According to Business Monitor International’s (BMI) latest industry view, the Lebanese healthcare system is “under enormous strain due to the increasing number of Syrian refugees seeking treatment in the ... read more
Kafalat issued 40 guarantees in the 1st month of the year with a total value of $5.13M, lower than the 70 guarantees worth $10.66M that were issued during the same month in 2014. Therefore, the average ... read more
Transfers to EdL for the first eight months of 2014 showed a 6.46% year-on-year (y-o-y) drop to $1.41B. This was the result of the 5.15 % y-o-y decline in payments to fuel oil and gas oil suppliers KPC and ... read more
The BLOM Bond Index, which tracks the Lebanese Eurobond market, increased by 0.05% to 106.93 points. The 5Y and 10Y Eurobonds’ yields decreased by 1 basis point (bp) each to 5.26% and 6.20%, respectively. ... read more
The BLOM Stock Index ended Monday’s trading session relatively constant with a closing value of 1,204.72. In the real estate sector, Solidere “A” shares lost 1.49% of its value to settle at $11.23 while ... read more
Levant Investment Bank (Libank), a fully chartered investment and private bank regulated by the Central Bank of Lebanon, is going to launch a $25M mutual fund in April. The LIBANK Global Balanced Fund will ... read more
By the end of October 2014 the fiscal outlook looked positive as the public deficit narrowed by 30.71% year on year (y-o-y) to $2.44B. This progress was due to an increase of the total revenues by 11.48% ... read more
The Port of Beirut’s revenues shrank by 13.45% year-on-year in January 2015 to settle at $16.01M. Activity on Lebanon’s main port began the year poorly with a decrease in total container activity ... read more
According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars increased from 2,551 in January 2014 to 2,561 in January 2015. The number of newly ... read more
According to the Ministry of Industry, the value of industrial exports in the first ten months of 2014 reached $2.66B, down by 7.5% compared to the same period in 2013 and down by 10.6% from the same ... read more
On the 27th of January 2015, the Beirut Stock Exchange (BSE) agreed on the swap of 722,264 listed common shares to Global Depository Receipts (GDRs) for Bank Audi. Trade on these GDR shares will begin on ... read more
Following the extraordinary general assembly that took place on the 17th of November 2014, Bank of Beirut (BoB) decided to increase its capital by $2.69M to $69.49M via the issuance of 3,000,000 new ... read more
Rafic Hariri International Airport (RHIA) activity registered a 4.9% y-o-y growth in the total number of passengers reaching 6.57M during 2014. The airline traffic was highly affected by the regional and ... read more
The global economy has witnessed the most significant slide in oil prices since 2008, with global oil prices slashed by more than half between mid-June and early 2015. This decrease can be attributed to ... read more
Beirut, once nicknamed the “The Paris of the Middle East”, suffered in the previous years because of persistent political deadlocks and ongoing unrest in the region. The 6% y-o-y increment to 1.35M in ... read more
The Central Bank’s (BDL) balance sheet posted a 1.67% monthly growth in total assets to $87.13B in the first month of 2015. The bank’s foreign assets ticked down slightly by 0.01% to $37.86B, below its ... read more
The unaudited consolidated income statement of BLC Bank revealed a 2.7% increase in net profit to $43.25M by end 2014 compared to $42.11M earned in the same period last year. This rise in profit is due to ... read more
Following a very low base reached in 2013 and trailing since 2011, ARA Marketing Research & Consultancy recently published the Consumer Confidence Index (CCI) for the month of December 2014. The latter ... read more
After decreasing for two years in a row, Byblos Bank’s profits reversed the downward trend, growing 12.51% compared to 2013, to stand at $175.72M by December 2014. Worth noting, Byblos outperformed Bank of ... read more
Bank of Beirut (BoB) recorded a 20.65% surge in its net profits to $175.47M end of 2014. This upsurge was the result of the 13.50% and 17.03% increase in interest income and net fees and commission income ... read more
Retail banking activity in Lebanon was one of the few indicators to post improving activity in 2014. The number of payment cards soared by a yearly 23.2% in the first half of 2014 to hit 2.36M cards, out ... read more
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