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
Insurance companies in Lebanon recorded a 5.3% yearly growth in the number of non-life insurance premiums during 2014, according to Al Bayan Economic Magazine. The exclusive report showed that even though ... read more
Total real estate transactions (local and foreign transactions) hit a 6 year low by February 2015, declining 26.73% year-on-year (y-o-y) to list 7,531 total transactions worth $1.00B. Following a partial ... read more
Commercial areas are reshuffling in Beirut’s main streets hand in hand with the changing perception for hotspot locations of the Food & Beverage (F&B) industry’s operators. According to RAMCO, 4 ... read more
Lebanon’s trade deficit shrank by 33.06% year -on-year (y-o-y) in January 2015 to stand at $1.09B due to an increase in overall exports of 2.55% from January 2014 and a decline in imports by 28.42%. Total ... read more
After the approval of the Lebanese Capital Market Authority (CMA) on the 26th of January 2015, Bank Audi SAL will promote Certificates of Participation in Odea Bank Sub-Loan. By this, Bank Audi will lend ... read more
Bank Audi SAE, operating in Egypt, recorded a 19.79% growth in its net profits to $58.28M. This was triggered by the 14.71% and 29.62% increases in net interest income and net income from fees and ... read more
Lebanon’s main port, Port of Beirut, saw its revenue shrink 7.52% year-on-year (y-o-y) in the first 2 months of 2015 to $32.05M. This might be attributed to truckers’ stikes protesting against the project ... read more
According to the Ministry of Finance (MoF), “Salaries, Wages and Related Benefits”, which mainly includes the cost of basic salaries, allowances and indemnities, increased by 2.35% in the two thirds of ... read more
According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars during the first 2 months of 2015 dropped 7.86% year-on-year (y-o-y) to 4,889 cars. This ... read more
The slowdown in economic activity is taking its toll on new projects as witnessed by the number of guarantees given by Kafalat in the first 2 months of 2015. Kafalat issued 86 guarantees worth $10.48M, ... read more
The consolidated balance sheet of Lebanon’s commercial banks revealed a 0.02% progress month on month (m-o-m) in assets to $175.74B in January 2015, which translates to a 6.88% year-on-year (y-o-y) growth. ... read more
Lebanon’s Balance of Payments (BoP) displayed a $1.41B deficit compared to a smaller deficit of $1.13B in 2013, despite the improvement in the current account, BOP’s largest constituent. Hence, the higher ... read more
Fiscal deficit for the first 11 months of 2014 showed a 24.06% year-on-year (y-o-y) contraction to $3.02B, on the back of 10.39% higher revenues and 0.58% lower expenditures. On the revenue side, tax ... read more
The Central Bank of Lebanon has approved for Standard Chartered Bank to change its name to “Cedrus Bank S.A.L” and that as of 02/03/2015. This modification is a result of Cedrus Invest Bank acquiring ... read more
According to the Ministry of Industry, the value of Lebanese industrial exports amounted to $3.15B in 2014, down from 2013’s $3.38B and 2012’s $3.57B. On the other hand, the value of imports of machinery ... read more
After the issuance of new Eurobonds maturing in 2025 and 2030 last week, demand for Eurobonds was quite subdued this week. Accordingly, the BLOM Bond Index (BBI) slipped by a weekly 0.14% to 106.85 points. ... read more
According to data released by the Association of Lebanese Banks, Lebanon’s gross public debt registered a 4.8% yearly growth rate to reach $66.56B in 2014 compared to a double-digit growth rate of 10.1% in ... read more
The Central Bank’s (BDL) balance sheet exposed a positive 1.24% monthly upturn in total assets to $88.21B by end of February 2015. In terms of the assets’ category on in the balance sheet, foreign assets, ... read more
In January 2015, the total number of cleared checks slid by 3.63% y-o-y to reach 1.04M. The value of cleared checks declined from $6.16B in January 2014 to $5.82B in January 2015. The number of checks ... read more
The Berytech II Fund, which was announced in 2013, ended its latest round of funding at $51.5M. These funds are to be used to motivate people to create startups and SMEs in the ICT sector in a bid to raise ... read more
The number of total incomers to Lebanon significantly rose in January due to improving political and security conditions in the country and in the region. With substantial amounts of snowfall, winter ... read more
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