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
Rafic Hariri International Airport (RHIA) activity progressed during the first 5 months of 2015, where the total number of passengers improved by 8.93% year-on-year (y-o-y) to 2.52M, compared to a lower ... read more
The Beirut Stock Exchange witnessed a poor performance on Thursday as the BLOM Stock Index (BSI) declined by 0.18% to 1,191.45 points, narrowing its year-to-date gains to 1.81%. In the banking sector, ... read more
Following Banque du Liban’s approval on the 1st of April 2015, Credit Bank increased its capital by $25.0M through the issuance of 25,000 non-Cumulative Redeemable Preferred Shares 2015 Series 5. The ... read more
RYMCO S.A.L recorded a year end net profit of $4.28M in 2014 compared to $4.65M in 2013. This was partly on the back of, the annual 3.93% growth in sales to $175.45M which was offset by the 7.67% ... read more
The Lebanese Gross Public Debt (GPD) amounted to $69.43B (LBP 104,338B) by March 2015, broadening by 6.56% year-on-year (y-o-y) and 4.29% year-to-date (y-t-d). Hence, Lebanon’s public debt reached 145.12% ... read more
The Ordinary General Assembly of HOLCIM (Liban) SAL shareholders convened on May 28, 2015 and approved the distribution of dividends in exchange of coupon Nb. 9 shares issued on 14/05/2007. According to ... read more
Lebanon’s Central Bank’s (BdL) revealed a 1.35%monthly growth in its total assets to $90.01B in May 2015. Foreign assets, which grasped 42.87% of total assets, went up by 2.28% month-on-month to $38.59B in ... read more
Retail banking activity showed an improvement in the first three quarters of 2014, illustrated by the 20.79% year-on-year (y-o-y) surge to 2.39M in the total number of payment cards by September 2014. ... read more
Bank Audi S.A.E, the bank’s Egyptian subsidiary, recorded a profit of $23.85 M in Q1 2015, a 63.18% year-on-year (y-o-y) increase. In detail, net interest income increased by 19.43% y-o-y to settle at ... read more
The Ordinary General Assembly of BEMO Bank’s shareholders convened on May 29, 2015 and approved the distribution of dividends for the year 2014 worth LP 6,793M (or $4.51M). Those dividends will be ... read more
The total number of checks, cleared by Banque du Liban, showed a drop of 3.60% yearly, to 4.02M in the first four months of the year, compared to a higher level of 4.17M a year earlier. Furthermore, the ... read more
Bank Audi S.A.L declared the cessation in trading of all the 1.25M preferred shares class “E”, as of the 26th of May on the Beirut Stock Exchange (BSE). In details, all of the mentioned outstanding shares ... read more
Solidere S.A.L, Lebanon’s leading real estate company, reported a net profit of $96.90M for FY 2014, in comparison to $39.68M for the previous year, and in line with Blominvest’s estimates. The group’s ... read more
Despite the 15.3% year-on-year (y-o-y) decline of the overall imports’ tonnage in Q1 2015 to 3.47M tons of goods worth $4.17B, 4 out of 9 custom offices revealed higher volumes of imports compared to Q1 ... read more
In a recent publication, RAMCO revealed that the total bulk of apartments that were unsold in 2014 stood at 271, in Municipal Beirut, worth approximately $480M. In details, the census was based on 56 ... read more
Total real estate transactions (local and foreign transactions) hit a 6 year low by April 2015, plunging by 17.93% year-on-year (y-o-y) to list 17,816 total transactions worth $2.24B, compared to 21,709 ... read more
On May 22nd 2015, all Banque Libano-Francaise preferred shares class “2” were redeemed from Mid-Clear, in accordance with the decision of BLF’s board of directors, dating back to April 21st, 2014. ... 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 June 9, 2015 at the Bank’s Head Office located at Audi Plaza Bab Idriss. ... read more
Construction activity was lackluster by April, as construction permits recorded a 6 year low since 2010 ahead of the rise in regional turbulence. Specifically, the number of real estate permits declined by ... read more
According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI) continued to show signs of deflationary pressures, recording a yearly decline for the 5th month consecutively. ... read more
Ciments Blancs’ board of directors requests its shareholders to attend the annual general assembly meeting set to take place at the company’s head office in Dbayeh on Thursday the 18th of June at 10:00 ... read more
Disclaimer The content of this blog is for information purposes only. The information herein has been compiled from, or based upon sources we believe to be reliable, but we do not guarantee or accept responsibility for its completeness or accuracy. This document should not be construed as a solicitation to take part in any investment, or as constituting any representation or warranty on our part. The consequences of any action taken on the basis of information contained herein are solely the responsibility of the recipient.
This website uses cookies in order to improve user experience. If you close this box or continue browsing, we will assume you agree with this. For more information click here