4.30% during the first five 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
According to Ernst & Young Middle East hotel benchmark survey, Lebanon registered the second largest year-on-year (y-o-y) improvement in its occupancy rate by May, just after Egypt. This goes parallel ... read more
RYMCO’s shareholders convened on June 19, 2015 and approved the distribution of dividends for the year 2014 worth LP 3,767.4M (or $2.50M), or LP 138/share, the equivalent of $0.09/share (or a net of $0.086 ... read more
The number of construction permits experienced a yearly plunge of 19.26% to reach its lowest level in 6 years at 5,816 by May, compared to a higher level of 7,203 in 2014. In this context, the construction ... read more
According to the Central Administration of Statistics (CAS), the consumer price index (CPI) registered a 3.26% yearly fall to 98.02 in the first 5 months of the year compared, to last year’s 101.32. This ... read more
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