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
RYMCO’s board of directors invites its shareholders to the annual general assembly meeting set to take place at the company’s headquarters in Hazmieh- Chiyah Boulevard on Friday the 19th of June at 5:00 ... read more
In its latest article, Lebanon’s Telecom Market Overview 2015, Business Monitor International (BMI) discussed the situational backdrop of the Lebanese telecom sector. The telecom industry is considered a ... read more
Transfers to EdL, for the first 3 quarters of 2014, showed an 11.53% year-on-year (y-o-y) drop to $1.49B. This was due to the 10.48% y-o-y decline in payments to fuel oil and gas oil suppliers KPC and ... read more
The Ordinary General Assembly of Byblos Bank’s shareholders S.A.L convened on May 15, 2015 and approved the distribution of LP 161,551M ($107.16M) in gross dividends, constituting 61% of net profit for the ... read more
According to Ernst & Young Middle East hotel benchmark survey, Lebanon registered the largest year-on-year (y-o-y) improvement in its occupancy rate by April, after Egypt. This goes hand in hand with ... read more
In its annual Travel and Tourism Competitiveness (TTC) 2013-2014 report, published under the theme “Growth through Shocks”, the World Economic Forum ranked Lebanon 94th globally (Spain being 1st) out of ... read more
In its concluding statement of the 2015 Article IV mission, the International Monetary Fund (IMF) stated that the indolent policy along with the continued presence of refugees weigh heavily on the Lebanese ... read more
The slowdown in economic activity had its toll on new projects guaranteed by Kafalat, as the number of guarantees given by Kafalat dropped in the first 4 months of 2015. Kafalat issued 180 guarantees worth ... 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