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
Total real estate transactions in January 2015 settled at a 6 year low nearly half of those recorded in January 2010 and 2011 ahead of the rise of regional turbulence. In details, a 28.39% yearly decrease ... read more
The real estate consultant RAMCO lately released a publication about office buildings under construction in Beirut. The study enclosed 37 office projects with a total office space representing 195,694 ... read more
Following a $1B announcement, Lebanon successfully sold $2.2B of sovereign Eurobonds lately, the biggest foreign debt issuance in its history. Investors’ appetite for the issuance was substantial as bids ... read more
According to Enst & Young Middle East hotel benchmark survey, Lebanon recorded the second largest year on year (y-o-y) increase in its occupancy, with a 14 percentage points (p.ps) rise to 50% in ... read more
According to the Central Administration of Statistics (CAS) the consumer price index (CPI) fell from 100.92 points in January 2014 to 97.13 points by the end of January 2015, recording a 3.75% yearly ... read more
According to Midclear, the capital increase for CSC bank has been approved. The bank’s capital will increase from LBP 75,000,000,000 to LBP 100,000,000,000 through the issuance of 1,000,000 ordinary shares ... read more
The Global Retirement Index (GRI) 2015, issued by global asset manager, Natixis, shows which countries are the best homes for retirement and which countries aren’t. According to Natixis, welfare in ... read more
Rafic Hariri International Airport (RHIA) activity recorded an 11.40% year on year (y-o-y) progress in January 2015, with the total number of passengers reaching 501,766. This increase is explained by the ... 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